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Beautiful multifamily home with unobstructed ocean views of Nahant bay. Located in Lynn's highly sought after diamond district neighborhood. This property presents a unique opportunity for investors, developers, and owner-occupants. Consisting of three units with a strong rental history. The 1st floor unit offers 4+ rooms,1 bedroom, living room, dining room, eat in kitchen, sunroom and 1 bath, 2nd floor unit offers 4 rooms, living room, kitchen, 2 bedrooms, 2 baths, and is currently vacant, 3rd floor unit offers 3 rooms, living room, kitchen 1 bedroom and a bath. Built in 1900 with 3,750 sq.ft. of living space and 5,955 sq.ft. of land. There are many period details, including windows, doors, fireplaces, hardwood floors, staircase and moldings. Coin operated newer washer and dryer in basement. One heating system, separate electric, Close to Beaches, North Shore Community College, Lynn Marina/Yacht Club and commuter rail to Boston. 3 car parking.

More Info

Basic Information

  • Mls StatusNew
  • Parcel Number 2001669
  • Rent Includes Unit 1(Heat, Water, Hot Water), Unit 2(Heat, Water, Hot Water), Unit 3(Heat, Water, Hot Water)

Tax Information

  • Tax Assessed Value $1,244,400
  • Tax Year 2026
  • Taxes$12,817

Parking

  • Open Parking YN Yes
  • Parking Features Paved Drive, Off Street
  • Parking Spaces3

Rooms

  • Bathroom4
  • Bathrooms Total Decimal 4
  • Bedrooms4
  • Full Bath4

Basic Information

  • List Price$1,250,000
  • MLS Number73533690
  • Modification Date06/11/2026
  • Property SubType3 Family - 3 Units Up/Down

Location

  • Address49 Atlantic Terrace
  • Building Number49
  • CountyEssex
  • StateMA
  • StreetAtlantic Terrace
  • TownLynn
  • Zip01902

Building

  • BasementFull
  • Building Area Units Square Feet
  • FireplaceYes
  • Fireplaces Total 3
  • FoundationStone
  • Levels 4
  • Rooms12
  • Stories4
  • Units3
  • Utilities For Electric Range, For Electric Dryer
  • Year Built1900
  • Year Built Details Approximate
  • Year Built Source Public Records

Property

  • Acreage0.14

Interior

  • Flooring Tile, Hardwood
  • Interior Features
    • Bathroom With Tub
    • Bathroom With Tub & Shower
    • Dining Room
    • Kitchen
    • Living Room
    • Sunroom

Exterior

  • RoofShingle

Utilities

  • Electric Circuit Breakers, Knob & Tube Wiring
  • Heat SystemYes
  • Heating Forced Air, Natural Gas
  • Sewer Public Sewer
  • Water Source Public

Property Information

  • Building Area Source Public Records
  • Living Area 3,750
  • Lot Size Square Feet 5,955
  • Lot Size Units Acres
  • Square Feet3,750

Amenities

  • AmenitiesPublic Transportation, Shopping, Marina
  • Appliances IncludedRange, Dishwasher, Disposal, Refrigerator
  • Other AmenitiesBasement, Fireplace

Water Body

  • Miles to Beach0.1
  • Waterfront Features Ocean,0 to 1/10 Mile To Beach, Beach Ownership(Public)

Legal

  • ZoningR2

Other

  • Date Listed06/10/2026
  • Farm Land Area Units Square Feet

Map Location

Driving Directions

Listed by Beth Jacobs of Coldwell Banker Realty - Marblehead

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