62 Nahant St. located in Lynn's Diamond District is a licensed rooming/lodging house with an active license for 12 SRO. This license could be expanded to 16 SRO through the proper channels. 62 Nahant St. is located on a visible corner lot with off-street parking with close proximity to the beach, downtown and major public transportation. The building is good condition and would be ideal for a non-profit organization to purchase and modify the building for transitional housing programs. The building has a large dry basement which allows for ample storage of tenant or owner property and the garage could be utilized for additional storage. Recent improvement to the building includes a new spiral staircase for egress from the 2nd and 3rd floor. The tenants are all TAW and pay weekly or monthly depending on their in place agreements with ownership. Ownership is willing to seller finance the sale of the property. Terms to be negotiated.

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Basic Information

Gross Income $28,800
Lot Features Corner Lot, Level
Mls StatusNew
Parcel Number 2002110

Tax Information

Tax Assessed Value $1,200,200
Tax Year 2025
Taxes$11,844

Parking

Covered Spaces 2
Garage YN Yes
Open Parking YN Yes
Parking Features Paved Drive, Off Street
Parking Spaces8

Rooms

Bathroom4
Bathrooms Total Decimal 4
Bedrooms12
Full Bath4

Basic Information

List Price$1,300,000
MLS Number73581071
Modification Date09/22/2026
Property SubType5+ Family - Rooming House

Location

Address62 Nahant Street
Building Number62
CountyEssex
NeighborhoodDiamond District
StateMA
StreetNahant Street
SubdivisionDiamond District
TownLynn
Zip01901

Building

BasementUnfinished
Building Area Units Square Feet
FireplaceYes
Fireplaces Total 2
FoundationStone
Garage Spaces2
Levels 3
Patio And Porch Features Porch
Rooms12
Stories3
Units12
Year Built1893
Year Built Details Actual
Year Built Source Public Records

Property

Acreage0.16

Interior

Flooring Wood

Exterior

Exterior Features Sprinkler System
Fencing Fenced

Utilities

Electric 110 Volts
Sewer Public Sewer
Water Source Public

Property Information

Building Area Source Public Records
Living Area 4,041
Lot Size Square Feet 6,950
Lot Size Units Acres
Square Feet4,041

Amenities

Amenities
- Highway Access
- Laundromat
- Public School
- Public Transportation
- Shopping
- T-Station
Other AmenitiesBasement, Fireplace

Water Body

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

Legal

ZoningR2

Other

Date Listed09/22/2026
Farm Land Area Units Square Feet

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Newton, MA

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Newton, MA