Investment Analysis — 54 Nahant St

Lynn, MA 01902 — Diamond District

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 11-bedroom in 01902 carries an estimated $3,390/mo in gross rent — about a 1.56% cap rate and $21,011/yr in estimated NOI at the $1,350,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

5.5

SqFt

5,500

Style

Single Family

Built

1839

Nestled in the heart of Lynn’s esteemed Diamond Historic District, 54 Nahant Street is a rare and distinguished property that seamlessly blends 19th-century grandeur with tradition. This expansive estate comprises a restored 1800s Colonial Revival offering a unique opportunity for multi-generational living, guest accommodations, or income potential. The house features 11+ bedrooms, including a master suite with custom mahogany built-in closets, master bath and sitting room. The historical gum wood paneling in the library and mahogany wood throughout add to the beauty and enhance the value of the home. House is presently occupied by a nonprofit. House has much to offer and needs the right buyer or organization to make this house its new space or home. House is a legal single-family residence. Driveway is shared with 54R Nahant located in the rear of the lot.

ADU Potential

Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 900 sq ft (the lesser of 900 sq ft or half the 5,500 sq ft principal dwelling). Lot size: 6,201 sq ft.

Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.