Investment Analysis — 54R 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 3-bedroom in 01902 carries an estimated $3,080/mo in gross rent — about a 3.64% cap rate and $21,131/yr in estimated NOI at the $579,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

1,750

Style

Single Family

Built

1839

Just in time for Christmas and priced to sell. Beautiful single family with 3 bedrooms and full master suite nestled in the heart of Lynn’s esteemed Diamond Historic District, 54R Nahant Street is a rare and distinguished renovated carriage house that sits in the rear of 54 Nahant. The house seamlessly blends into its space with its 19th-century grandeur. This house is renovated with master suite, master bath, walk-in closet and sitting area. Carriage house is move-in ready. House has much to offer and needs the right buyer. House is a legal single-family house and condo alternative offering you dedicated parking and yard space plant, BBQ or garden. Photos are prior to current tenant's occupancy.

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: 875 sq ft (the lesser of 900 sq ft or half the 1,750 sq ft principal dwelling). Lot size: 5,619 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 MLS and other third-party data may be inaccurate or out of date.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.