49 Atlantic Terrace
$1,250,000
4
Beds
4
Baths
3,750
Sqft
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$1,250,000
4
Beds
4
Baths
3,750
Living Area
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Property Description
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.
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Highlights
- Heating: Forced Air, Natural Gas
- Parking Spots: 3
- Property Type: 3 Family - 3 Units Up/Down
- Total Rooms: 12
- Status: Active
- Levels: 4
- Property Class: Residential Income
- Stories: 4
- Year Built: 1900
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Additional Details
- Appliances: Range, Dishwasher, Disposal, Refrigerator
- Exclusions: Light Fixture/Fan On First- Floor Living Room Belongs To Tenant.
- Flooring: Tile, Hardwood
- Interior Features: Bathroom With Tub, Bathroom With Tub & Shower, Living Room, Dining Room, Kitchen, Sunroom
- Roof: Shingle
- Total Number of Units: 3
- Year Built Source: Public Records
- Basement: Full
- Fireplaces: 3
- Foundation: Stone
- Road Frontage Type: Public
- SqFt Source: Public Record
- Year Built Details: Approximate
- Zoning: R2
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Amenities
- Community Features: Public Transportation, Shopping, Marina
- Waterfront Features: Ocean, 0 to 1/10 Mile To Beach, Beach Ownership(Public)
- Parking Features: Paved Drive, Off Street
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Utilities
- Electric: Circuit Breakers, Knob & Tube Wiring
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $1,244,400
- Tax Year: 2026
- Total Rent: $3,550
- Rental Fee Includes: Unit 1(Heat, Water, Hot Water), Unit 2(Heat, Water, Hot Water), Unit 3(Heat, Water, Hot Water)
- Taxes: $12,817
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Content © 2026 MLS Property Information Network, Inc. The information in this listing was gathered from third party resources including the seller and public records.
Listing information provided courtesy of Coldwell Banker Realty - Marblehead.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.