Investment Analysis — 15 Clark Rd

Ipswich, MA 01938 — Great Neck

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-bedroom in 01938 carries an estimated $2,560/mo in gross rent — about a 1.54% cap rate and $14,878/yr in estimated NOI at the $969,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

1,250

Style

Single Family

Built

1988

Perched on the backside of Great Neck, this home overlooks the salty blue ocean views of Plum Island Sound from the privacy of the second story balcony! With both entrances hardscaped with a beautiful stone work pathway, you won't hesitate to lead guests through either doorway. Through the side door you'll find a low maintenance trex floor deck with vinyl railings to enjoy warm Summer nights and easy access grilling. A few steps up leads you into the newly fenced lawn space ideal for a play space, stargazing on a crisp Fall night, or plant a lushious home garden! Inside you'll find an open concept kitchen/living space boasting beautiful Acacia wood flooring throughout, a stunning front facing picture window that beams with natural light. Off the living space is a generously sized bedroom and full bathroom. The staircase winds up to the main bedroom with attached full bath. With private balcony access you can wake up with the sunrise and fall asleep to colorful sunsets.

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: 625 sq ft (the lesser of 900 sq ft or half the 1,250 sq ft principal dwelling). Lot size: 7,217 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.