Investment Analysis — 17 Howe St

Ipswich, MA 01938

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 01938 carries an estimated $3,080/mo in gross rent — about a 5.08% cap rate and $21,826/yr in estimated NOI at the $429,999 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

2.5

SqFt

1,900

Style

Single Family

Built

1962

***OPEN HOUSE Tuesday 10/6 12-1pm!*** Looking for your next opportunity? Contractors and investors, here is an opportunity for you! Single family home on a 0.36-acre parcel in Ipswich, offered as-is and priced accordingly. This 1900 sf house is a 3 bed and 2.5 bath.. The garage/barn is attached to the house with a breezeway and the unfinished loft offers opportunity for an ADU or additional living space. Here is your fixer-upper with solid potential and will likely not qualify for conventional financing. SOLD AS IS. ***Showings only at the Open House.***

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 1,900 sq ft principal dwelling). Lot size: 15,000 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 MLS and other third-party data may be inaccurate or out of date.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.