Investment Analysis — 23 South Main St #5

Ipswich, MA 01938

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 1-bedroom in 01938 carries an estimated $2,160/mo in gross rent — about a 3.76% cap rate and $13,128/yr in estimated NOI at the $349,000 list price. Adjust every assumption in the calculator below.

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Beds

Baths

SqFt

542

Style

Condominium

Built

2008

Located in the heart of downtown Ipswich, just over the iconic Choate Bridge on South Main Street, this spacious 1-bedroom offers an open floor plan, a large bedroom with walk-in closet, oversized bathroom, and convenient in-unit laundry. Lots of storage in both the unit and building, plus direct access to the Ipswich River and a front-row seat to the annual Ipswich Illuminations event. Walk to the train station, morning coffee, restaurants, and shops. Move-in ready and an excellent opportunity for both owner-occupants and investors looking for a well-located property in downtown Ipswich. Are you going to claim this Resident Crane Beach sticker? Showing by appointment only.

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 MLS and other third-party data may be inaccurate or out of date.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.