
38 Eastman Ave Swampscott — Photo 1 of 39
Recent Drop: $25,100
$649,900
Investment Analysis — 38 Eastman Ave
Swampscott, MA 01907
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 01907 carries an estimated $3,700/mo in gross rent — about a 4.19% cap rate and $27,257/yr in estimated NOI at the $649,900 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1.5
SqFt
1,191
Style
Single Family
Built
1900
A FRESH PRICE!! This distinctive single-family home offers three spacious bedrooms, one and a half bathrooms, flexible living areas, thoughtful updates, and everyday convenience. Central HVAC was installed in 2025, and the roof was replaced approximately eight years ago. Extensive insulation, recessed lighting, ceiling fans, and charming bay windows add comfort, function, and character throughout. The inviting kitchen features custom cabinetry, a skylight, double dishwasher, oversized refrigerator, gas range with double oven, and granite countertops. Several upstairs bedrooms include skylights and ceiling fans, with access to a spacious finished attic currently used for storage. A heated basement and three-season porch provide additional versatile space. Solar panels help lower energy costs and support the home’s energy-conscious features. Outside, the large, level, fenced-in yard offers ample room for entertaining, relaxing, recreation, and landscaping. A generous driveway provides plenty of parking, while the garage is currently used for storage. Conveniently located near the beach, commuter rail, shops, restaurants, and the new Swampscott Center for the Performing Arts, the home is also approximately 25 minutes from Logan International Airport and close to Routes 1A and 129, Interstate 95, and Route 128. Some photographs have been enhanced using AI.
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: 596 sq ft (the lesser of 900 sq ft or half the 1,191 sq ft principal dwelling). Lot size: 9,187 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.
Immersive Experience
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater • Range • Dishwasher • Disposal • Microwave • Refrigerator • Vacuum System • Range Hood
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Golf • Medical Facility
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstFlooring - Hardwood, Window(s) - Bay/Bow/Box
Dining Room
Lvl FirstFlooring - Hardwood, Lighting - Pendant, Decorative Molding
Kitchen
Lvl FirstSkylight, Ceiling Fan(s), Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Kitchen Island, Cabinets - Upgraded, Exterior Access, Recessed Lighting, Stainless Steel Appliances, Gas Stove
Family Room
Lvl FirstSkylight, Ceiling Fan(s), Flooring - Hardwood, Recessed Lighting, Pocket Door
Primary Bedroom
Lvl SecondCeiling Fan(s), Flooring - Wall to Wall Carpet, Recessed Lighting
Bedroom 2
Lvl SecondBedroom 3
Lvl SecondFlooring - Wall to Wall Carpet, Window(s) - Picture, Recessed Lighting
Bathroom 1
Lvl FirstBathroom - Full, Flooring - Vinyl
Bathroom 2
Lvl SecondBathroom - Half, Flooring - Vinyl
Property History
$649,900
Was $675,000
Oct 1, 2026
MLS® 73558547
$675,000
Was $730,000
Sep 3, 2026
MLS® 73558547
$730,000
Was $760,000
Aug 23, 2026
MLS® 73558547
$760,000
Aug 3, 2026
MLS® 73558547
Listing Agent: Lizete Alcalainichols
Listing Office: RE/MAX Beacon
MLS® Number: 73558547








