
5 Landing Rd Essex — Photo 1 of 32
$1,300,000
Investment Analysis — 5 Landing Rd
Essex, MA 01929
Based on rent reported on the MLS listing, a 2-unit multi-family in 01929 carries $12,749/mo in gross rent — about a 7.82% cap rate and $101,716/yr in estimated NOI at the $1,300,000 list price. Adjust every assumption in the calculator below.
Beds
5
Baths
5
SqFt
3,248
Style
2 Family - 2 Units Side by Side
Built
2003
This unique property offers two side-by-side attached townhomes, each with its own private entrance and garage space! Sunny, bright, and airy with oversized windows, an open floor plan, and a large new deck overlooking a beautiful wooded setting. Perfect for multi-generational living, an owner-occupant looking to offset expenses, or an investor seeking a great opportunity in one of Cape Ann's most sought-after towns. Enjoy a public boat launch just minutes away, hiking trails right across the street, and a short walk to downtown Essex. Built from the ground up just 20 years ago, both units have been tastefully renovated and exceptionally well maintained. Unit 1 features a private garage, two private entrances, and an open kitchen, living, and dining area, along with a half bath on the main level. The second floor offers two spacious bedrooms, 2 full baths, office space, and private attic storage. Unit 2 also includes a private garage and entrance, plus a large versatile lower-level room ideal for guests, a home office, family room, or additional bedroom space and a full bath on main floor. Upstairs you'll find two bedrooms and two full baths. Both units enjoy access to an expansive new deck overlooking beautiful natural surroundings filled with wildlife, creating a peaceful and private setting that's increasingly hard to find. All this along with one of the best public school systems in the state ranked in top tier: Manchester-Essex!
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.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Geography
Listing Agent: Jeremy Mcelwain
Listing Office: Coldwell Banker Realty - Manchester
MLS® Number: 73583284








