Active

14 Days on market

8 Patriots Lndg #8 Essex — Photo 1 of 42

$675,000

Investment Analysis — 8 Patriots Lndg #8

Essex, MA 01929 — Essex Falls

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 01929 carries an estimated $3,080/mo in gross rent — about a 3.18% cap rate and $21,493/yr in estimated NOI at the $675,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

1,367

Style

Single Family

Built

1987

Welcome to this well-maintained 3-bedroom, 2-bath home tucked away in a peaceful Essex setting. Thoughtfully cared for over the years, the home features a bright and airy main living level, where vaulted ceilings and skylights bring in an abundance of natural light, along with hardwood floors and a comfortable, functional layout. In addition to the approximately 1,367 sq. ft. of above-grade living area, the finished, heated walkout lower level provides valuable additional space not included in the stated square footage—ideal for a family room, home office, gym, playroom or guest space. Enjoy outdoor living on the large private rear deck or relax on the charming front porch. Recent improvements include bathrooms completed in 2014/2015, roof in 2017, two skylights in 2022 and a hot water heater in 2024. With no traditional monthly HOA fee, two parking spaces and a quiet private-road setting, this is a wonderful opportunity to enjoy all that Essex has to offer while making the space your own. Some photos have been virtually staged to illustrate potential furniture placement and use of space.

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: 684 sq ft (the lesser of 900 sq ft or half the 1,367 sq ft principal dwelling). Lot size: 39,988 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.