1 Main Street Essex — Photo 1 of 29
$1,150,000
Investment Analysis — 1 Main Street
Essex, MA 01929
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 6-bedroom in 01929 carries an estimated $3,390/mo in gross rent — about a 1.35% cap rate and $15,472/yr in estimated NOI at the $1,150,000 list price. Adjust every assumption in the calculator below.
Beds
6
Baths
3
SqFt
3,991
Style
Single Family
Built
1835
A truly unique offering that combines historic grandeur, modern updates, and exciting investment potential. This is a rare opportunity to own a distinguished Georgian-era residence in the heart of downtown Essex. Built in 1835, the stately home proudly showcases elegance and true craftsmanship in period details throughout. The residence offers a captivating glimpse into American history with its preserved architectural features and timeless character. 11 fireplaces grace the home, adding warmth and charm to nearly every room. Inside, you’ll find oversized rooms, soaring ceilings, abundant storage, and large windows with gorgeous and operating Indian shutter filling spaces with natural light. Thoughtful updates include a newer roof, kitchen, heating system, electrical work, and weatherization providing modern comfort while preserving the home’s historic appeal.
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 3,991 sq ft principal dwelling). Lot size: 22,390 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.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater • Range • Dishwasher • Disposal • Microwave • Dryer • ENERGY STAR Qualified Refrigerator • ENERGY STAR Qualified Dishwasher • Second Dishwasher • Stainless Steel Appliance(s) • Plumbed For Ice Maker
Neighborhood
Park • Walk/Jog Trails • Stable(s) • Golf • Bike Path • Conservation Area
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,FirstCloset/Cabinets - Custom Built, Flooring - Wood, Wainscoting, Lighting - Sconce, Decorative Molding
Dining Room
Lvl Main,FirstCloset, Closet/Cabinets - Custom Built, Window(s) - Bay/Bow/Box, Open Floorplan, Wainscoting
Kitchen
Lvl Main,FirstSkylight, Closet/Cabinets - Custom Built, Flooring - Wood, Window(s) - Picture, Countertops - Stone/Granite/Solid, French Doors, Kitchen Island, Breakfast Bar / Nook, Cabinets - Upgraded, Deck - Exterior, Exterior Access, Open Floorplan, Remodeled, Stainless Steel Appliances
Family Room
Lvl Main,FirstFlooring - Wood, High Speed Internet Hookup
Master Bedroom
Lvl Main,FirstBathroom - Full, Closet - Linen, Closet, Flooring - Wood
Bedroom 2
Lvl Main,FirstBedroom 3
Lvl SecondBathroom - Full, Fireplace, Closet - Linen, Closet, Flooring - Wood
Bedroom 4
Lvl SecondFireplace, Walk-In Closet(s), Flooring - Wall to Wall Carpet
Bedroom 5
Lvl SecondBathroom - Full, Fireplace, Closet, Flooring - Wood
Bathroom 1
Lvl Main,FirstBathroom - Full, Bathroom - With Tub, Skylight, Flooring - Stone/Ceramic Tile
Bathroom 2
Lvl SecondBathroom - Full, Bathroom - Tiled With Shower Stall, Closet/Cabinets - Custom Built, Flooring - Stone/Ceramic Tile, Remodeled
Bathroom 3
Lvl SecondBathroom - Full, Flooring - Stone/Ceramic Tile
Listing Agent: Julia Virden
Listing Office: J. Barrett & Company
MLS® Number: 73538674
