1 Main Street Essex — Photo 1 of 30
$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 2-unit multi-family in 01929 carries an estimated $5,550/mo in gross rent — about a 3.06% cap rate and $35,171/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
Multi 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.
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 MLS and other third-party data may be inaccurate or out of date.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
Plumbed For Ice Maker
Neighborhood
Park • Walk/Jog Trails • Stable(s) • Golf • Bike Path • Conservation Area
Geography
Listing Agent: Julia Virden
Listing Office: J. Barrett & Company
MLS® Number: 73538691
