
117 High Street #2 Ipswich — Photo 1 of 29
$599,000
Investment Analysis — 117 High Street #2
Ipswich, MA 01938
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-bedroom in 01938 carries an estimated $2,560/mo in gross rent — about a 2.13% cap rate and $12,758/yr in estimated NOI at the $599,000 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
2
SqFt
1,137
Style
Condominium
Built
1886
Welcome home to this beautifully maintained first-floor condo nestled in a charming brick building. Thoughtfully updated and move-in ready, this inviting home features a whole-condo water filtration system, two bedrooms, one on the first floor, with 2 upgraded bathrooms, and custom window shades throughout that add both style and privacy.The updated bathrooms offers modern finishes, while the freshly painted interior provides a bright, clean feel throughout. One of the home's standout features is the incredible workshop and storage area—a dream space for hobbyists, DIY enthusiasts, or anyone needing exceptional storage. But even better, when you step outside you get the feeling of privacy while you stand on your deck, complete with a retractable awning, creating the perfect setting for morning coffee, outdoor dining, or relaxing in the shade. Additional highlights include two deeded parking spaces, offering convenience that is hard to find. Combining comfort, functionality, and exceptional outdoor living, this condo is a rare opportunity you won't want to miss!
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 MLS and other third-party data may be inaccurate or out of date.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.
Open Houses
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Microwave • Refrigerator • Washer • Dryer • Washer/Dryer
Neighborhood
Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails • Stable(s)
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstFlooring - Wood
Kitchen
Lvl Main,FirstWindow(s) - Bay/Bow/Box, Dining Area, Deck - Exterior, Gas Stove
Master Bedroom
Lvl FirstFlooring - Wood, Cable Hookup
Bedroom 2
Lvl SecondBathroom 1
Lvl FirstBathroom - Full
Bathroom 2
Lvl SecondBathroom - Full
Listing Agent: Diane Mayo
Listing Office: Lamacchia Realty, Inc.
MLS® Number: 73555498
