162 Main St Essex — Photo 1 of 26
Recent Drop: $70,000
$625,000
Investment Analysis — 162 Main St
Essex, MA 01929
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 1-bedroom in 01929 carries an estimated $2,160/mo in gross rent — about a 1.59% cap rate and $9,960/yr in estimated NOI at the $625,000 list price. Adjust every assumption in the calculator below.
Beds
1
Baths
1
SqFt
1,114
Style
Single Family
Built
1963
In the heart of Essex Village, this beautifully renovated cedar shingle style property offers a rare opportunity for residential conversion or a live/work space. Currently set up as a bakery and coffee shop, the space blends timeless New England character with thoughtful modern upgrades. The interior features soaring cathedral ceilings, oversized windows, and an open layout well suited for reimagining as a residence, studio, gallery, or private live/work space. Extensive renovations include all new plumbing and electrical systems, ADA compliance, mini-split climate control, and new windows throughout. The rear patio overlooking the Great Marsh offers an extraordinary outdoor setting with sweeping natural views. Three dedicated parking spaces and close proximity to Essex’s shops, dining, marinas, and outdoor recreation complete the offering. An exceptional opportunity to create a truly unique coastal home or creative retreat in one of the North Shore’s most loved seaside villages.
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: 557 sq ft (the lesser of 900 sq ft or half the 1,114 sq ft principal dwelling). Lot size: 6,098 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
Electric Water Heater
Neighborhood
Shopping • Walk/Jog Trails • Stable(s) • Golf • Conservation Area • Highway Access
Geography
Property History
$625,000
Was $695,000
May 20, 2026
MLS® 73457077
$695,000
Nov 21, 2025
MLS® 73457077
$625,000
Sep 5, 2025
MLS® 73426703
$1,200
Apr 13, 2010
MLS® 71052782
$1,200
Mar 24, 2010
MLS® 71052782
Listing Agent: Monahan Barker Team
Listing Office: LandVest, Inc., Ipswich
MLS® Number: 73457077
