164 Burrill St Swampscott — Photo 1 of 40
$519,000
Investment Analysis — 164 Burrill St
Swampscott, MA 01907
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 01907 carries an estimated $4,090/mo in gross rent — about a 5.73% cap rate and $29,763/yr in estimated NOI at the $519,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
1.5
SqFt
1,875
Style
Single Family
Built
1885
Bring your vision—and your contractor! This 1885 home is ready for a complete transformation and offers an opportunity to reimagine a property near both the beach and commuter rail. Owned by the same family since 1946, the home features 4 beds, 2 additional "bonus rooms", 1.5 baths and a large lot. Reportedly used as a two-family in the past, plumbing and gas lines for a second unit remain in place, offering intriguing possibilities for a buyer to explore. Period details including high ceilings, crown moldings, built-ins, arched doorways and glass doors provide a glimpse of the home’s original character and could be incorporated into a thoughtful renovation. Windows and siding were replaced in the 1990s; roof and heating system are approximately 20+ years old; hot water heater was replaced in 2024. This is not a cosmetic project—it’s an opportunity for a buyer, builder or renovator to start with a blank canvas and bring an 1885 home back to life.
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 1,875 sq ft principal dwelling). Lot size: 8,363 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.
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Range • Dishwasher • Refrigerator • Washer • Dryer
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Public Transportation • Shopping • Park • Medical Facility • House of Worship • Public School
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Living Room
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Lvl SecondListing Agent: Emily Gaffney
Listing Office: RE/MAX Beacon
MLS® Number: 73582760
