19 Eastern Ave Essex — Photo 1 of 20
$675,000
Investment Analysis — 19 Eastern Ave
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 $5,120/mo in gross rent — about a 5.54% cap rate and $37,391/yr in estimated NOI at the $675,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
2
SqFt
2,392
Style
2 Family - 2 Units Side by Side
Built
1830
Welcome to 19 Eastern Ave in Essex, a versatile two-family home offering a great opportunity for owner-occupants, investors, or buyers looking for additional living space and rental income potential. Each unit offers its own living space and plenty of possibilities to make the property your own. The home is in need of repairs and updating, providing an opportunity for the next owner to improve the property over time and add value. Please note, due to its current condition, the property will not qualify for FHA financing. Conveniently located near downtown Essex, local restaurants, shops, and everything the North Shore has to offer. A great opportunity to own a two-family in a desirable Essex location.
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 MLS and other third-party data may be inaccurate or out of date.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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Listing Agent: The Sarkis Team
Listing Office: Douglas Elliman Real Estate - The Sarkis Team
MLS® Number: 73565645
