354 Essex Swampscott — Photo 1 of 40
$749,000
Investment Analysis — 354 Essex
Swampscott, MA 01907
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 01907 carries an estimated $3,700/mo in gross rent — about a 3.60% cap rate and $26,952/yr in estimated NOI at the $749,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1
SqFt
1,194
Style
Single Family
Built
1890
This is the one! Come view this charming 3 Bedroom Swampscott single family with historic charm! This home features a formal dining room, eat-in kitchen, spacious sunroom, 3 Bedrooms, beautiful hardwood flooring, large bathroom and more! Massive 2 car garage for storage and a large driveway with ample parking space. Spacious walk-out basement creates plenty of additional living space and ADU possibilities! Perfect for the large or growing family. Many updates including new roof, updated electrical and windows. This cozy home is located just steps away from some of Swampscott's many parks and less than a mile from the MBTA commuter rail station, offering a quick 25-minute train ride to North Station. Beaches and the entertaining downtown area are just a mile and a half away! This listing has it all. Location, Size and Price! Do not miss out!
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: 597 sq ft (the lesser of 900 sq ft or half the 1,194 sq ft principal dwelling). Lot size: 7,623 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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Gas Water Heater • Range • Dishwasher • Microwave • Refrigerator • Washer • Dryer
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Public Transportation • Shopping • Park • Walk/Jog Trails • Medical Facility • Laundromat
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Listing Agent: Radhy Pena
Listing Office: Pondside Realty
MLS® Number: 73573511
