
38 Eastman Ave Swampscott — Photo 1 of 39
Recent Drop: $85,000
$675,000
Investment Analysis — 38 Eastman Ave
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 4.04% cap rate and $27,257/yr in estimated NOI at the $675,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1.5
SqFt
1,191
Style
Single Family
Built
1900
PRICED TO SELL!This distinctive single-family home offers versatile living spaces and a range of convenient features for its future owners. The property includes three spacious bedrooms, one and a half bathrooms, a central HVAC system installed in 2025, and a roof replaced approximately eight years ago.The interior features extensive insulation, recessed lighting, ceiling fans, bay windows, and a well-appointed kitchen with custom cabinetry, a skylight, a double dishwasher, an oversized refrigerator, a gas range with a double oven, and granite countertops. Some of the three upstairs bedrooms includes a motorized skylight and ceiling fan, as well as access to a spacious, finished attic currently used for storage. Additional living and storage space is available in the heated basement and three-season porch. Solar panels have helped reduce energy costs. Outside, the large, level, fenced-in yard provides ample space for entertaining, relaxing, recreational activities, and landscaping projects. The property also includes a generous driveway and a garage currently used for storage. Ideally located just minutes from the beach, commuter rail, shops, restaurants, and the new Swampscott Center for the Performing Arts, the home provides convenient access to the surrounding area. Logan International Airport is approximately 25 minutes away, and major routes—including Route 1A, Route 129, Interstate 95, and Route 128—are nearby. Some photographs have been enhanced using AI.
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: 596 sq ft (the lesser of 900 sq ft or half the 1,191 sq ft principal dwelling). Lot size: 9,187 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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Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater • Range • Dishwasher • Disposal • Microwave • Refrigerator • Vacuum System • Range Hood
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Golf • Medical Facility
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstFlooring - Hardwood, Window(s) - Bay/Bow/Box
Dining Room
Lvl FirstFlooring - Hardwood, Lighting - Pendant, Decorative Molding
Kitchen
Lvl FirstSkylight, Ceiling Fan(s), Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Kitchen Island, Cabinets - Upgraded, Exterior Access, Recessed Lighting, Stainless Steel Appliances, Gas Stove
Family Room
Lvl FirstSkylight, Ceiling Fan(s), Flooring - Hardwood, Recessed Lighting, Pocket Door
Master Bedroom
Lvl SecondCeiling Fan(s), Flooring - Wall to Wall Carpet, Recessed Lighting
Bedroom 2
Lvl SecondBedroom 3
Lvl SecondFlooring - Wall to Wall Carpet, Window(s) - Picture, Recessed Lighting
Bathroom 1
Lvl FirstBathroom - Full, Flooring - Vinyl
Bathroom 2
Lvl SecondBathroom - Half, Flooring - Vinyl
Property History
$675,000
Was $730,000
Sep 3, 2026
MLS® 73558547
$730,000
Was $760,000
Aug 23, 2026
MLS® 73558547
$760,000
Aug 3, 2026
MLS® 73558547
Listing Agent: Lizete Alcalainichols
Listing Office: RE/MAX 360
MLS® Number: 73558547
