48 County St Ipswich — Photo 1 of 42
Recent Drop: $50,000
$1,150,000
Investment Analysis — 48 County St
Ipswich, MA 01938
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 01938 carries an estimated $3,080/mo in gross rent — about a 1.86% cap rate and $21,347/yr in estimated NOI at the $1,150,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2.5
SqFt
1,984
Style
Single Family
Built
1995
Direct water access and an approved 14ft dock! Welcome to Lower Falls, a rare riverside retreat set directly along the scenic Ipswich River & Riverwalk. As soon as you arrive, you’ll be drawn to the ever-changing water views and peaceful sound of the river just outside your door. Sliding doors open to a beautiful deck overlooking the water, perfect for entertaining, or simply taking in the view. The harbormaster has approved a dock presenting an extraordinary opportunity for boating and waterfront enjoyment. This inviting home features a loft plumbed for a wet bar, offering flexible space for guests, a home office, or media lounge. Freshly painted and thoughtfully updated with a new roof and new HVAC, the property is move-in ready while still offering room to make it your own. Ideally located near downtown Ipswich, you’ll enjoy easy access to local shops, restaurants, and the MBTA commuter rail to North Station in Boston. A special opportunity to enjoy riverfront living in one of Ipswich’s most convenient and picturesque setting.
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 1,984 sq ft principal dwelling). Lot size: 1,650 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
Water Heater • Range • Dishwasher • Disposal • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Public School
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstFlooring - Hardwood, Deck - Exterior, Exterior Access, Open Floorplan
Dining Room
Lvl FirstFlooring - Hardwood, Open Floorplan
Kitchen
Lvl FirstFlooring - Hardwood
Master Bedroom
Lvl SecondBathroom - Full, Closet, Flooring - Hardwood
Bedroom 2
Lvl SecondBedroom 3
Lvl SecondCloset, Flooring - Hardwood
Property History
$1,150,000
Was $1,200,000
Sep 10, 2026
MLS® 73557128
$1,200,000
Jul 30, 2026
MLS® 73557128
Listing Agent: Andrea Lacroix
Listing Office: Churchill Properties
MLS® Number: 73557128
