Active
32 Days on market
50 Market Street #5 Ipswich — Photo 1 of 26

50 Market Street #5 Ipswich — Photo 1 of 26

$699,000

Investment Analysis — 50 Market Street #5

Ipswich, MA 01938

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-bedroom in 01938 carries an estimated $2,560/mo in gross rent — about a 1.86% cap rate and $13,012/yr in estimated NOI at the $699,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

2

Baths

1

SqFt

1,278

Style

Condominium

Built

2022

Welcome to the penthouse at 50 Market Street, Unit 5, where modern living, downtown convenience, and the best of the North Shore come together. Rebuilt in 2022, this top-floor residence offers 1,278 square feet of thoughtfully designed living space with two bedrooms, a dedicated home office, and a bright, open-concept layout that feels both spacious and inviting. Hardwood floors flow throughout, complemented by crisp white shaker cabinetry, stainless steel appliances, and abundant natural light. Spacious closets throughout provide excellent storage, while the additional office offers valuable flexibility for working from home, a guest space, or whatever fits your lifestyle.One of the home's standout features is its connection to the outdoors. Step outside to not one, but two private decks, creating the perfect spaces for morning coffee, summer dinners, entertaining friends, or simply unwinding at the end of the day. In-unit laundry, two off-street parking spaces, and dedicated storage within the building make everyday living remarkably easy.And then there’s the location. Leave the car at home and enjoy the restaurants, shops, cafés, and character of downtown Ipswich just outside your door, with local favorites like Luna Mare just minutes away and the commuter rail nearby for an easy connection to Boston. When the weekend arrives, you’re just 4 miles from Pavilion Beach, with beach access reserved for Ipswich residents, 5 miles from the iconic Crane Beach, 2.5 miles from Turner Hill Golf Club, 6 miles from Ipswich Country Club, and only 10 minutes from the Topsfield Fairgrounds.Whether you're looking for a coastal North Shore home, a convenient commuter location, or simply newer construction without the maintenance of an older property, Unit 5 offers a rare combination of space, style, storage, outdoor living, and location. This is downtown Ipswich living done right.

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.

Property Details

Financials

Original Price$699,000
Annual Taxes$7,335
HOA Fee$250

Parking

Garage0
Off-Street2

Interior Specifications

Total Rooms5
FireplacesNone
FlooringTile, Hardwood, Flooring - Hardwood
BasementN

Climate & Utilities

HeatingForced Air
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
Foundation--
ZoningCB

Property & Lot

Acres--
SqFt Lot--
Lot Features--

Amenities & Appliances

Range • Dishwasher • Disposal • Refrigerator • Washer • Dryer • Range Hood

Neighborhood

Public Transportation • Shopping • Walk/Jog Trails • Stable(s) • Golf • Bike Path

Geography

Floorplan Breakdown

Structural Layout

First
Dining Room
Main,First
Living RoomKitchenMaster BedroomBedroom 2Bathroom 1
Main
Office
Living Room
Lvl Main,First

13.583333333 x 14

Flooring - Hardwood, Open Floorplan, Recessed Lighting

Dining Room
Lvl First
Kitchen
Lvl Main,First

15.416666666 x 15.166666666

Flooring - Hardwood, Countertops - Stone/Granite/Solid, Kitchen Island, Cabinets - Upgraded, Exterior Access, Open Floorplan, Gas Stove, Lighting - Pendant

Office
Lvl Main

10.833333333 x 12.5

Flooring - Hardwood

Master Bedroom
Lvl Main,First

15.083333333 x 15.25

Vaulted Ceiling(s), Walk-In Closet(s), Flooring - Hardwood, Deck - Exterior, Recessed Lighting

Bedroom 2
Lvl Main,First

11.5 x 10.333333333

Bathroom 1
Lvl Main,First

8.416666666 x 10.333333333

Bathroom - Full, Bathroom - Tiled With Shower Stall, Closet - Linen, Flooring - Stone/Ceramic Tile, Window(s) - Picture, Enclosed Shower - Fiberglass, Lighting - Pendant

Listing Provided By

Listing Agent: Christian Murray

Listing Office: First Priority Realty, Co.

MLS® Number: 73562032