
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.
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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
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
Living Room
Lvl Main,First13.583333333 x 14
Flooring - Hardwood, Open Floorplan, Recessed Lighting
Dining Room
Lvl FirstKitchen
Lvl Main,First15.416666666 x 15.166666666
Flooring - Hardwood, Countertops - Stone/Granite/Solid, Kitchen Island, Cabinets - Upgraded, Exterior Access, Open Floorplan, Gas Stove, Lighting - Pendant
Office
Lvl Main10.833333333 x 12.5
Flooring - Hardwood
Master Bedroom
Lvl Main,First15.083333333 x 15.25
Vaulted Ceiling(s), Walk-In Closet(s), Flooring - Hardwood, Deck - Exterior, Recessed Lighting
Bedroom 2
Lvl Main,First11.5 x 10.333333333
Bathroom 1
Lvl Main,First8.416666666 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 Agent: Christian Murray
Listing Office: First Priority Realty, Co.
MLS® Number: 73562032
