140 High Street Ipswich — Photo 1 of 33
$1,200,000
Investment Analysis — 140 High Street
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 1.74% cap rate and $20,844/yr in estimated NOI at the $1,200,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1.5
SqFt
1,615
Style
Single Family
Built
1955
Rare commercial development opportunity on highly traveled Route 133! Positioned directly between Ipswich High/Middle School and the primary Ipswich Shopping Plaza, this prime approx. 1-acre lot (43,400 sq ft) offers high-visibility, exceptional traffic counts, and constant daily exposure. Zoned Highway Business (HB), the site boasts flexible development possibilities including multi-family, condominium, retail, and mixed use. Allowed Uses under Ipswich HB Zoning include Medical & Professional: Urgent care, dental clinics, banks, real estate, legal, and corporate offices. Other potential uses include Restaurants/cafes with indoor seating, Hotels/Motels, and Mini-storage warehouses Capitalize on a captive customer base generated by local school traffic, shoppers, and North Shore commuters. Easy access to Route 1 and Downtown Ipswich. Buyer to complete standard due diligence with Town Planning Board regarding specific site plans. Exceptional potential in a premier location!
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: 808 sq ft (the lesser of 900 sq ft or half the 1,615 sq ft principal dwelling). Lot size: 43,400 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.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Neighborhood
Shopping
Geography
Property History
$1,200,000
Sep 14, 2026
MLS® 73576902
$1,200,000
Sep 14, 2026
MLS® 73576908
Listing Agent: Linda C. Szydlo
Listing Office: Churchill Properties
MLS® Number: 73576902