262 Essex St Swampscott — Photo 1 of 38
$720,000
Investment Analysis — 262 Essex St
Swampscott, MA 01907
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 01907 carries an estimated $4,090/mo in gross rent — about a 4.02% cap rate and $28,931/yr in estimated NOI at the $720,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
1.5
SqFt
1,998
Style
Single Family
Built
1920
First-time homebuyers, take notice! This spacious home offers an exceptional opportunity to build equity while making it your own. Featuring four bedrooms, one-and-a-half baths, and three levels of living space, the home boasts generously proportioned rooms, high ceilings, abundant closet space, beautiful hardwood floors, and ceiling fans throughout.Car enthusiasts and hobbyists will appreciate the rare stone garage, offering parking for up to three vehicles, a dedicated workshop, and an attached screened room. Situated on a generous 13,000+ square-foot lot, the property also provides plenty of open yard space for outdoor activities, gardening, and entertaining. Conveniently located approximately an eight-minute walk from the commuter rail, one block from Swampscott High School, and about a mile from Vinnin Square, this home combines space, potential, and accessibility in a desirable 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: 900 sq ft (the lesser of 900 sq ft or half the 1,998 sq ft principal dwelling). Lot size: 13,726 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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Gas Water Heater • Range • Refrigerator
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Listing Agent: Ginglelerman Realty Group
Listing Office: William Raveis R.E. & Home Services
MLS® Number: 73576674