
4 Farragut Rd #2 Ipswich — Photo 1 of 33
$429,000
Investment Analysis — 4 Farragut Rd #2
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 3.43% cap rate and $14,703/yr in estimated NOI at the $429,000 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
1
SqFt
1,117
Style
Condominium
Built
1930
Beautifully renovated and exceptionally located, this two-bedroom condo offers stylish, low-maintenance living in the heart of downtown Ipswich. The thoughtfully updated interior feels fresh, polished and move-in ready, with an open living layout designed for both everyday comfort and entertaining. The gorgeous kitchen offers gas cooking, abundant cabinetry, island seating and plenty of space for a full dining area. A cozy office provides a comfortable spot to work from home or settle in with a book. Additional highlights include in-unit laundry, a subway-tiled glass shower and central air for year-round comfort. Dedicated basement storage provides plenty of room for seasonal items, beach gear and more, while the pet-friendly association makes it easy to bring your four-legged companion along, too. Best of all is the location: enjoy quick access to Ipswich’s restaurants, cafés, shops, breweries and local favorites, with the commuter rail just moments away for an easy trip into Boston. After work, leave the car behind and enjoy everything downtown has to offer—or take advantage of the resident Crane Beach sticker and head to one of the North Shore’s most beautiful beaches. Whether you’re commuting to the city, looking to simplify, or hoping for a weekend home base near the coast, 4 Farragut Road Unit 2 offers a rare combination of beautiful renovations, everyday convenience and an unbeatable Ipswich lifestyle.
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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Lvl SecondDining Room
Lvl SecondKitchen
Lvl SecondOffice
Lvl SecondPrimary Bedroom
Lvl SecondBedroom 2
Lvl SecondBathroom 1
Lvl SecondListing Agent: Alexis Surpitski Macintyre
Listing Office: Ocean's Edge Real Estate
MLS® Number: 73577049