Welcome to this two-family property nestled within the prestigious Frederick Law Olmsted Historic District. Close to the beach, restaurants, and shops! Unit 1 offers three bedrooms and easy access to a sprawling yard, perfect for outdoor gatherings and relaxation. It needs some work but it's well worth the effort for the equity build! There is a long-term TAW in Unit 1. Unit 2 is recently renovated and boasts three large bedrooms, a high-end gourmet kitchen ideal or culinary enthusiasts, a cozy fireplace for intimate evenings, cedar-lined closets and a generous private deck, offering the perfect setting for entertaining or enjoying serene sunsets. Experience the epitome of coastal living with this remarkable property, where historic charm meets modern luxury. There is garage parking, a big beautiful yard, and a newer roof. Collect income and offset your cost of living! Rent is below market due long-tern tenant. Condo docs in place for conversion if desire
This home has been viewed 30 times
Last Checked: July 20th, 2025 at 4:28am (Source: MLS PIN #73373422)
Gross Income: $28,800
Gross Expenses: $7,602
Net Income Calc: $21,198
CAP Rate: 2.23%
Annual Expenses for 167-169 Walker Rd, Swampscott MA 01907
Total Gross Expenses (Calculated)$7,602/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax$7,602
Annual Income & Unit Breakdown for 167-169 Walker Rd, Swampscott MA 01907
Total Gross Income (Calculated)$28,800
Unit 1
Rental Income$2,400
LeaseY
Bedrooms3
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingYes
Rent Includes
Unit 2
Rental Income$0
LeaseN
Bedrooms3
Bathrooms1 Full
Floor2
Levels in Unit2
HeatingYes
Rent Includes
General Information for 167-169 Walker Rd, Swampscott MA 01907
Listing ID73373422
Property TypeMulti Family
Price$949,000 ($352.53/SqFt)
StyleMulti Family
CitySwampscott
CountyEssex
MLS Area
Neighborhood(s)
Approximate Living Area Total2,692 SqFt
Approximate Lot Size (Acres)0.16 acres
Total Parking4 (2 Garage)
Garage Parking2 / Detached
Year Built1935
Year Built SourcePublic Records
Year Renovated
Year Built DetailsActual
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction Materials
Lot FeaturesWooded
Foundation Area
Foundation DescriptionStone
Accessible Features
Outdoor Space
ZoningA-2
Zoning Details
Water ViewsNo
Water Views Features
WaterfrontNo
Waterfront FeaturesOcean, Beach Ownership(public), 3/10 To 1/2 Mile To Beach
Energy Features
Terms
Disclosures for 167-169 Walker Rd, Swampscott MA 01907
Lead Paint
UFFI
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourceMeasured
Title 5
Exclusions
Disclosures
Financial Data Source
Total Gross Expenses By Broker$0
Total Gross Income By Broker$28,800
Total Net Income By Broker$28,800
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation
Facilitator Compensation
Sub-Agent Compensation
Compensation Based On
Financial Information for 167-169 Walker Rd, Swampscott MA 01907
Real Estate Taxes$7,602
Tax Year2024
Assessed Value$661,600
Financial Data Source
Total Gross Expenses By Broker$0
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker$28,800
BostonRealEstate.com Gross Income
Total Net Income By Broker$28,800
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
CAP Rate (BostonRealEstate.com)2.23%
Location Information for 167-169 Walker Rd, Swampscott MA 01907
Elementary School
Middle School
High School
Neighborhood(s)
MLS Area
Area AmenitiesWalk/jog Trails, Conservation Area, House Of Worship, Public School, Shopping, Park, Public Transportation
Contact Information for 167-169 Walker Rd, Swampscott MA 01907