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1 Main St, Essex MA 01929

$1,990,000

Estimated $4,220.11/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $995,000

Total Rent: 51600/year

Estimated CAP Rate: 1.99%

6 Bedrooms

3 Full Baths

3,991 SqFt

Total Parking: 10

22,380 SqFt

This charming residence at One Main Street effortlessly blends comfort, style, and convenience in a prime location. Built in 1836, during the height of the ship building era, the home beautifully reflects its historic roots while offering modern amenities. As you enter, you’re greeted by a spacious, open floor plan ideal for both relaxation and entertaining. The modernized kitchen retains its period charm while providing contemporary comforts — featuring updated cabinets, countertops, and appliances, ample storage, and a central island with a breakfast bar overlooking the deck and backyard.The home offers generously sized bedrooms, including a master suite with a private bath. Recent upgrades include energy-efficient windows, fresh paint, and wide pine floors throughout, adding warmth and character. Additional spaces include a dedicated office and an accessory three-room apartment, ideal for guests, extended family, or rental opportunities.

This home has been viewed 37 times

Last Checked: November 21st, 2025 at 5:53am (Source: MLS PIN #73442603)

Gross Income: $51,600

Gross Expenses: $11,920

Net Income Calc: $39,680

CAP Rate: 1.99%

Annual Expenses for 1 Main St, Essex MA 01929

Total Gross Expenses (Calculated)$11,920/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$11,920

Annual Income & Unit Breakdown for 1 Main St, Essex MA 01929

Total Gross Income (Calculated)$51,600

Unit 1

Rental Income$0

LeaseN

Bedrooms4

Bathrooms2 Full

Floor2

Levels in Unit2

HeatingYes

Rent IncludesHot Water, Unit 1(heat, None)

Unit 2

Rental Income$2,000

LeaseN

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesHot Water, Unit 1(heat, None)

General Information for 1 Main St, Essex MA 01929

Listing ID73442603

Property TypeMulti Family

Price$1,990,000 ($498.62/SqFt)

StyleMulti Family

CityEssex

CountyEssex

MLS Area

Neighborhood(s)Ipswich

Approximate Living Area Total3,991 SqFt

Approximate Lot Size (Acres)0.51 acres

Total Parking10

Garage Parking

Year Built1836

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual,Approximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame, Stone, Post & Beam

Lot FeaturesLevel, Corner Lot

Foundation Area1968

Foundation DescriptionStone,Granite

Accessible Features

Outdoor Space

ZoningRS2

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy FeaturesInsulated Windows, Storm Window(s)

Terms

Disclosures for 1 Main St, Essex MA 01929

Lead Paint

UFFINo

Living Area Includes BasementNo

Living Area Disclosure3 Room apartment with separate etry

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$54,000

Total Net Income By Broker$54,000

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation

Facilitator Compensation

Sub-Agent Compensation

Compensation Based On

Financial Information for 1 Main St, Essex MA 01929

Real Estate Taxes$11,920

Tax Year2025

Assessed Value$1,021,000

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$54,000

BostonRealEstate.com Gross Income

Total Net Income By Broker$54,000

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)1.99%

Location Information for 1 Main St, Essex MA 01929

Elementary SchoolMan/Esx Reg El

Middle SchoolMan/Esx Reg Ms

High SchoolMan/Esx Reg Hs

Neighborhood(s)Ipswich

MLS Area

Area AmenitiesHighway Access, House Of Worship, Public School, Shopping, Golf, Medical Facility, Public Transportation, Marina, Private School

Contact Information for 1 Main St, Essex MA 01929

Agent

Name: Richard Tomaiolo

Office

Name: Essex Realty Group

Phone: 978-857-6421

Payment Calculator

, Interest

Property Taxes 993.33

Principal & Interest 12261.75

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Essex Realty Group

Richard Tomaiolo

Agent Phone

Office Phone

(978) 857-6421

Text Agent Call Agent Call Office

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EXIT