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Active Under Contract

31 Eastern Avenue, Essex MA 01929

$689,000

Estimated $2,051/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $344,500

Total Rent: 0/year

Estimated CAP Rate:

4 Bedrooms

Baths

2572

Total Parking: 7 (1 Garage)

16,640 (0.38)

Whether you're a homeowner seeking flexibility or an investor looking for opportunity, this property invites you to explore its many possibilities.This versatile property sits on .38 acres, with plenty of off-street parking, directly across from the scenic Essex Marsh, just moments from the causeway’s beloved restaurants and charming antique shops. The two-family home includes a freestanding garage with flexible overhead space, offering a range of possibilities for storage, a studio, or future expansion. Perfect for an owner-occupant, the home can function as a spacious single-family residence or provide supplemental rental income from the second unit. With thoughtful updates or a creative reconfiguration, the property may offer even greater potential.

This home has been viewed 2 times

Last Checked: May 14th, 2026 at 11:33am (Source: MLS PIN #73507889)

Gross Income: $0

Gross Expenses: $11,202

Net Income Calc: $11,202

Annual Expenses for 31 Eastern Avenue, Essex MA 01929

Total Gross Expenses (Calculated)$11,202/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax11202

Annual Income & Unit Breakdown for 31 Eastern Avenue, Essex MA 01929

Total Gross Income (Calculated)$0

Unit 1

Rental Income$0

LeaseN

Bedrooms1

Bathrooms1 Full, 1 Half

Floor1

Levels in Unit2

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms3

Bathrooms2 Full

Floor2

Levels in Unit2

Rent Includes

General Information for 31 Eastern Avenue, Essex MA 01929

Listing ID73507889

Property TypeMulti Family / 2 Family

Price689000 ($267.88/SqFt)

Style2 Family - 2 Units Up/down

CityEssex

CountyEssex

Neighborhood(s)Ipswich

Approximate Living Area Total2572

Approximate Lot Size (Acres)0.38

Total Parking7 (1 Garage)

Garage Parking1

Year Built1900

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor SpaceCovered

ZoningRS2

Water Views

Water Views Features

Waterfront0

Waterfront FeaturesRiver

Terms

Disclosures for 31 Eastern Avenue, Essex MA 01929

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsPersonal Items And Furniture Are Excluded Including Mounted Tv In Kitchen.

Financial Data SourceEstimated

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Compensation Based On

Financial Information for 31 Eastern Avenue, Essex MA 01929

Real Estate Taxes11202

Tax Year2026

Assessed Value$723,600

Financial Data SourceEstimated

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 31 Eastern Avenue, Essex MA 01929

Elementary SchoolEssex Elementary

Middle SchoolMersd

High SchoolMersd

Neighborhood(s)Ipswich

Area AmenitiesWalk/jog Trails

Contact Information for 31 Eastern Avenue, Essex MA 01929

Agent

Name: Marianne Round

Office

Name: Coldwell Banker Realty - Manchester

Phone: 978-526-7572

Team Members

Payment Calculator

, Interest

Property Taxes 933.5

Principal & Interest 4245.4

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Coldwell Banker Realty - Manchester

Marianne Round

Agent Phone

Office Phone

(978) 526-7572

Text Agent Call Agent Call Office

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EXIT

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