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Well-located four-family investment property in the heart of Ipswich, offering a desirable unit mix and consistent rental appeal. The property consists of three 1-bedroom units and one 2-bedroom unit, all featuring updated finishes including stainless steel appliances. Ample off-street parking adds to tenant convenience and overall desirability. Positioned just minutes from downtown Ipswich and the MBTA Commuter Rail station, this location provides easy access to local shops, restaurants, and commuter routes. A turnkey opportunity for investors seeking stable income with long-term upside in a strong North Shore market.

More Info

Basic Information

  • Contingency Inspection
  • Gross Income $104,040
  • Mls StatusUnder Agreement
  • Parcel Number M:41B B:0194 L:0,1955956

Tax Information

  • Tax Assessed Value $826,400
  • Tax Year 2025
  • Taxes$9,214

Parking

  • Open Parking YN Yes
  • Parking Features Paved Drive, Off Street
  • Parking Spaces5

Rooms

  • Bathroom4
  • Bathrooms Total Decimal 4
  • Bedrooms5
  • Full Bath4

Basic Information

  • List Price$1,300,000
  • MLS Number73500699
  • Modification Date05/25/2026
  • Property SubType4 Family
  • Purchase Contract Date05/11/2026

Location

  • Address20-22 Lafayette Road
  • Building Number20-22
  • CountyEssex
  • StateMA
  • StreetLafayette Road
  • TownIpswich
  • Zip01938

Building

  • BasementFull, Unfinished
  • Building Area Units Square Feet
  • Construction Materials Frame
  • FoundationStone
  • Levels 4
  • Rooms14
  • Stories4
  • Units4
  • Year Built1930
  • Year Built Details Approximate
  • Year Built Source Public Records

Property

  • Acreage0.14

Exterior

  • RoofShingle

Utilities

  • Sewer Public Sewer
  • Water Source Public

Property Information

  • Building Area Source Public Records
  • Living Area 2,833
  • Lot Size Square Feet 6,047
  • Lot Size Units Acres
  • Square Feet2,833

Amenities

  • Amenities
    • House of Worship
    • Laundromat
    • Park
    • Public School
    • Public Transportation
    • Shopping
    • T-Station
    • Walk/Jog Trails
  • Other AmenitiesBasement

Legal

  • ZoningIR

Other

  • Date Listed04/13/2026
  • Farm Land Area Units Square Feet

Map Location

Driving Directions

Listed by Herrick Lutts Realty Partners of Herrick Lutts Realty Partners

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