3 Soffron Ln #1 Ipswich — Photo 1 of 22
$354,000
Investment Analysis — 3 Soffron Ln #1
Ipswich, MA 01938
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 01938 carries an estimated $3,080/mo in gross rent — about a 5.72% cap rate and $20,236/yr in estimated NOI at the $354,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1
SqFt
857
Style
Condominium
Built
1930
Welcome to easy living in the heart of Ipswich! This bright and inviting 3-bedroom, ground-floor condo offers a spacious and flexible layout in a convenient location. The large eat-in kitchen features an island, granite countertops, stainless steel appliances, and plenty of space for gathering. The living room is highlighted by beautiful hardwood floors and a charming bowed window. Three bedrooms, including two with walk-in closets, provide flexibility for guests, a home office, workout space, or whatever suits your lifestyle. In-unit laundry with washer and dryer included adds everyday convenience. Additional features include two deeded parking spaces, a shared outdoor yard, and locked basement storage. Enjoy being just blocks from downtown Ipswich restaurants, shops, and the commuter rail to Boston, with Ipswich Ale Brewery right across the street. Plus, take advantage of coveted Ipswich resident access to beautiful Crane Beach, just five miles away!
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 MLS and other third-party data may be inaccurate or out of date.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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Listing Agent: Linda Turcotte
Listing Office: Keller Williams Realty Evolution
MLS® Number: 73569911