
51 New Ocean St #3 Swampscott — Photo 1 of 29
Recent Drop: $50,000
$479,900
Investment Analysis — 51 New Ocean St #3
Swampscott, MA 01907
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-bedroom in 01907 carries an estimated $3,090/mo in gross rent — about a 4.06% cap rate and $19,504/yr in estimated NOI at the $479,900 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
2
SqFt
1,054
Style
Condominium
Built
1920
$20 K Price Adjustment !!! Welcome to this wonderful penthouse condo! Converted and tastefully renovated in 2015, it has so many desirable features, such as beautiful tiled baths, a trendy cooks kitchen with maple cabinets, stone counters and glass tile, gas cooking and a wine chiller. There are wood floors throughout, a double sided gas fireplace which services both the living and dining rooms. The skylights and windows provide abundant natural light. The in-unit washer and dryer are conveniently located and tucked into a closet. There is basement storage, two car parking, and a low condo fee. Feel the ocean breeze from the exclusive use front porch! If there is no breeze, you can always cool off with the central A/C. Favorably located near Monument Park and lively Humphrey Street, 0.3 miles from the ocean in one direction and 0.3 miles from the commuter rail to Boston. What more could you want?
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 MLS and other third-party data may be inaccurate or out of date.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.
Open Houses
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Park
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Third19 x 11
Flooring - Hardwood, Recessed Lighting
Dining Room
Lvl Third9 x 11
Flooring - Hardwood, Flooring - Stone/Ceramic Tile, Recessed Lighting
Kitchen
Lvl Third9 x 17
Skylight, Flooring - Hardwood, Countertops - Stone/Granite/Solid, Recessed Lighting, Stainless Steel Appliances, Wine Chiller, Gas Stove
Master Bedroom
Lvl Third11 x 11
Bathroom - Full, Skylight, Closet, Flooring - Wood, Lighting - Overhead
Bedroom 2
Lvl Third11 x 10
Bathroom 1
Lvl ThirdBathroom - Full, Bathroom - Tiled With Shower Stall, Closet - Linen, Countertops - Stone/Granite/Solid
Bathroom 2
Lvl ThirdBathroom - Full, Bathroom - Tiled With Tub & Shower, Countertops - Stone/Granite/Solid
Property History
$479,900
Was $499,900
Aug 19, 2026
MLS® 73541498
$499,900
Was $509,900
Jul 30, 2026
MLS® 73541498
$509,900
Was $519,900
Jul 16, 2026
MLS® 73541498
$519,900
Was $529,900
Jul 9, 2026
MLS® 73541498
$529,900
Jun 25, 2026
MLS® 73541498
Listing Agent: The Beaton Team
Listing Office: Leading Edge Real Estate
MLS® Number: 73541498