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.
Multi-familyProperty Type
1930Year Built
6,047 sq ftLot Size
$441Price/Sq.Ft.
5 spacesParking
Listed by Herrick Lutts Realty Partners• Herrick Lutts Realty Partners
Listed by Nicholas Zolotas• Herrick Lutts Realty Partners
Bought with Alexandra Cutler• J. Barrett & Company
Great income 4 family dwelling. Extremely convenient location close to the commuter rail, EBSCO, and downtown Ipswich! All units have separate utilities. The units on the first level feature the living room, large eat-in kitchen and generously sized bedroom with full bathroom. The second-floor unit is very spacious with 2 bedrooms and perfect set up for an owner-occupied if needed. Ipswich is a sought after North Shore community offering beaches (Crane & Pavilion), biking/hiking trails throughout state parks, award-winning restaurant, great shopping, and schools. This opportunity doesn't come often.
As the MLS and public records start to fill up, we'll list the details here.
Public record
Beds
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Baths
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Stories
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Lot width
—
Lot depth
—
Lot size
—
Year renovated
—
Sq. Ft.
—
Year built
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Style
Multi-Family (2-4 Unit)
County
Essex County
APN
M:41B B:0194 L:0,1955956
Parking Spaces
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Basement
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Accessible
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HOA Dues
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Garage
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Features
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Last updated by owner on Jul 25, 2025.
Property details
Parking
Parking Information
Has Open Parking
Open Parking Spaces: 5
Parking Spaces: 5
Parking Features: Paved Drive, Off Street
Interior
Bathroom Information
# of Bathrooms (Full): 4
Basement Information
Basement: Full, Unfinished
Interior Features
# of Rooms (Total): 14
Unit #1 Information
# of Levels: 1
# of Floors: 1
Lease: Y
Unit #2 Information
# of Levels: 1
# of Floors: 1
Lease: Y
Unit #3 Information
# of Levels: 1
# of Floors: 2
Lease: Y
Unit #4 Information
# of Levels: 1
# of Floors: 3
Lease: Y
Exterior
Building Information
Building Area (Total): 2,833
Foundation Details: Stone
Construction Materials: Frame
Stories (Total): 4
Year Built Source: Public Records
Year Built Details: Approximate
Exterior Features
Roof: Shingle
Property Information
PropertySubType: 4 Family
Above Grade Finished Area: 2833
Levels: 4
Lot Information
Lot Size (Acres): 0.14
Road Frontage Type: Public
Financial
Tax Information
Tax Annual Amount: $9,214
Tax Year: 2025
Utilities
Utility Information
Sewer: Public Sewer
Water Source: Public
Location
Location Information
Directions: Topsfield Rd to Wayne Ave to Lafayette Rd
UnparsedAddress: 20-22 Lafayette Rd, Ipswich MA 01938
Community Information
Senior CommunityYN: No
Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Laundromat, House of Worship, Public School, T-Station
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Multi-Family (2-4 Unit)
Year Built: —
Year Renovated: —
County: Essex County
APN: M:41B B:0194 L:0,1955956
Home facts updated by county records on Jul 25, 2025
Other
Listing Information
StandardStatus: Closed
Around this home
Schools
Some nearby schools may not be within this home's attendance zone. Please check the Ipswich School District website to verify.
Winthrop School
Public PreK-5 • 0.3mi
6/10
Ipswich Middle School
Public 6-8 • 0.9mi
8/10
Ipswich High School
Public 9-12 • 0.8mi
8/10
Provided by GreatSchools
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
5/10 Heat Factor
7 days above 91° expected this year, 16 days in 30 years
6/10 Wind Factor
74% chance of strong winds in next 30 years
3/10 Air Factor
3 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Ipswich, MA • 01938
Average low and high temperatures (°F)
33
19
36
20
49
31
57
40
67
50
79
60
83
65
79
59
73
55
64
45
52
36
38
24
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
48/ 100
Low sunlight
Sunscore
There appears to be significant shading by surrounding buildings, terrain, and vegetation.
5.1 hrs
3.5 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$1.18M – $1.43M
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