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11 Mount Pleasant Avenue, Ipswich MA 01938

Ipswich, MA 01938
$775,000
$749,900
Est. $4,710/month
7
Beds
3
Baths
3,052
Sq Ft
$246
Price/Sq Ft
0.14
Acres
1900
Year Built
2
Parking
45
Days on Market
Pending Price Drop -$25,100 Listed May 27, 2026 • MLS# 73524894 Copied! • Updated Jul 13, 2026

About this home

Fantastic investment opportunity in sought-after Ipswich! This 3-family property offers incredible potential for investors, owner-occupants, or anyone looking to build sweat equity in a prime location. Units 1 and 2 feature similar layouts with a living room with hardwood floors, kitchen with ample cabinet space, one bedroom, and a full bath. Unit 3 provides even more space with 5 bedrooms, a living room, kitchen, and full bath. With off-street parking, a covered front porch, and strong upside potential, this property is ready for your vision and updates to truly shine. Great opportunity to add value in a desirable community close to downtown, commuter routes, shopping, and more!

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Recently Sold Nearby

Property History

Market Insights

1
Price Changes
3.2%
Price Range

Property Timeline

📋
Status: Active under contract
Jun 29, 2026
Active → Active Under Contract
Pending Sale
Jun 28, 2026
Offer accepted, sale pending
Price Reduced
Jun 11, 2026
$749,900 $25,100 (-3.24%)
From $775,000 to $749,900 (-3.2%)
🏠
Listed for Sale
May 27, 2026
$775,000
Original listing
Agent: Paul Coleman Office: Lamacchia Realty, Inc.

Tax History

Year Taxes Assessment
2025 $8,617 $772,800

Financial Details

Annual Property Tax
$8,617
Tax Year 2025
Assessed Value
$772,800

Facts & Features

Home Facts

Type Residential Income
Style 3 Family - 3 Units Up/Down
Year Built 1900
Living Area 3,052 sq ft
Lot Size 0.14 acres
Bedrooms 7
Full Baths 3
Total Rooms 13

Investment Metrics

Units 3
Unit 1 Rent $1,700/mo · Y
Unit 2 Rent $600/mo · Y
Unit 3 Rent — · N
Total Monthly Rent $2,300/mo
Gross Income $27,600
Net Operating Income $27,600
Cap Rate 3.68%
Heating Baseboard, Oil
Cooling Window Unit(s)
Flooring Carpet, Hardwood
Appliances Range, Refrigerator, Dishwasher
Fireplace None
Basement Walk-out Access, Interior Entry, Dirt Floor, Concrete, Unfinished
Laundry None
Features Bathroom With Shower Stall, Living Room, Kitchen
Construction Conventional (2x4-2x6)
Architecture None
Roof Shingle
Features None
Pool None
Spa None
Fencing None
Patio/Porch Porch, Enclosed
Features Off Street, Unpaved
Total Spaces 2
Electric Circuit Breakers, 100 Amp Service
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range

Financial

Annual Tax $8,617
Assessed Value $772,800
Fee Includes None
Amenities None
Optional Fee Includes None
Seller Disclosures Buyers And Buyers Agents To Perform Due Diligence. Some Photos May Be Virtually Enhanced. Tenants Are Tenants-at-will And Unit 2 Tenants Are Moving Out End Of June 2026.
Exclusions Washer/Dryers And Tenant Property. Refrigerator In Unit 3
Possession None
Accepted Financing None
Structure Type []
House Color White
Sq Ft Source Public Record
Sq Ft Disclosures Measurements are approx.
Documents None
County Essex
Total market time (incl. prior listings) 47 days

Property Overview

Property Type
3 Family - 3 Units Up/Down
Listing Type
For Sale
Year Built
1900
Bedrooms
7
Full Bathrooms
3
Living Area
3,052 sq ft
Total Rooms
13
Stories
4
Levels
4

Room Details

Other Floor

Bathroom1
Bedroom5
Bedroom4
Bedroom3
Dining Room
Kitchen
Bathroom2
Bedroom2
Living Room
Bathroom3
Master Bedroom
Office
Family Room
Master Bathroom

Interior Features

Flooring: Carpet, Hardwood
Appliances: Range, Refrigerator, Dishwasher
Interior Features: Bathroom with Shower Stall, Living Room, Kitchen
Windows:
Basement: Walk-Out Access, Interior Entry, Dirt Floor, Concrete, Unfinished
Laundry:
Security:

Construction & Materials

Year Built: 1900
Structure Type:
Exterior Materials: Conventional (2x4-2x6)
Roof: Shingle
Foundation: Stone, Brick/Mortar
Stories: 4

Heating, Cooling & Utilities

Heating: Baseboard, Oil
Heating Zones: 2
Cooling: Window Unit(s)
Hot Water: Natural Gas, Tank
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch: Porch, Enclosed
Fencing:
Other Structures:
Lot Features: Sloped
Road Surface: Paved

Parking & Garage

Total Parking Spaces: 2
Parking Features: Off Street, Unpaved

Nearby Schools

School information not available for this location.

Monthly Payment Calculator

Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $718
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo

Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Location

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Neighborhood

11 Mount Pleasant Avenue, Ipswich MA 01938

Ipswich, MA 01938

Listing Information

Listing Agent Paul Coleman
Listing Office Lamacchia Realty, Inc.
Office Phone 781-786-8080
Agent MLS ID CT008425
Office MLS ID AN2314
Listing Data Updated Jul 13, 2026 3:05 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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