41 S Main St, Ipswich MA 01938
Ipswich, MA 01938
$835,000
$819,900
Est. $4,879/month
About this home
Prime downtown Ipswich retail investment opportunity. 41 South Main Street is ideally located in the heart of Ipswich, overlooking the Ipswich River and surrounded by established local businesses, restaurants, and consistent foot traffic. The property consists of three retail units, offering a strong opportunity for investors seeking a multi-tenant asset in a highly desirable location. With existing leases in place, the property provides immediate income and long-term upside potential through future rent growth and tenant positioning. Its prominent Main Street frontage, visibility, and proximity to Route 1A and the Ipswich MBTA commuter rail make this an attractive location for both tenants and investors alike.
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Property History
Market Insights
1
Price Changes
1.8%
Price Range
Property Timeline
Price Reduced
Jun 26, 2026
$819,900
$15,100
(-1.81%)
From $835,000 to $819,900 (-1.8%)
Listed for Sale
Mar 24, 2026
$835,000
Original listing
Agent: Herrick Lutts Realty Partners
Office: Herrick Lutts Realty Partners
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 06/26/2026 | ↓ Price Reduced | $819,900 | $15,100 | - | From $835,000 to $819,900 (-1.8%) |
| 03/24/2026 | 🏠 Listed for Sale | $835,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $6,400 | — |
Financial Details
Annual Property Tax
$6,400
Tax Year 2025
Facts & Features
Home Facts
Type
Commercial Sale
Year Built
1935
Living Area
6,480 sq ft
Lot Size
0.17 acres
Investment Metrics
Gross Income
$69,907
Net Operating Income
$49,986
Operating Expenses
$16,554
Cap Rate
6.10%
Interior
Heating
None
Cooling
None
Flooring
None
Appliances
None
Fireplace
None
Basement
None
Laundry
None
Features
None
Exterior
Construction
None
Architecture
None
Roof
None
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Features
None
Utilities
Electric
None
Water
None
Sewer
None
Gas
None
Other
Public Water, Public Sewer
Financial
Annual Tax
$6,400
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Seller Disclosures
Situated In A Flood Zone; Buyer To Perform Due Diligence.
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Documents
None
County
Essex
Property Overview
Listing Type
For Sale
Year Built
1935
Living Area
6,480 sq ft
Floor Layout
Interactive room guide
Floor Layout
Display Options
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Appliances:
Interior Features:
Windows:
Basement:
Laundry:
Security:
Construction & Materials
Year Built:
1935
Structure Type:
Exterior Materials:
Roof:
Foundation:
Heating, Cooling & Utilities
Heating:
Cooling:
Hot Water:
Water Source:
Sewer:
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:
Parking & Garage
Parking Features:
Nearby Schools
School District
Ipswich School District local
A-
School Safety
2024-25
0.9%
Low
0.9%
Suspensions
0.8%
In-School
4.6% below state avg
Elementary Schools
2 schools
A-
Winthrop School
0.2 mi
|
#197 of 824
|
Score: 55.2
Dropped 158 spots from last year
-3.1 below state avg
373 students
Moderate
Strong Attendance
Grades PK-05
A
Paul F Doyon Memorial School
2.4 mi
|
#90 of 824
|
Score: 59.8
Improved 33 spots from last year
+1.6 above state avg
366 students
Moderate
Rising School
Strong Attendance
Grades PK-05
Middle Schools
1 school
A-
Ipswich Middle School
1.0 mi
|
#93 of 352
|
Score: 50.4
Improved 8 spots from last year
-7.8 below state avg
377 students
Moderate
Strong Attendance
Grades 06-08
High Schools
1 school
A+
Ipswich High School
1.0 mi
|
#36 of 346
|
Score: 69.6
Improved 26 spots from last year
+11.4 above state avg
447 students
Moderate
19 sports
• 1,184 athletes
Strong AP Program
High Graduation Rate
Rising School
College Ready Curriculum
Grades 09-12
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Monthly Payment Calculator
Monthly Payment
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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
$533
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
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Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo
Payment Over Time
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
41 S Main St, Ipswich MA 01938
Ipswich, MA 01938
Listing Information
Listing Agent
Herrick Lutts Realty Partners
Listing Office
Herrick Lutts Realty Partners
Office Phone
978-927-1959
Agent MLS ID
TM312527
Office MLS ID
AN6507
Listing Data Updated
Jul 17, 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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