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20-22 Lafayette Rd, Ipswich MA 01938

Ipswich, MA 01938
$1,400,000
Est. $8,047/month
5
Beds
4
Baths
2,833
Sq Ft
$494
Price/Sq Ft
0.14
Acres
1930
Year Built
4 Family
Type
18 hours 46 minutes
Time on Market
Active Listed Apr 13, 2026 • MLS# 73500699 Copied!

About this home

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.

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Property Overview

Property Type
4 Family
Listing Type
For Sale
Year Built
1930
Bedrooms
5
Full Bathrooms
4
Living Area
2,833 sq ft
Total Rooms
14
Stories
4
Levels
4

Facts & Features

Home Facts

Type Residential Income
Style 4 Family
Year Built 1930
Living Area 2,833 sq ft
Lot Size 0.14 acres
Bedrooms 5
Full Baths 4
Total Rooms 14

Interior

Heating None
Cooling None
Flooring None
Appliances None
Fireplace None
Basement Full, Unfinished
Laundry None
Features None

Exterior

Construction Frame
Architecture None
Roof Shingle
Features None
Pool None
Spa None
Fencing None
Patio/Porch None

Parking

Features Paved Drive, Off Street
Total Spaces 5

Utilities

Electric None
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $9,214
Assessed Value $826,400

Interior Features

Flooring:
Appliances:
Interior Features:
Windows:
Basement: Full, Unfinished
Laundry:
Security:

Construction & Materials

Year Built: 1930
Structure Type:
Exterior Materials: Frame
Roof: Shingle
Foundation: Stone
Stories: 4

Heating, Cooling & Utilities

Heating:
Cooling:
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Total Parking Spaces: 5
Parking Features: Paved Drive, Off Street

Location

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Neighborhood

20-22 Lafayette Rd, Ipswich MA 01938

Ipswich, MA 01938

Walkability

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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
E

Elementary Schools

2 schools
A-
Winthrop School
0.3 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
2.1 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
M

Middle Schools

1 school
A-
Ipswich Middle School
0.9 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
H

High Schools

1 school
A+
Ipswich High School
0.9 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
Learn about these ratings
School data provided by BMN Schools

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 $768
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.

Property History

Market Insights

62.9%
Price Range
1
Previous Sales

Property Timeline

🏠
Listed for Sale
Apr 13, 2026
$1,400,000
Original listing
Agent: Herrick Lutts Realty Partners Office: Herrick Lutts Realty Partners
Previous Transaction - MLS #72270790
Full transaction history available when tracking began
🏷️
Previously Sold
May 31, 2018
$520,000
MLS #72270790
View Listing →

Price & Status History

Date Event Price Change
Apr 13, 2026 New Listing Added $1,400,000 —
May 31, 2018 Sold $520,000 —

Market Statistics

Time on Market
18 hours 46 minutes
Price per Sq Ft
$494

Tax History

Year Taxes Assessment
2025 $9,214 $826,400

Financial Details

Annual Property Tax
$9,214
Tax Year 2025
Assessed Value
$826,400

Listing Information

Listing Agent Herrick Lutts Realty Partners
Listing Office Herrick Lutts Realty Partners
Agent MLS ID TM312527
Office MLS ID AN6507
Listing Data Updated Apr 14, 2026 3:30 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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Market Analytics for Ipswich, MA

Real-time market trends and pricing data for this area

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