Active

277 Days on market

57 East Street Ipswich — Photo 1 of 16

Recent Drop: $250

$975,000

$974,750

57 East Street, Ipswich, MA 01938

Ipswich, MA 01938

Beds

Baths

1.5

SqFt

2,419

Style

Single Family

Built

1909

OUTSTANDING OPPORTUNITY: Opportunities like this rarely come to market. Here is your chance to own a Piece of Ipswich 1909 history- as a Neighborhood Bakery/Restaurant/Convenience Store/Retail - a short distance to the Ipswich River. The Second Floor is a two-bedroom, One-Bath, large Living Room/Dining Room Apartment with a Private Entrance. The first floor is a Professional Industrial Kitchen, fully equipped for High-Volume Food Service—currently a Bakery serving lunch and dinner. Ipswich River Boat Launch and Park are moments away. The 342 sq. ft. Out-Building was previously a bait shop and is now used for additional storage. Convenient Parking, Great Visibility, and Enormous Growth Potential. Potential to convert to 100% Residential Rentals.** TAKE-OUT RESTAURANT FOR LEASE AS WELL **

Market Value Analysis

This Property

Size (SqFt) →Price →

This Property$403/sqft

Local Avg (Ipswich)$511/sqft

21% BelowMarket Average

* Analysis is based on 17 actively listed and recently sold comparable properties strictly within Ipswich, MA.

Financials

Original Price$975,000

Annual Taxes$4,672

Parking

Garage0

Off-Street14

Interior Specifications

Total Rooms8

FireplacesNone

Flooring--

BasementNone

Climate & Utilities

HeatingBaseboard

CoolingWindow Unit(s)

WaterPublic

SewerPublic Sewer

Building & Exterior

Construction--

Roof--

FoundationSlab

Zoning0130 IR

Property & Lot

Acres0.13

SqFt Lot5,800

Lot Features--

Amenities & Appliances

Gas Water Heater

Neighborhood

Public Transportation • Shopping • Park • Walk/Jog Trails • Bike Path • Conservation Area

Geography

Property History

Price Drop

$974,750

Was $975,000

Jun 2, 2026

MLS® 73460420

Listed

$975,000

Dec 6, 2025

MLS® 73460420

Population

13,930

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$139K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

25.6%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Essex County

992 housing units permitted in the last 12 months (-15% vs the prior 12 months) — 515 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jun '26)

ADU Potential

Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 900 sq ft (the lesser of 900 sq ft or half the 2,419 sq ft principal dwelling). Lot size: 5,800 sq ft.

Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.

Full Ipswich, MA market report ZIP 01938 market data

Listing Provided By

Listing Agent: The North Shore Realty Group

Listing Office: eXp Realty LLC

MLS® Number: 73460420