Active
257 Days on market
57 East Street Ipswich — Photo 1 of 16
Recent Drop: $250
$975,000$974,750
$974,750
57 East Street, Ipswich, MA 01938
Ipswich, MA 01938
Beds
2
Baths
1.5
SqFt
2,419
Style
Single Family
Built
1909
OUTSTANDING OPPORTUNITY: Opportunities like this do not come to market often. 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)$495/sqft
19% BelowMarket Average
* Analysis is based on 16 actively listed and recently sold comparable properties strictly within Ipswich, MA.
Property Details
Financials
Original Price$975,000
Annual Taxes$6,178
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
Listed
$974,500
Sep 23, 2025
MLS® 73434444
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.
Listing Provided By
Listing Agent: The North Shore Realty Group
Listing Office: eXp Realty
MLS® Number: 73460420
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