Listing Agency: Coldwell Banker Realty - Manchester Show Phone

Listed By: Brian Rothe · License #454008372 Show Phone

Source: Lockandkeyre

Added: Jul 17 Changed: Oct 4 Last Checked: Oct 5 at 7:25PM

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Investment Insights

Based on property information with market context.

This gut-renovated 2-bedroom, 1.5-bath apartment plus office offers a bright, spacious layout with an open living area and a large, well-equipped kitchen. The unit includes in-unit laundry and is currently semi-furnished with new furniture, which can be removed if needed. Harbor views are featured from multiple rooms, including large picture windows in the master bedroom. The home also includes a private deck for outdoor enjoyment.

Located at 38 Central St Unit 2 in Manchester-by-the-Sea, the apartment is positioned for convenient downtown access, with easy reach to the commuter rail, beaches, restaurants, shops, and the village center.

Off-street parking is included, and the office provides flexible additional space alongside the two bedrooms and shared living areas.

Key Highlights

• Gut‑renovated 2‑bedroom, 1.5‑bath apartment with an office
• Harbor views from multiple rooms, including huge picture windows in the master bedroom
• Private deck with views overlooking Manchester Harbor

Property Analytics

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Current Use

Residential income properties

Suggested Use

Top Pick Restaurant Auto Repair Shop Big Box & Wholesale Store Building Supply Dental Office Law Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

342

Businesses Nearby

Explore this area Business Placement

Demographics for 01944, MA

5,395

Population

2,281

Households

2.4

Avg Household Size

50

Median Age

84%

College-Educated

99%

High-School Grad

9.2 sq mi

ZIP Area

586

Density / Sq Mi

$197,875

Median Household Income

$99,797

Median Earnings

$1,872

Median Rent

$932,000

Median Home Value

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Frequently Asked Questions

What type of property is this?

Residential income property - Gut-renovated 2-bedroom, 1.5-bath unit with office, in-unit laundry, off-street parking, and a private deck.

Where is this residential income property located?

The property is located at 38 Central St Unit 2 Manchester, MA.

What is the lease rate?

The lease rate is $5,000/Mo.

What are key features of this property?

This property features: Gut‑renovated 2‑bedroom, 1.5‑bath apartment with an office; Harbor views from multiple rooms, including huge picture windows in the master bedroom; Private deck with views overlooking Manchester Harbor