Property profile

21-23 Market St Ipswich, MA 01938

OFF-MARKET
Investment properties
Property ID
US38-1658362
7,501 SF 0.41 ac lot Built 1869
Entity Owned 4-yr Hold Free & Clear
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Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1869
Construction FRAME
Total area 7,501 SF
Lot 0.41 ac (18,043 SF)
Zoning code CB
APN IPSW M:42A B:0212 L:0
UPID US38-1658362

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

21-23 Market St Ipswich, MA 01938
Ipswich metro Census 223200 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$952k
Blend (final) Blend
$1.42M

Owner & transaction history

since 2022
4 recorded transactions
2025
Price N/A
2022
Price N/A
2022
Price N/A
2018
$3.4M

Zoning & alternative use

CB · Ipswich, MA
Zoning description

6. Central Business (CB) District (Added by 10/20/03 Special Town Meeting; approved by Attorney General 1/22/04) 7. Highway Business (HB) District (Added by 10/18/93 Special Town Meeting; approved by Attorney General 2/4…

General category CIVIC_INSTITUTIONAL
Top alternative use upside
Office building $1.9M +29.0%
Auto repair, garage $1.8M +20.2%
Retail stores $1.7M +11.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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