Property profile

7 Main St Essex, MA 01929

OFF-MARKET
Other investment properties
Property ID
US38-0513551
2,368 SF 0.56 ac lot Built 1836
Individually Owned
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Property summary

AI-generated overview

Located at 7 Main St in Essex, MA, the property is a mixed-use building configured with two levels for combined commercial and residential use. The first floor was previously arranged for retail/office use and includes a restroom featuring a half bath, an oversized kitchen, two large office spaces, and an additional smaller office/work area. The second floor is configured as a residential unit with 1 to 2 bedrooms, an office space and living room, a kitchen, a full bath, and a dedicated washer/dryer area. The exterior is clad in shingles, and the roof is estimated to be approximately 5 years old. Heating includes a gas boiler and associated components that were installed in December 2023. The property is identified with C/Mixed zoning, and referenced by-law changes indicate development potential supported by available sewer capacity for a multiple-unit condominium project. The building’s design provides separate functional areas for professional or similar first-floor uses while maintaining self-contained residential space on the upper level.

Property profile

Verified
Property type Other investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1836
Construction FRAME
Total area 2,368 SF
Lot 0.56 ac (24,198 SF)
Zoning code RS2
APN ESSE M:128 L:68
UPID US38-0513551

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store

Location

7 Main St Essex, MA 01929-1224
Essex metro Census 222100 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$300k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$270k

Owner & transaction history

since 2026
Last sale
$315,000
7 recorded transactions
2026
Price N/A
2022
Price N/A
2017
Price N/A
2017
Price N/A
2004
$1
2004
Price N/A
1999
$315,000

Zoning & alternative use

RS2 · Essex, MA

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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