41 S Main St, Ipswich MA 01938

Ipswich, MA 01938

$835,000

$819,900

Est. $4,879/month

6,480

Sq Ft

$127

Price/Sq Ft

0.17

Acres

1935

Year Built

121

Days on Market

Active Price Drop -$15,100 Listed Mar 24, 2026 • MLS# 73490939 Copied! • Updated Jul 17, 2026

About this home

Prime downtown Ipswich retail investment opportunity. 41 South Main Street is ideally located in the heart of Ipswich, overlooking the Ipswich River and surrounded by established local businesses, restaurants, and consistent foot traffic. The property consists of three retail units, offering a strong opportunity for investors seeking a multi-tenant asset in a highly desirable location. With existing leases in place, the property provides immediate income and long-term upside potential through future rent growth and tenant positioning. Its prominent Main Street frontage, visibility, and proximity to Route 1A and the Ipswich MBTA commuter rail make this an attractive location for both tenants and investors alike.

Public Records & Permits

BMN Estimate

Get the number an algorithm can't give you

A free agent CMA factors in condition, upgrades, and the street — the things comps alone can't see.

Recently Sold Nearby

Property History

Market Insights

Price Changes

1.8%

Price Range

Property Timeline

↓

Price Reduced

Jun 26, 2026

$819,900 $15,100 (-1.81%)

From $835,000 to $819,900 (-1.8%)

🏠

Listed for Sale

Mar 24, 2026

$835,000

Original listing

Agent: Herrick Lutts Realty Partners Office: Herrick Lutts Realty Partners

Date	Event	Price	Change	$/sqft	Details
06/26/2026	↓ Price Reduced	$819,900	$15,100	-	From $835,000 to $819,900 (-1.8%)
03/24/2026	🏠 Listed for Sale	$835,000	-	-	Original listing

Tax History

Year	Taxes	Assessment
2025	$6,400	—

Financial Details

Annual Property Tax

$6,400

Tax Year 2025

Facts & Features

Home Facts

Type Commercial Sale

Year Built 1935

Living Area 6,480 sq ft

Lot Size 0.17 acres

Investment Metrics

Gross Income $69,907

Net Operating Income $49,986

Operating Expenses $16,554

Cap Rate 6.10%

Interior

Heating None

Cooling None

Flooring None

Appliances None

Fireplace None

Basement None

Laundry None

Features None

Exterior

Construction None

Architecture None

Roof None

Features None

Pool None

Spa None

Fencing None

Patio/Porch None

Parking

Features None

Utilities

Electric None

Water None

Sewer None

Gas None

Other Public Water, Public Sewer

Financial

Annual Tax $6,400

HOA & Community

Fee Includes None

Amenities None

Optional Fee Includes None

MA Disclosures

Seller Disclosures Situated In A Flood Zone; Buyer To Perform Due Diligence.

Additional Details

Possession None

Accepted Financing None

Structure Type []

Documents None

County Essex

Property Overview

Listing Type

Commercial Sale

Year Built

1935

Living Area

6,480 sq ft

Room Details

Other Floor

Bathroom1

Bedroom5

Bedroom4

Bedroom3

Dining Room

Kitchen

Bathroom2

Bedroom2

Living Room

Bathroom3

Master Bedroom

Office

Family Room

Master Bathroom

Interior Features

Flooring:

Appliances:

Interior Features:

Windows:

Basement:

Laundry:

Security:

Construction & Materials

Year Built: 1935

Structure Type:

Exterior Materials:

Roof:

Foundation:

Heating, Cooling & Utilities

Heating:

Cooling:

Hot Water:

Water Source:

Sewer:

Energy Features:

Exterior & Lot

Exterior Features:

Patio & Porch:

Fencing:

Other Structures:

Lot Features:

Road Surface:

Parking & Garage

Parking Features:

Nearby Schools

School District

Ipswich School District local

A-

✓ School Safety 2024-25

0.9% Low

0.9% Suspensions 0.8% In-School

↓ 4.6% below state avg

Elementary Schools

2 schools

A-

Winthrop School

0.2 mi | #197 of 824 | Score: 55.2

Dropped 158 spots from last year

-3.1 below state avg

373 students Moderate

Strong Attendance

Grades PK-05

Paul F Doyon Memorial School

2.4 mi | #90 of 824 | Score: 59.8

Improved 33 spots from last year

+1.6 above state avg

366 students Moderate

Rising School Strong Attendance

Grades PK-05

Middle Schools

1 school

A-

Ipswich Middle School

1.0 mi | #93 of 352 | Score: 50.4

Improved 8 spots from last year

-7.8 below state avg

377 students Moderate

Strong Attendance

Grades 06-08

High Schools

1 school

A+

Ipswich High School

1.0 mi | #36 of 346 | Score: 69.6

Improved 26 spots from last year

+11.4 above state avg

447 students Moderate

19 sports • 1,184 athletes

Strong AP Program High Graduation Rate Rising School College Ready Curriculum

Grades 09-12

Learn about these ratings

Loading comparison...

Monthly Payment Calculator

Monthly Payment

Principal, interest, taxes & insurance

Loan Amount

After down payment

Total Interest

Over life of loan

Total Cost

Including down payment

Home Price

Down Payment

Down: $0

Interest Rate

Loan Term

Monthly Payment Breakdown

Principal & Interest $0

Property Tax $533

Homeowners Insurance $200

PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0

Total principal paid $0

Total interest paid $0

Rate Impact

-0.5% Rate

$0/mo

Save $0/mo

Current Rate

$0/mo

+0.5% Rate

$0/mo

Cost $0/mo

Payment Over Time

Interest

Principal

Year 1

95% Interest

Year 15

50/50

Year 30

95% Principal

* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Location

Loading map...

Neighborhood

41 S Main St, Ipswich MA 01938

Ipswich, MA 01938

Listing Information

Listing Agent Herrick Lutts Realty Partners

Listing Office Herrick Lutts Realty Partners

Office Phone 978-927-1959

Agent MLS ID TM312527

Office MLS ID AN6507

Listing Data Updated Jul 17, 2026 3:05 AM EDT

Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

Contact Us

Steven Novak

BMN Boston Real Estate

(617) 955-2224 mail@steve-novak.com

Ask about this property — free, no obligation.

41 S Main St, Ipswich MA 01938

About this home

Public Records & Permits

Recently Sold Nearby

Market Insights

Property Timeline

Price Reduced

Listed for Sale

Tax History

Home Facts

Investment Metrics

Interior

Exterior

Parking

Utilities

Financial

HOA & Community

MA Disclosures

Additional Details

Property Overview

Other Floor

Nearby Schools

Elementary Schools

Middle Schools

High Schools

Monthly Payment Breakdown

Loan Summary

Rate Impact

Payment Over Time

Neighborhood

Customize Comparable Search

Distance & Location

Property Characteristics

Price & Value

Property Features

Market Filters

Display Options

📍 Comparable Properties Map

Market Analytics for Ipswich, MA

41 S Main St, Ipswich MA 01938

About this home

Public Records & Permits

BMN Estimate

Recently Sold Nearby

Property History

Market Insights

Property Timeline

Price Reduced

Listed for Sale

Detailed History Table ▼

Tax History

Financial Details

Facts & Features

Home Facts

Investment Metrics

Interior

Exterior

Parking

Utilities

Financial

HOA & Community

MA Disclosures

Additional Details

Property Overview

Room Details

Other Floor

Interior Features

Construction & Materials

Heating, Cooling & Utilities

Exterior & Lot

Parking & Garage

Nearby Schools

Elementary Schools

Middle Schools

High Schools

Monthly Payment Calculator

Monthly Payment Breakdown

Loan Summary

Rate Impact

Payment Over Time

Location

Neighborhood

Listing Information

Contact Us

Similar Homes for Sale

Comparable Properties

Customize Comparable Search

Distance & Location

Property Characteristics

Price & Value

Property Features

Market Filters

Display Options

📍 Comparable Properties Map

Adjust Property Details

Market Analytics for Ipswich, MA

Steven Novak

Schedule a Tour