20-22 Lafayette Rd

2,833 Sq. Ft.
$494 / Sq. Ft.
2,833
Sq. Ft.
$494
per Sq. Ft.

Description

Well-located four-family investment property in the heart of Ipswich, offering a desirable unit mix and consistent rental appeal. The property consists of three 1-bedroom units and one 2-bedroom unit, all featuring updated finishes including stainless steel appliances. Ample off-street parking adds to tenant convenience and overall desirability. Positioned just minutes from downtown Ipswich and the MBTA Commuter Rail station, this location provides easy access to local shops, restaurants, and commuter...Well-located four-family investment property in the heart of Ipswich, offering a desirable unit mix and consistent rental appeal. The property consists of three 1-bedroom units and one 2-bedroom unit, all featuring updated finishes including stainless steel appliances. Ample off-street parking adds to tenant convenience and overall desirability. Positioned just minutes from downtown Ipswich and the MBTA Commuter Rail station, this location provides easy access to local shops, restaurants, and commuter routes. A turnkey opportunity for investors seeking stable income with long-term upside in a strong North Shore market.
  1. Listed by Herrick Lutts Realty Partners • Herrick Lutts Realty Partners
  2. Listed by Nicholas Zolotas • Herrick Lutts Realty Partners

Property Details for 20-22 Lafayette Road

Town
Ipswich
Area
MA-Ipswich
Garage Spaces
0
Open Parking Spaces
5.00
Parking Spaces Total
5
LISTING UPDATED: 04/14/2026 03:30 AM

Property Details for 20-22 Lafayette Road

StatusNew
MLS #73500699
Days on Market2
Taxes$9,214 / year
HOA Fees-
Property TypeMulti Family
MLS TypeMulti-family / 4 Family
Year Built1930
CountyEssex County

Location

Listing Courtesy of Herrick Lutts Realty Partners, Herrick Lutts Realty Partners; Herrick Lutts Realty Partners, Nicholas Zolotas
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Building Information for 20-22 Lafayette Road

Stories4Residences4Year Built1930Building Size-Lot Size0.14 AC / 6,047 SF

Payment Calculator

$7,818 per month

30 year fixed, 6.46% Interest

Principal and Interest

$7,050

Property Taxes

$768

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 20-22 Lafayette Road

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Laundromat, House of Worship, Public School, T-Station
  • Living Area: 2833.0
  • SqFt with Basement: No
  • Total Units: 4
  • Waterfront: No
  • Water View: No
  • Year Built Details: Approximate
  • Year Built Source: Public Records
Features
Interior Features
  • Basement Features: Full, Unfinished Basement
  • Num of Baths: 4.0
  • Num of Full Baths: 4
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 4.00
  • Bathrooms Total Integer: 4
  • FireplaceYN: No
  • Fireplaces: 0
  • SpaYN: No
Exterior Features
  • Construction: Frame
  • Roof Material: Shingle
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Paved Drive, Off-Street
  • Open Parking: Yes
  • Parking Features: Paved Drive, Off-Street
  • Parking Features: Off-Street
Utilities
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public
Tax Information
  • Tax ID: M:41B B:0194 L:0,1955956
  • Assessments: $826,400
  • Book: 16426
  • Tax Year: 2025
  • Zoning: IR
Building / Association Information
Living Characteristics
  • Beds Total: 5
  • Total Living Levels: 4
Other Building Characteristics
  • Foundation: Stone
  • Levels: 4
Income / Expenses
  • GOI: $104,040.00
  • NOI: $104,040.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: Y
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 1
  • Lease U2: Y
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 2
  • Lease U3: Y
  • Levels U3: 1
Unit 4 Description
  • Floor U4: 3
  • Lease U4: Y
  • Levels U4: 1
Rental Info
Rental Info
  • Total Actual Rent: $8,670.00

Property History for 20-22 Lafayette Road

DateEvent & SourcePriceAppreciation
Apr 13, 2026

Listed (Active)

MLS PIN #73500699

$1,400,000
Apr 30, 2019

Expired

MLS PIN #72412479

$840,000
Oct 17, 2018

Listed (Active)

MLS PIN #72412479

$840,000
May 31, 2018

Sold

MLS PIN #72270790

$520,000
Jan 22, 2018

Under Agreement

MLS PIN #72270790

Jan 22, 2018

Contingent

MLS PIN #72270790

Jan 15, 2018

Listed (Active)

MLS PIN #72270790

$519,900
Feb 28, 2007

Expired

MLS PIN #70494275

$619,900
Nov 28, 2006

Listed (Active)

MLS PIN #70494275

$639,900
DateEvent & SourcePrice
04/13/2026

Listed (Active)

MLS PIN #73500699

$1,400,000
04/30/2019

Expired

MLS PIN #72412479

$840,000
10/17/2018

Listed (Active)

MLS PIN #72412479

$840,000
05/31/2018

Sold

MLS PIN #72270790

$520,000
01/22/2018

Under Agreement

MLS PIN #72270790

01/22/2018

Contingent

MLS PIN #72270790

01/15/2018

Listed (Active)

MLS PIN #72270790

$519,900
02/28/2007

Expired

MLS PIN #70494275

$619,900
11/28/2006

Listed (Active)

MLS PIN #70494275

$639,900

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 20-22 Lafayette Road

Taxable ValueLand$290,800Additions$394,800Total$685,600
Tax Record2024$7,802 ($650 / month)
Home Facts
Baths4Total Finished SqFt2,833 SqFtAbove Grade Finished SqFt2,833 SqFtUnfinished Basement SqFt1,034 SqFtStories3Lot Size6,046 SqFtStyleMulti-Family Res (5+ Units)Year Built1930ZoningIRCountyESSEXAPNIPSW M:41B B:0194 L:0

Schools near 20-22 Lafayette Road

This home is within Ipswich School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - PK to 5
Rating
School
Distance
Winthrop School
PublicPK to 5

Ipswich Middle School
Public6 to 8

Ipswich High School
Public9 to 12

Paul F Doyon Memorial
PublicPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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20-22 Lafayette Road is a multi-family home for sale in Ipswich, MA 01938. This property was listed for sale on April 13, 2026 by Herrick Lutts Realty Partners, it's currently listed at $1,400,000. It has been on the market for a total of 2 days and was last sold on May 31, 2018. This listing's school district is Ipswich School District. Nearby schools include Winthrop School, Ipswich Middle School and Ipswich High School. 20-22 Lafayette Road is a 5-bed, 4-bath, 2,833 sqft multi-family home built in 1930.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Herrick Lutts Realty Partners, Herrick Lutts Realty Partners; Herrick Lutts Realty Partners, Nicholas Zolotas

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.