$895,000
PENDING

31-33 New Ocean St Swampscott, MA 01907

Estimated payment $5,569/month

Total Views 3,820
5 Beds
3 Baths
3,425 Sq Ft
$261 Price per Sq Ft

Highlights

  • Deck
  • Property is near public transit
  • Solid Surface Countertops
  • Swampscott High School Rated A-
  • Wood Flooring
  • 4-minute walk to Kings Beach

About This Home

Exceptional opportunity in a Swampscott 3-unit rental property or beautiful home for owner-occupant who also wants substantial income. Three separate updated apartments, each with hardwood floors, central air conditioning, gas cooking and heat, and private laundry. Unit 1 is a split 2 bedroom/1 bath with wide-open kitchen/living/dining space and offering great closets. Unit 2 is a signature 2 bedroom apartment featuring new stainless steel kitchen with breakfast bar open to extra large living/dining room. Wall of windows and sliding doors to huge deck and lovely landscaped private yard. Unit 3 is a charming penthouse 1 bedroom/1 bath plus study nook with window, perfect for home office. Building offers two paved parking spaces. Around the corner from Kings Beach and a short walk to Linscott Park and the restaurants and shops along Humphrey Street. Present rents are under market.

Listing Agent

Steven Cohen Team

Keller Williams Realty Boston-Metro | Back Bay Listed on: 06/13/2025

Keller Williams Realty Boston-Metro | Back Bay

Co-Listing Agent

Barrie Stavis

Keller Williams Realty Boston-Metro | Back Bay

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,514

Year Built

  • Built in 1875

Lot Details

  • 3,311 Sq Ft Lot
  • Fenced
  • Level Lot

Home Design

  • Triplex
  • Manufactured Home on a slab
  • Frame Construction
  • Shingle Roof
  • Rubber Roof

Interior Spaces

  • 3,425 Sq Ft Home
  • Property has 1 Level
  • Living Room
  • Dining Room
  • Home Office
  • Wood Flooring

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Solid Surface Countertops
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Dryer
  • Washer

Parking

  • 4 Car Parking Spaces
  • Off-Street Parking
  • Deeded Parking

Utilities

  • Forced Air Heating and Cooling System
  • 3 Cooling Zones
  • 3 Heating Zones
  • Heating System Uses Natural Gas

Additional Features

  • Deck
  • Property is near public transit

Listing and Financial Details

  • Rent includes unit 1(water), unit 3(water)
  • Assessor Parcel Number M:0001 B:0003 L:0,2165029

Community Details

Overview

  • 3 Units

Recreation

  • Park
  • Jogging Path
  • Bike Trail

Building Details

  • Insurance Expense $4,500
  • Water Sewer Expense $1,466
  • Operating Expense $8,779
  • Net Operating Income $33,521

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,514

Year Built

Built in 1875

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family - 3 Units Up/Down
  • Year Built: 1875
  • Levels: 3
  • Year Built Details: Actual
  • Year Round: Yes
  • APOD AVAILABLE: Yes
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Hardwood
  • Interior Amenities: Stone/Granite/Solid Counters, Bathroom With Tub & Shower, Living Room, Dining Room, Kitchen, Office/Den
  • Fireplace YN: No
  • Appliances: Range, Dishwasher, Disposal, Refrigerator, Washer, Dryer, Microwave
  • Total Bedrooms: 5
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Total Bathrooms: 3
  • Above Grade Finished Sq Ft: 3425
  • Living Area: 3425
  • Spa YN: No
  • Stories Total: 3
  • MAIN LO: BB5522
  • LIST PRICE PER Sq Ft: 261.31
  • PRICE PER Sq Ft: 261.31

Exterior Features

  • Construction Materials: Frame
  • Fencing: Fenced
  • Foundation Details: Slab
  • Home Warranty YN: No
  • Patio And Porch Features: Deck
  • Road Frontage Type: Public
  • Roof: Shingle, Rubber
  • Waterfront Features: Ocean, 3/10 to 1/2 Mile To Beach, Beach Ownership(Public)
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No
  • Parking Features: Off Street, Deeded
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range
  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas, Central
  • Cooling Y N: Yes
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 3
  • HEAT ZONES: 3
  • COOLING ZONES: 3
  • Hot Water: Electric

Condo/Co-op/Association

  • Community Features: Public Transportation, Park, Walk/Jog Trails, Bike Path
  • Rent Includes: Unit 1(Water), Unit 3(Water)
  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 1466

Lot Info

  • Parcel Number: M:0001 B:0003 L:0,2165029
  • Zoning: B1
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.08
  • Lot Size Area: 0.08
  • Lot Size Sq Ft: 3311
  • Lot Size Units: Acres
  • PAGE: 370

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 7514
  • Tax Book Number: 28335

Multi Family

  • Gross Income: 62450
  • Insurance Expense: 4500
  • Net Operating Income: 33521
  • Number Of Units Total: 3
  • Operating Expense: 8779
  • Total Actual Rent: 3525
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • COOLING UNITS: 3
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 3: Y
  • LEASE 2: N
  • LEASE 1: Y
  • FLRS 1: 1
  • FLRS 3: 3
  • FLRS 2: 2

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/16/2025 06/16/25 Pending -- -- --
06/13/2025 06/13/25 For Sale $895,000 -- $261 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

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Source: MLS Property Information Network (MLS PIN)

MLS Number: 73390790

MLS Property Information Network (MLS PIN)

Massachusetts Essex County Swampscott 01907

31-33 New Ocean St, Swampscott, MA

This home is located at 31-33 New Ocean St, Swampscott, MA 01907 and is currently priced at $895,000, approximately $261 per square foot. This property was built in 1875. 31-33 New Ocean St is a home located in Essex County with nearby schools including Swampscott Middle School and Swampscott High School.

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Steven Cohen Team
Listing Agent
Steven Cohen Team
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Keller Williams Realty Boston-Metro | Back Bay
(339) 236-7143