31-33 New Ocean St, Swampscott, MA 01907
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$895,000
3 Unit
5 Beds
3 Baths
3425 SQFT
0.08 Acre

Property Description

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.

Property Details tap to expand

Building Information

  • Total Units: 3
  • Total Floors: 3
  • Total Bedrooms: 5
  • Total Full Baths: 3
  • Amenities: Bike Path, Park, Public Transportation, Walk/Jog Trails
  • Common Rooms: Dining Room, Kitchen, Living Room, Office/Den
  • Common Interior Features: Bathroom With Tub & Shower, Stone/Granite/Solid Counters
  • Common Appliances: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
  • Common Heating: Central Heat, Electric, Extra Flue, Forced Air, Gas, Heat Pump, Oil
  • Common Cooling: Central Air

Financial

  • APOD Available: Yes
  • Expenses Source: Owner Provided
  • Gross Operating Income: 62450
  • Gross Expenses: 8779
  • GSE: 182
  • Water/Sewer: 1466
  • INSC: 4500
  • Repairs & Maintenance: 2631
  • Net Operating Income: 33521

Utilities

  • Heat Zones: 3
  • Cooling Zones: 3
  • Utility Connections: for Gas Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1875
  • Type: 3 Family - 3 Units Up/Down
  • Construction Type: Aluminum, Frame
  • Foundation Info: Slab
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles, Rubber
  • Flooring Type: Hardwood
  • Lead Paint: Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73390790
  • Last Updated: 06/17/25

Property History tap to expand

Date Event Price Price/Sq Ft Source
06/17/2025Contingent$895,000$261MLSPIN
06/17/2025Active$895,000$261MLSPIN
06/13/2025New$895,000$261MLSPIN

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Seller's Representative: Steven Cohen Team, Keller Williams Realty Boston-Metro | Back Bay
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2025-06-17 10:50:00

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