Amazing opportunity to own TWO single family houses on ONE lot...and located just one block from the ocean in Swampscott! Enjoy the fabulous water views and feel the cool ocean breeze just minutes away from your doorway at Swampscott Harbor and Fisherman's Beach. This prime location is also a short walk to Swampscott's coastal downtown, offering a charming mix of restaurants, local shops, everyday conveniences and many green spaces. Both houses are move-in ready! The primary house was thoughtfully refreshed, offering the perfect blend of modern amenities, timeless classic style with touches of old world charm that includes original wood floors, an ornate tin ceiling and custom storage cabinets and shelves. The kitchen is equipped with new appliances, countertops and a custom built entrance storage area. A guest bathroom was also added on the first floor long with a kitchen pantry. The second floor bathroom sparkles after it was gut renovated and fitted with a deep tub, glass shower enclosure and modern fixtures. The third floor was finished and houses the fourth bedroom with adjoining office or den. The second house was significantly rebuilt 20 years ago with an open concept eat-in kitchen and living room area along with a 3/4 bathroom and a large loft on the second floor. The loft is the perfect location for a private and cozy sleeping area. This two house property presents multiple living and investment options. It's an ideal property for an owner occupant needing additional space for extended family, an owner occupant seeking rental income or an investor looking solely for an income-producing investment property. Whether you're looking for a multi-generational family home, a coastal retreat or a solid rental investment, this property offers extraordinary flexibility and a good value! Come see for yourself!!
| Units | 2 |
| Living area | 2,471 sqft |
| Lot size | 6,190 sqft |
| Year built | 1798 |
| Price / sqft | $384 |
| County | Essex |
| MLS # | 73559992 |
| Days on market | 0 days |
| Listed on | August 6, 2026 |
| Annual property tax | $9,158 |
| Tax year | 2026 |
| Assessed value | $753,400 |
| Zoning | N/A |
| Gross income (actual) | $79,200/yr |
| Net operating income (actual) | $79,200/yr |
| Total actual rent | $6,600/mo |
| Stories | 5 |
| Total rooms | 8 |
| Lot size | 0.14 acres |
| Garage spaces | 0 |
| Parking spaces | 10 |
| Parking | Paved Drive, Off Street, Paved |
| Basement | Full, Interior Entry, Bulkhead, Concrete, Unfinished |
| Foundation | Stone |
| Roof | Shingle |
| Construction | Frame |
| Flooring | Wood, Vinyl |
| Heating | Forced Air, Natural Gas, Unit Control, Electric, Ductless |
| Cooling | Ductless |
| Sewer | Public Sewer |
| Water | Public |
| Utilities | for Gas Range, for Electric Range |
| Appliances | Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer |
More about investing in Swampscott →
Listing courtesy of a MLS PIN member office. Listing data © MLS PIN.
Auto-generated from the listing data — richer AI answers coming with the live site.
It is a 2-unit multi-family property with 2,471 sqft of living area, built in 1798.
481 Humphrey, Swampscott MA 01907 has been listed for 0 days (since August 6, 2026).
At a list price of $949,000 across 2 units, that works out to roughly $474,500 per unit.
Annual property taxes are $9,158 (2026), on an assessed value of $753,400.
At $949,000 for 2,471 sqft, that's about $384 per square foot.
10 total parking spaces (paved drive, off street, paved).
481 Humphrey, Swampscott MA 01907 is in Swampscott, Essex County, MA 01907.

Justin Rollo is a Broker Associate with Signal Real Estate (MA Lic. #9534264) and a lifelong Massachusetts resident. Over 14 years and hundreds of transactions, he has worked investment properties — multi-families and house-hacking — across Greater Boston full-time. Away from real estate, Justin is a proud dad, youth coach and local school-committee member — and a former professional poker player who still loves golf and following local sports.