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141 Evans Rd Ext Marblehead — Photo 1 of 42

$785,000

Investment Analysis — 141 Evans Rd Ext

Marblehead, MA 01945

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 5-bedroom in 01945 carries an estimated $3,390/mo in gross rent — about a 3.09% cap rate and $24,253/yr in estimated NOI at the $785,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

1.5

SqFt

2,291

Style

Single Family

Built

1973

Ocean Park Civic League neighborhood, where opportunity awaits, in this 5-bedroom, 1.5-bath home located at the end of a quiet dead-end street. Offering over 2,000 square feet of living space including a semi-finished basement, this property provides plenty of room to bring your vision to life. Major renovations are needed, making this an ideal opportunity for buyers looking to renovate, reimagine, and create their forever home. Enjoy convenient access to association dock, Salem Harbor, and major routes, while being tucked away in a peaceful neighborhood setting. With generous space and an appealing location, this property offers tremendous potential for those ready to roll up their sleeves and make it their own. Abuts town property at the end of Evans Road Extension.

ADU Potential

Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 900 sq ft (the lesser of 900 sq ft or half the 2,291 sq ft principal dwelling). Lot size: 8,000 sq ft.

Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.