Active

582 Days on market

197A West Shore Drive #A Marblehead — Photo 1 of 37

Recent Drop: $15,473

$579,900

$564,427

Investment Analysis — 197A West Shore Drive #A

Marblehead, MA 01945

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-bedroom in 01945 carries an estimated $2,560/mo in gross rent — about a 2.81% cap rate and $15,867/yr in estimated NOI at the $564,427 list price. Adjust every assumption in the calculator below.

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Beds

Baths

1.5

SqFt

1,400

Style

Condominium

Built

1974

Enjoy everything historic Marblehead has to offer! This inviting home presents an exceptional condominium opportunity in Essex County. Ready to move in, this residence awaits those seeking comfort and convenience. This affordable and quiet townhouse offers 2 Bedrooms and 1.5 baths. No overhead neighbors or shared basement space with a Townhouse style condominium. The lower level offers a finished family room that can also be used as an additional bedroom if needed. Charming and bright, Eat-in kitchen offers a new Bosch dishwasher, new built-in microwave and a newer stove. Also note that the wall dividing the kitchen and living room offers the opportunity to be opened up to make a much desired open floor plan. New roof, furnace, and hot water heater. Rear of basement offers storage, and utility room with a work bench for your projects and rear egress to parking . Low association fees.

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 MLS and other third-party data may be inaccurate or out of date.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.