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24 Ocean Avenue Marblehead — Photo 1 of 39

24 Ocean Avenue Marblehead — Photo 1 of 39

$1,485,000

Investment Analysis — 24 Ocean Avenue

Marblehead, MA 01945

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 01945 carries an estimated $3,390/mo in gross rent — about a 1.26% cap rate and $18,777/yr in estimated NOI at the $1,485,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

4

Baths

3

SqFt

3,000

Style

Single Family

Built

1935

Location, Location....Goldthwait/Devereux neighborhood. This desirable 4 bedroom, 3 full bath Colonial home is a short distance to town shops, restaurants, schools, beaches, boat ramp and Marblehead Harbor. Expansive lot size of 11.499 sf boasts an oversized fenced in yard and brick patio combination. Perfect for family fun and entertaining. Mature trees, plantings and lush lawns throughout the property. Bright and sunny, the newly updated stainless and stone countertop eat-in kitchen features double wall ovens, gas 5 burner countertop range and custom shelving and cabinetry. Remodeled 1st level open floor plan incorporates large family room w/ wood burning stove, patio access, ceramic tile mudroom, full size laundry and loads of closet storage. Spacious (29X15) living room with wood burning fireplace and hardwood flooring leaves plenty of room for formal dining. A first level bedroom/office with large double closet is conveniently located near a full bath with shower/tub combination. The primary bedroom features include full bath w/ tumbled marble shower, a cathedral ceiling, custom closet/cabinets and loft area. Additional dramatic new bath includes double vanity, walk in tile and glass enclosed shower and custom features. 2 additional bedrooms include one at (20X19) and the other at (12 X11) used currently as an office. The lower level offers tremendous storage, work shop, new gas fired heating system (2026), circuit breakers, bulk head access to driveway exterior. A comfortable covered deck area lies just off the driveway and living room. Driveway allows for 7 to 8 cars and/or boat storage. Ample room for future garage or ADU. The property has been inspected prior to market. Inspection available to those Buyers that come and view the property.

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 3,000 sq ft principal dwelling). Lot size: 11,499 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.

Open Houses

Property Details

Financials

Original Price$1,485,000
Annual Taxes$12,140

Parking

Garage0
Off-Street8

Interior Specifications

Total Rooms10
Fireplaces2
FlooringWood, Tile, Carpet, Hardwood, Flooring - Stone/Ceramic Tile
BasementFull, Crawl Space, Interior Entry, Bulkhead, Concrete, Unfinished

Climate & Utilities

HeatingBaseboard, Steam, Natural Gas
CoolingWindow Unit(s)
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle, Rubber
FoundationConcrete Perimeter, Block
ZoningSR

Property & Lot

Acres0.26
SqFt Lot11,499
Lot FeaturesLevel

Amenities & Appliances

Gas Water Heater • Water Heater • Oven • Dishwasher • Disposal • Microwave • Range • Refrigerator • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Golf

Geography

Floorplan Breakdown

Structural Layout

Second
Primary BedroomBedroom 2Bedroom 3Bathroom 2Bathroom 3
First
Bathroom 1
Main,First
Living RoomDining RoomKitchenFamily RoomBedroom 4
Living Room
Lvl Main,First

29 x 15

Closet, Closet/Cabinets - Custom Built, Flooring - Hardwood, Exterior Access, Open Floorplan, Recessed Lighting, Remodeled

Dining Room
Lvl Main,First

Flooring - Hardwood, Exterior Access, Open Floorplan, Remodeled

Kitchen
Lvl Main,First

18 x 15

Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Cabinets - Upgraded, Exterior Access, Open Floorplan, Recessed Lighting, Remodeled, Stainless Steel Appliances

Family Room
Lvl Main,First

23 x 12

Wood / Coal / Pellet Stove, Flooring - Hardwood, Exterior Access, Open Floorplan, Recessed Lighting, Remodeled

Primary Bedroom
Lvl Second

17 x 12

Bathroom - Full, Skylight, Vaulted Ceiling(s), Closet, Closet/Cabinets - Custom Built, Flooring - Hardwood, Recessed Lighting, Remodeled

Bedroom 2
Lvl Second

20 x 19

Bedroom 3
Lvl Second

12 x 10

Closet, Flooring - Hardwood, Remodeled

Bedroom 4
Lvl Main,First

15 x 13

Closet, Flooring - Hardwood, Recessed Lighting, Remodeled

Bathroom 1
Lvl First

Bathroom - Half, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile

Bathroom 2
Lvl Second

Bathroom - Full, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile, Cabinets - Upgraded, Remodeled, Wainscoting

Bathroom 3
Lvl Second

Bathroom - Full, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile, Recessed Lighting, Remodeled

Listing Provided By

Listing Agent: Steven White

Listing Office: William Raveis R.E. & Home Services

MLS® Number: 73580158