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352 Atlantic Avenue Marblehead — Photo 1 of 42

352 Atlantic Avenue Marblehead — Photo 1 of 42

$4,900,000

Investment Analysis — 352 Atlantic Avenue

Marblehead, MA 01945

Based on HUD Small Area Fair Market Rent, a 4-bedroom in 01945 carries an estimated $34,300/mo in gross rent — about a 5.56% cap rate and $272,397/yr in estimated NOI at the $4,900,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

4

Baths

6

SqFt

6,375

Style

Single Family

Built

1900

Set along Marblehead’s coveted coastline, this grand and gracious 4+ bedroom 5.5 bath residence offers an extraordinary opportunity to experience the very best of waterfront living. A grand circular driveway with a decorative imprinted asphalt finish creates an impressive arrival, setting the tone for the property's elegance and scale. Here, the ocean becomes part of everyday life, with a private outdoor oasis that includes a stunning Gunite pool and expansive patio - an exceptional setting for summer afternoons, poolside gatherings, and long evenings with family and friends. Just beyond, easy access to the beach invites you to step directly into the coastal lifestyle that makes this property so special. Inside, the scale and character of the home are immediately apparent. A magnificent two-story foyer welcomes you into beautifully proportioned rooms, architectural details, and gracious spaces designed equally for everyday family life and sophisticated entertaining. From the incredible living room and formal dining room to the expansive all season porch overlooking the pool and ocean, the home offers a remarkable combination of grandeur, comfort, and connection to the outdoors. With multiple entertaining spaces, generous bedroom accommodations, spectacular ocean views, and finished spaces on both the lower and upper levels, this home is meant to be enjoyed. The finished lower level offers great flexibility with a private bedroom, full bath and separate living area. With the potential to add a kitchenette, this space could easily serve as an in-law or au pair suite, or be transformed into a fabulous game room, media room or recreation space. This is a home where generations can gather, guests can stay comfortably, summer days can be spent by the pool and beach, and memories can be made for years to come.

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 6,375 sq ft principal dwelling). Lot size: 35,131 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.

Property Details

Financials

Original Price$4,900,000
Annual Taxes$40,419

Parking

Garage2
Off-Street12

Interior Specifications

Total Rooms13
Fireplaces4
FlooringTile, Carpet, Hardwood, Flooring - Stone/Ceramic Tile, Flooring - Wall to Wall Carpet, Flooring - Vinyl
BasementFull, Finished

Climate & Utilities

HeatingBaseboard, Oil
CoolingDuctless
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
RoofShingle
FoundationStone
ZoningSR

Property & Lot

Acres0.81
SqFt Lot35,131
Lot FeaturesEasements

Amenities & Appliances

Oven • Dishwasher • Disposal • Microwave • Range • Refrigerator • Freezer • Washer • Dryer

Neighborhood

Park • Walk/Jog Trails • Golf • Bike Path • Conservation Area

Geography

Floorplan Breakdown

Structural Layout

Second
Family RoomPrimary BedroomBedroom 2Bedroom 3Bedroom 4Bathroom 3
First
OfficeBathroom 1Bathroom 2
Main,First
Living RoomDining RoomKitchen
Living Room
Lvl Main,First

34.9 x 16.1

Flooring - Hardwood, Lighting - Overhead, Decorative Molding

Dining Room
Lvl Main,First

17.1 x 16.1

Flooring - Hardwood, Lighting - Overhead, Decorative Molding

Kitchen
Lvl Main,First

14.3 x 14.6

Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Kitchen Island, Breakfast Bar / Nook, Exterior Access, Recessed Lighting, Stainless Steel Appliances, Lighting - Pendant

Office
Lvl First

12.7 x 10.8

Flooring - Vinyl

Family Room
Lvl Second

16.4 x 22.4

Flooring - Laminate, Balcony - Exterior, French Doors

Primary Bedroom
Lvl Second

17.2 x 17.1

Closet, Flooring - Hardwood, Balcony - Exterior, French Doors, Decorative Molding

Bedroom 2
Lvl Second

15.6 x 16.11

Bedroom 3
Lvl Second

14.4 x 13.1

Bathroom - Full, Closet, Flooring - Hardwood

Bedroom 4
Lvl Second

13 x 13

Closet, Flooring - Hardwood

Bathroom 1
Lvl First

7.3 x 7.4

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

Bathroom 2
Lvl First

6.1 x 4.11

Bathroom - Half

Bathroom 3
Lvl Second

6.1 x 12.4

Bathroom - Full, Bathroom - Double Vanity/Sink, Bathroom - Tiled With Tub, Bathroom - With Shower Stall, Flooring - Stone/Ceramic Tile, Jacuzzi / Whirlpool Soaking Tub, Dressing Room

Listing Provided By

Listing Agent: Julie Sagan

Listing Office: Gibson Sotheby's International Realty

MLS® Number: 73583907