23 Ocean Street Manchester — Photo 1 of 36
$4,700,000
Investment Analysis — 23 Ocean Street
Manchester, MA 01944
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 01944 carries an estimated $3,190/mo in gross rent — about a -0.11% cap rate and $-5,059/yr in estimated NOI at the $4,700,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
4
SqFt
3,018
Style
Single Family
Built
1966
Sense of place is the initial impression one ascribes of 23 Ocean Street in Manchester-by-the-Sea. This spectacular Contemporary home could easily be sited on the rugged Northern California coast, yet here we are on the refined North Shore of Boston. The property overlooks White Beach, the coastal marshes spreading toward Black Beach and the open Atlantic Ocean. The elevated position above the shoreline ensures privacy and enhances the rhythm of the sea. The great room has cathedral ceilings, fireplace, bookcases and walls of glass that frame the ever-changing views. Sliders lead out to magnificent multi-level decks that provide sublime entertaining spaces. The kitchen features contemporary white cabinetry, high-end appliances (Thermador, SubZero, Meile). The primary suite has luxe bathroom, fireplace and a home office in the tower. How cool! An intimate library, two additional bedrooms, one en-suite rounds out this level. First level bonus room with bath, two car garage & gardens.
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 3,018 sq ft principal dwelling). Lot size: 51,100 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.
Immersive Experience
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Water Heater • Oven • Dishwasher • Microwave • Range • Refrigerator • Washer • Dryer
Neighborhood
Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Golf • Conservation Area
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl SecondCathedral Ceiling(s), Closet/Cabinets - Custom Built, Flooring - Hardwood, Balcony / Deck, Cable Hookup, Deck - Exterior, Open Floorplan, Slider
Dining Room
Lvl SecondCathedral Ceiling(s), Flooring - Hardwood, Deck - Exterior, Slider
Kitchen
Lvl SecondFlooring - Stone/Ceramic Tile, Window(s) - Bay/Bow/Box, Dining Area, Balcony / Deck, Countertops - Stone/Granite/Solid, Wet Bar, Cabinets - Upgraded, Remodeled, Peninsula, Lighting - Pendant
Office
Lvl ThirdCeiling - Vaulted, Flooring - Hardwood, Deck - Exterior
Family Room
Lvl SecondCloset/Cabinets - Custom Built, Flooring - Wall to Wall Carpet, Cable Hookup, Recessed Lighting
Master Bedroom
Lvl SecondWalk-In Closet(s), Cedar Closet(s), Closet/Cabinets - Custom Built, Flooring - Wall to Wall Carpet, Balcony / Deck, Deck - Exterior, Slider, Half Vaulted Ceiling(s)
Bedroom 2
Lvl SecondBedroom 3
Lvl SecondBathroom - Full, Closet, Flooring - Hardwood, Deck - Exterior, Slider
Bathroom 1
Lvl SecondBathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Remodeled, Lighting - Sconce, Soaking Tub
Bathroom 2
Lvl SecondBathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Marble, Countertops - Stone/Granite/Solid
Bathroom 3
Lvl SecondBathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Marble, Countertops - Stone/Granite/Solid
Property History
$4,700,000
Jun 16, 2026
MLS® 73536845
$5,990,000
Oct 14, 2025
MLS® 73293228
$5,990,000
Sep 21, 2024
MLS® 73293228
Listing Agent: Scott Smith
Listing Office: Coldwell Banker Realty - Manchester
MLS® Number: 73536845
