244 Ocean Avenue Marblehead — Photo 1 of 42
$3,750,000
Investment Analysis — 244 Ocean Avenue
Marblehead, MA 01945 — Marblehead Neck
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 0.02% cap rate and $821/yr in estimated NOI at the $3,750,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
5.5
SqFt
6,241
Style
Single Family
Built
1960
Spacious and bright Marblehead Neck home with ocean views, deeded beach rights and a separate waterfront lot that is included with the sale. The main living areas are open-concept and perfect for entertaining! The dramatic primary suite has cathedral ceilings, a spacious sun-lit solarium, a luxurious marble bathroom and a separate fire-placed whirlpool/spa room. The home has 3 other bedrooms (one which can be a home office) plus a guest/au pair/in-law suite. Some of the many amenities include; the flexibility of the open living room/dining room/sitting room combination, 5 1/2 bathrooms, large fire-placed family room, numerous decks with ocean views, large sauna, exercise room, heated outdoor pool, fire-placed recreation room and heated 2-car attached garage. The property has deeded Beach Rights just steps away and owns an ocean-front parcel of land across the street on Ocean Avenue.
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 6,241 sq ft principal dwelling). Lot size: 22,999 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
Gas Water Heater • Water Heater • Range • Oven • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer • Range Hood • Instant Hot Water • Stainless Steel Appliance(s)
Neighborhood
Public Transportation • Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Golf
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,FirstFlooring - Wood, Window(s) - Picture, Balcony / Deck, French Doors, Deck - Exterior, Exterior Access, Open Floorplan, Recessed Lighting, Decorative Molding
Dining Room
Lvl Main,FirstFlooring - Wood, Window(s) - Picture, Open Floorplan, Lighting - Overhead, Decorative Molding
Kitchen
Lvl Main,FirstCloset/Cabinets - Custom Built, Flooring - Wood, Window(s) - Bay/Bow/Box, Dining Area, Pantry, Countertops - Stone/Granite/Solid, Countertops - Upgraded, Kitchen Island, Cabinets - Upgraded, Country Kitchen, Exterior Access, Open Floorplan, Recessed Lighting, Stainless Steel Appliances, Lighting - Overhead, Window Seat
Family Room
Lvl Main,FirstBathroom - Full, Cathedral Ceiling(s), Ceiling Fan(s), Closet/Cabinets - Custom Built, Flooring - Wood, Window(s) - Picture, Balcony / Deck, French Doors, Deck - Exterior, Exterior Access, Open Floorplan, Decorative Molding
Master Bedroom
Lvl SecondBathroom - Full, Bathroom - Double Vanity/Sink, Skylight, Cathedral Ceiling(s), Walk-In Closet(s), Closet, Flooring - Stone/Ceramic Tile, Flooring - Wall to Wall Carpet, Window(s) - Picture, Balcony / Deck, Balcony - Exterior, Hot Tub / Spa, French Doors, Deck - Exterior, Double Vanity, Exterior Access, Recessed Lighting, Lighting - Overhead
Bedroom 2
Lvl SecondBedroom 3
Lvl SecondCathedral Ceiling(s), Beamed Ceilings, Cedar Closet(s), Flooring - Wood
Bedroom 4
Lvl ThirdCloset, Flooring - Wood, Window(s) - Picture
Bathroom 1
Lvl FirstBathroom - Full, Bathroom - Double Vanity/Sink, Bathroom - Tiled With Shower Stall, Bathroom - With Shower Stall, Skylight, Cathedral Ceiling(s), Beamed Ceilings, Walk-In Closet(s), Flooring - Stone/Ceramic Tile, Window(s) - Picture, Hot Tub / Spa, Countertops - Stone/Granite/Solid, Jacuzzi / Whirlpool Soaking Tub, Bidet, Cabinets - Upgraded, Double Vanity, Dressing Room, Dryer Hookup - Dual, Dryer Hookup - Electric, Recessed Lighting, Steam / Sauna, Washer Hookup, Lighting - Overhead, Soaking Tub
Bathroom 2
Lvl FirstBathroom - Full, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile
Bathroom 3
Lvl SecondBathroom - Full, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile
Property History
$3,750,000
Jun 2, 2026
MLS® 73528472
$3,990,000
Nov 10, 2025
MLS® 73356553
$3,990,000
Apr 8, 2025
MLS® 73356553
Listing Agent: Traci Howe
Listing Office: Sagan Harborside Sotheby's International Realty
MLS® Number: 73528472
