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3 Days on market
28 Preston Beach Road Marblehead — Photo 1 of 36

28 Preston Beach Road Marblehead — Photo 1 of 36

$1,050,000

Investment Analysis — 28 Preston Beach Road

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 1.89% cap rate and $19,834/yr in estimated NOI at the $1,050,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

4

Baths

3.5

SqFt

2,870

Style

Single Family

Built

1935

Stately 4-bedroom Colonial on a quiet family-friendly cul-de-sac across from Preston Beach. The sun filled first floor features a welcoming family room, spacious living room with fireplace, formal dining room, half bath, and kitchen with direct access to the deck - perfect for everyday living and entertaining. Upstairs, the generous primary bedroom has balcony access, as well as 2 bright bedrooms and a full bathroom. The finished third floor provides exceptional flexibility, ideal for an au pair suite, guest space, or older teen, with a bedroom and another full bath, plus lots of additional storage. The large dry basement, with a full bathroom could be reimagined as a kids’ playroom or home gym. Recent improvements include a brand new roof and fresh paint throughout the first and second floors. Outside, the large, fenced back yard is surrounded by beautiful, mature trees, combining serene privacy with access to the Marblehead Rail Trail, offering plenty of room for gardening & entertaining as well as a detached one-car garage. Offers, if any, are requested by 6:00 pm Monday, 9/14.

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 2,870 sq ft principal dwelling). Lot size: 7,858 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$1,050,000
Annual Taxes$11,083

Parking

Garage1
Off-Street5

Interior Specifications

Total Rooms8
Fireplaces1
FlooringWood, Tile
BasementFull, Partially Finished

Climate & Utilities

HeatingSteam
CoolingWindow Unit(s)
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningSFR

Property & Lot

Acres0.18
SqFt Lot7,858
Lot FeaturesWooded, Gentle Sloping

Amenities & Appliances

Gas Water Heater • Range • Dishwasher • Disposal • Microwave • Refrigerator • Freezer • Washer • Dryer • Range Hood

Neighborhood

Walk/Jog Trails • Bike Path

Geography

Floorplan Breakdown

Structural Layout

Third
Bedroom 4Bathroom 3
Second
Master BedroomBedroom 2Bedroom 3Bathroom 2
First
Living RoomDining RoomKitchenBathroom 1
Main,First
Family Room
Living Room
Lvl First

Flooring - Hardwood, Cable Hookup

Dining Room
Lvl First

Closet/Cabinets - Custom Built, Flooring - Hardwood, Crown Molding

Kitchen
Lvl First

Ceiling Fan(s), Closet/Cabinets - Custom Built, Flooring - Stone/Ceramic Tile, Dining Area, Balcony / Deck, Pantry, Countertops - Stone/Granite/Solid, Recessed Lighting, Stainless Steel Appliances, Gas Stove

Family Room
Lvl Main,First

Closet/Cabinets - Custom Built, Flooring - Hardwood, Lighting - Overhead

Master Bedroom
Lvl Second

Ceiling Fan(s), Flooring - Hardwood, Balcony - Exterior, Recessed Lighting

Bedroom 2
Lvl Second
Bedroom 3
Lvl Second

Flooring - Hardwood

Bedroom 4
Lvl Third

Flooring - Hardwood, Lighting - Overhead

Bathroom 1
Lvl First

Bathroom - Half, Window(s) - Bay/Bow/Box, Lighting - Pendant, Pedestal Sink

Bathroom 2
Lvl Second

Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile, Window(s) - Bay/Bow/Box

Bathroom 3
Lvl Third

Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile, Window(s) - Bay/Bow/Box, Lighting - Overhead, Pedestal Sink

Listing Provided By

Listing Agent: Catherine Malone

Listing Office: MerryFox Realty

MLS® Number: 73574431

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