31 Main St Marion — Photo 1 of 29
$1,195,000
Investment Analysis — 31 Main St
Marion, MA 02738
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 02738 carries an estimated $3,080/mo in gross rent — about a 1.69% cap rate and $20,227/yr in estimated NOI at the $1,195,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2
SqFt
1,935
Style
Single Family
Built
1821
One of a kind Marion antique home located in the heart of the village directly adjacent to the Marion General Store and Kate’s, and close to the Beverly Yacht Club, Sippican Tennis Club, and Tabor Academy. For those who appreciate the village hustle and bustle, it does not get much better than this. The large lot with beautiful yard, and detached single car garage with its small driveway, is a village luxury. Head inside to old-house charm with a spacious open living room and kitchen with breakfast bar, an entry hall with laundry, a 1st floor primary bedroom with a slider to a small back deck and an ensuite bath, a dining room, a small sunroom, and upstairs 2 guest bedrooms and a hall full bath. There’s a basement that is well maintained and used by the current owner for storage. 2 fireplaces. Central AC. Automatic generator. Natural gas. Town water and sewer. Serious inquiries only please. 48-hr advance notice, at a minimum, required for all showings.
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 1,935 sq ft principal dwelling). Lot size: 9,800 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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Electric Water Heater • Range • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Stable(s)
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstDining Room
Lvl FirstMaster Bedroom
Lvl FirstBedroom 2
Lvl SecondBedroom 3
Lvl SecondBathroom 1
Lvl FirstBathroom 2
Lvl FirstBathroom 3
Lvl SecondListing Agent: Christopher M. Demakis
Listing Office: Demakis Family Real Estate, Inc.
MLS® Number: 73520843
