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35 Arthur Avenue Marblehead — Photo 1 of 37

35 Arthur Avenue Marblehead — Photo 1 of 37

$1,995,000

Investment Analysis — 35 Arthur Avenue

Marblehead, MA 01945 — Chapel Pines

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 0.81% cap rate and $16,196/yr in estimated NOI at the $1,995,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

4

Baths

2.5

SqFt

3,992

Style

Single Family

Built

1949

Set on nearly three-quarters of an acre in a private Chapel Pines setting, this expansive 4/5-bedroom Colonial offers exceptional space, privacy, and a wonderful connection to the outdoors. Abutting conservation land, the beautifully landscaped grounds create a peaceful retreat with rolling lawns, irrigation, an outdoor shower, and an impressive 27’ x 38’ bluestone terrace designed for outdoor entertaining. Inside, hardwood floors extend throughout most of the home, complemented by tile in the bathrooms, mudroom and laundry room. The spacious kitchen is beautifully equipped with an oversized island, Sub-Zero refrigerator, six-burner Thermador range, Thermador dishwasher, wine cooler, and informal dining area. The family room provides an inviting place to gather, while the gracious living room features crown molding, custom built-ins, and a wood-burning fireplace. The formal dining room is equally well appointed with crown molding and a built-in china cabinet. Three wood-burning fireplaces—in the family room, living room, and lower level—bring warmth and character throughout the home.Upstairs, the exceptional primary suite is a true retreat, featuring a spacious walk-in closet, beautifully tiled bath with soaking tub and separate glass-enclosed shower, and a private composite deck overlooking the lush lawn and peaceful natural surroundings. Additional bedrooms provide plenty of space and flexibility for family, guests, or a home office. The finished, carpeted lower level offers additional living and recreation space along with the home’s third wood-burning fireplace, while a large unfinished basement area provides ample storage. A spacious walk-up attic offers even more valuable storage and future flexibility. Gas forced hot air heat and two mini-splits providing air conditioning and supplemental heat offer year-round comfort. A generous mudroom, two-car garage, paver driveway, seasonal water views, and convenient access to commuting routes complete this beautifully appointed home—a rare combination of space, privacy, and timeless character.

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 3,992 sq ft principal dwelling). Lot size: 27,007 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$1,995,000
Annual Taxes$14,721

Parking

Garage2
Off-Street6

Interior Specifications

Total Rooms10
Fireplaces3
FlooringWood, Tile, Carpet
BasementFull, Partially Finished, Interior Entry, Bulkhead, Sump Pump, Radon Remediation System

Climate & Utilities

HeatingForced Air, Natural Gas, Ductless
CoolingDuctless
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter, Stone
ZoningSF

Property & Lot

Acres0.62
SqFt Lot27,007
Lot FeaturesWooded, Level

Amenities & Appliances

Water Heater • Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer • Wine Refrigerator • Range Hood

Neighborhood

Public Transportation • Park • Walk/Jog Trails • Bike Path • Conservation Area • Private School

Geography

Floorplan Breakdown

Structural Layout

Second
OfficeMaster BedroomBedroom 2Bedroom 3Bedroom 4Bathroom 2Bathroom 3
First
Living RoomDining RoomKitchenFamily RoomBathroom 1
Living Room
Lvl First
Dining Room
Lvl First
Kitchen
Lvl First
Office
Lvl Second
Family Room
Lvl First
Master Bedroom
Lvl Second
Bedroom 2
Lvl Second
Bedroom 3
Lvl Second
Bedroom 4
Lvl Second
Bathroom 1
Lvl First
Bathroom 2
Lvl Second
Bathroom 3
Lvl Second
Listing Provided By

Listing Agent: Willis + Tierney

Listing Office: Compass

MLS® Number: 73573407