468 Mill St Marion — Photo 1 of 42
Recent Drop: $100,000
$775,000
Investment Analysis — 468 Mill St
Marion, MA 02738
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-bedroom in 02738 carries an estimated $2,560/mo in gross rent — about a 2.48% cap rate and $19,192/yr in estimated NOI at the $775,000 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
1
SqFt
916
Style
Single Family
Built
1920
Rare opportunity in the heart of Marion Village with an ADU BUILDING PERMIT already IN HAND, offering immediate potential for expansion, rental income, guest accommodations, or multigenerational living. A standout feature of this property is the oversized garage with workshop - an exceptional opportunity for contractors, tradespeople, entrepreneurs, or anyone seeking a live-work lifestyle. Complete with a finished space above ideal for a private office, studio, or additional workspace, & tools included for a seamless transition, this versatile property is ready to support a variety of business or personal uses. Complementing these unique opportunities is a meticulously maintained ranch offering true one-level living in a prime in-town location. Just a short stroll to Tabor Academy and Marion Village, the home combines comfort and flexibility in one of the area's most sought-after coastal communities. Whether you're looking to live, work, invest, or expand this property offers it all!
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: 458 sq ft (the lesser of 900 sq ft or half the 916 sq ft principal dwelling). Lot size: 20,473 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.
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Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Stable(s)
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstKitchen
Lvl FirstMaster Bedroom
Lvl FirstBedroom 2
Lvl FirstProperty History
$775,000
Was $799,900
Jun 10, 2026
MLS® 73502687
$799,900
Was $875,000
May 18, 2026
MLS® 73502687
$875,000
Apr 16, 2026
MLS® 73502687
$775,000
Apr 16, 2026
MLS® 73534236
Listing Agent: Michelle Humphrey
Listing Office: Coldwell Banker Realty - Norwell - Hanover Regional Office
MLS® Number: 73502687
