
3 Proctor St Manchester — Photo 1 of 40
Recent Drop: $505,000
$2,995,000
Investment Analysis — 3 Proctor St
Manchester, MA 01944
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 5-bedroom in 01944 carries an estimated $3,520/mo in gross rent — about a 0.34% cap rate and $10,112/yr in estimated NOI at the $2,995,000 list price. Adjust every assumption in the calculator below.
Beds
5
Baths
4
SqFt
3,582
Style
Single Family
Built
1955
Privately set on over an acre in one of Manchester-by-the-Sea’s most sought-after coastal neighborhoods, 3 Proctor offers convenience located just 0.4 miles from Singing Beach and moments from the Village’s shops and dining. Thoughtfully designed for both grand entertaining and everyday comfort, the home showcases expansive living areas, soaring vaulted ceilings, and dramatic floor-to-ceiling windows that bathe the interiors in natural light. Multiple fireplaces add warmth and character throughout. Recent improvements include beautifully refinished hardwood floors, fresh interior paint, and enhanced landscaping, ensuring a move-in-ready experience. The flexible floor plan features five bedrooms, highlighted by a generous primary suite and a private guest suite above the garage with its own entrance—ideal for extended stays or visiting guests. Coastal living, Reimagined.
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 3,582 sq ft principal dwelling). Lot size: 44,126 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
Gas Water Heater • Range • Oven • Dishwasher • Refrigerator • Washer • Dryer • Range Hood
Neighborhood
Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First26.916666666 x 21
Vaulted Ceiling(s), Flooring - Hardwood, Slider
Dining Room
Lvl First14.583333333 x 13.5
Vaulted Ceiling(s), Flooring - Hardwood, French Doors, Open Floorplan
Kitchen
Lvl First18.583333333 x 10.5
Flooring - Stone/Ceramic Tile
Family Room
Lvl First17.666666666 x 24.25
Flooring - Wood, Exterior Access
Primary Bedroom
Lvl First15.083333333 x 22.5
Bathroom - Full, Closet, Flooring - Hardwood
Bedroom 2
Lvl First15.083333333 x 9.416666666
Bedroom 3
Lvl First13.333333333 x 17.083333333
Fireplace, Flooring - Hardwood
Bedroom 4
Lvl First18.166666666 x 12
Closet, Flooring - Wall to Wall Carpet, Slider
Bedroom 5
Lvl First18.25 x 11.916666666
Flooring - Wall to Wall Carpet
Bathroom 1
Lvl First8.25 x 8.166666666
Bathroom - Full, Bathroom - With Tub & Shower
Bathroom 2
Lvl First15.083333333 x 5.833333333
Bathroom - Full, Bathroom - With Tub & Shower
Bathroom 3
Lvl First7.916666666 x 8
Bathroom - Full, Bathroom - With Tub & Shower
Property History
$2,995,000
Was $3,275,000
Aug 3, 2026
MLS® 73511830
$3,275,000
Was $3,500,000
Jul 3, 2026
MLS® 73511830
$3,500,000
May 3, 2026
MLS® 73511830
Listing Agent: Kristin Francoeur
Listing Office: Gibson Sotheby's International Realty
MLS® Number: 73511830