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37 West Street Marblehead — Photo 1 of 31

37 West Street Marblehead — Photo 1 of 31

$770,000

Investment Analysis — 37 West Street

Marblehead, MA 01945

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-bedroom in 01945 carries an estimated $2,560/mo in gross rent — about a 2.19% cap rate and $16,841/yr in estimated NOI at the $770,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

2

Baths

2

SqFt

1,260

Style

Single Family

Built

1930

Adorable picture-perfect Cape in a quiet residential neighborhood overlooking Tedesco Country Club. This charming 2+ bedroom, 2-bath home showcases thoughtful updates and quality craftsmanship throughout. A custom mudroom welcomes you with an architectural brick floor, built-in bench and storage, paneled walls, and radiant heat. The open-concept living and dining area is anchored by a wood-burning fireplace, with new stainless steel chimney liner and features radiant-heated flooring throughout the entire first level. The beautifully updated kitchen offers custom designer paint colors, recessed lighting, and premium stainless-steel appliances, including a new Bertazzoni refrigerator and dishwasher, plus a Samsung gas range. The main level also includes a versatile bonus room with adjacent full bath, ideal as a first-floor primary suite, home office, playroom, or guest space. Upstairs, two generously sized bedrooms offer excellent closet space and share a fully renovated bath featuring a tray ceiling, mosaic marble tile flooring, Danby honed marble countertops, and elegant Thassos marble accents and backsplash.The unfinished lower level provides excellent storage and potential for future expansion. Outside, enjoy a low-maintenance yard and oversized garage with dedicated work area. A true contractor's home, the property has been extensively upgraded with a new Burnham gas heating system, Rinnai high-efficiency tankless water heater, new gas and water lines, new heating pipes, updated wiring, drywell, and water filtration system. Move-in ready and impeccably maintained, this is a rare Marblehead gem.

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: 630 sq ft (the lesser of 900 sq ft or half the 1,260 sq ft principal dwelling). Lot size: 4,016 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$770,000
Annual Taxes$6,506

Parking

Garage1
Off-Street3

Interior Specifications

Total Rooms6
Fireplaces1
FlooringTile, Hardwood, Pine, Brick, Flooring - Hardwood, Flooring - Stone/Ceramic Tile
BasementFull, Interior Entry, Radon Remediation System, Concrete, Unfinished

Climate & Utilities

HeatingBaseboard, Radiant, Natural Gas
CoolingWindow Unit(s), None
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningSR

Property & Lot

Acres0.09
SqFt Lot4,016
Lot FeaturesLevel

Amenities & Appliances

Gas Water Heater • Tankless Water Heater • Range • Dishwasher • Disposal • Refrigerator • Washer • Dryer • Water Treatment • Range Hood

Neighborhood

Public Transportation • Shopping • Walk/Jog Trails • Medical Facility • Bike Path • Public School

Geography

Floorplan Breakdown

Structural Layout

Second
Bathroom 2
First
Primary BedroomBedroom 2
Main,First
Living RoomDining RoomKitchenBathroom 1
Living Room
Lvl Main,First

14 x 11

Flooring - Hardwood, Lighting - Sconce, Lighting - Overhead

Dining Room
Lvl Main,First

15 x 11

Flooring - Hardwood, Lighting - Sconce, Lighting - Overhead

Kitchen
Lvl Main,First

14 x 14

Flooring - Stone/Ceramic Tile, Exterior Access, Recessed Lighting, Stainless Steel Appliances, Gas Stove, Peninsula, Lighting - Overhead

Primary Bedroom
Lvl First

16 x 10

Ceiling Fan(s), Closet, Flooring - Hardwood, Lighting - Overhead

Bedroom 2
Lvl First

16 x 9

Bathroom 1
Lvl Main,First

8 x 4

Bathroom - Full, Bathroom - Tiled With Tub & Shower, Ceiling Fan(s), Flooring - Stone/Ceramic Tile, Lighting - Sconce

Bathroom 2
Lvl Second

7 x 5

Bathroom - Full, Bathroom - Tiled With Tub & Shower, Ceiling Fan(s), Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Countertops - Upgraded, Recessed Lighting, Remodeled

Listing Provided By

Listing Agent: Elizabeth Walters

Listing Office: Coldwell Banker Realty - Marblehead

MLS® Number: 73573605