701 Mill St Marion — Photo 1 of 24
Recent Drop: $40,500
$608,500
Investment Analysis — 701 Mill 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 3.95% cap rate and $24,038/yr in estimated NOI at the $608,500 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2
SqFt
1,909
Style
Single Family
Built
1923
Constructed in 1923, this single-family residence at 701 Mill St, Marion, MA, offers 1909 square feet of updated living space. The residence provides three well-proportioned bedrooms, each designed to offer comfort and privacy. Complementing these are two full bathrooms, ensuring ample accommodation for residents and guests alike. Further enhancing the property's functionality is a single-car garage, providing secure parking and additional storage options. The .32 acre lot offers considerable outdoor space for various recreational pursuits or potential landscaping enhancements. We invite you to explore this distinguished Marion residence and envision the lifestyle it affords.
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 1,909 sq ft principal dwelling). Lot size: 13,800 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 MLS and other third-party data may be inaccurate or out of date.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 • Water Heater
Geography
Property History
$608,500
Was $609,000
Aug 6, 2026
MLS® 73525546
$609,000
Was $624,900
Jul 11, 2026
MLS® 73525546
$624,900
Was $649,000
Jun 18, 2026
MLS® 73525546
$649,000
May 27, 2026
MLS® 73525546
Listing Agent: Jason P. Lanagan
Listing Office: Lanagan & Co
MLS® Number: 73525546