43 Ocean Ave
About This Property
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 21, 2025 | Sold | ||
| Sold | |||
| Oct 16, 2025 | In contract | - | |
| In contract | |||
| Oct 7, 2025 | Listed by The Proper Nest Real Estate | $1,000,000 | |
| Listed by The Proper Nest Real Estate | |||
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Just moments from Devereux Beach and Marblehead’s vibrant shops and restaurants, 43 Ocean Ave offers the perfect blend of coastal charm and modern comfort. Ideal for single-level living, the main floor features a beautifully renovated open-concept kitchen and dining area designed for both style and function. The chef’s kitchen showcases high-end appliances, a spacious island perfect for gathering, and a beverage fridge for effortless entertaining. Sunlight fills the inviting family room that features vaulted ceilings, access to the outside and a gas fire-place. Upstairs, two oversized bedrooms provide flexible options for guests, a home office, or additional family space. Enjoy the ease of living near the beach while still being close to all Marblehead has to offer—cafés, boutiques, and seaside strolls just outside your door. With its thoughtful layout, updated interiors, and prime location, 43 Ocean Ave is the ultimate blend of lifestyle and livability on the North Shore.
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| May 26, 2017 | Sold | ||
| Sold | |||
| Mar 7, 2017 | Listed by Coldwell Banker Residential Brokerage - Marblehead | $599,000 | |
| Listed by Coldwell Banker Residential Brokerage - Marblehead | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017