$1,875,000
$75K PRICE DROP

126 Pleasant St Marblehead, MA 01945

Estimated payment $10,991/month

Total Views 7,994
6 Beds
9 Baths
5,578 Sq Ft
$336 Price per Sq Ft

Highlights

  • Beach Front
  • Marina
  • Medical Services
  • Marblehead High School Rated A-
  • Golf Course Community
  • Deck

About This Home

Solid 6 unit investment property features 4 residential units and 2 commercial units . Located on Pleasant St in downtown Marblehead in the business district. The residential units are comprised of 2, 2 bedroom units and 2 one bedroom units. Separate utilities for all units with gas heating systems. Strong rental history for this building with all units. 2 Commercial units have been long term tenants. There is a common back yard and garden area. A well maintained property with recent work done to exterior, brick and electric.

Listing Agent

Albert Lane

Coldwell Banker Realty - Marblehead Listed on: 04/14/2026

Coldwell Banker Realty - Marblehead

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,889

Year Built

  • Built in 1940

Lot Details

  • 5,009 Sq Ft Lot
  • Beach Front
  • Garden

Home Design

  • Brick Exterior Construction
  • Frame Construction
  • Shingle Roof
  • Rubber Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 5,578 Sq Ft Home
  • Property has 1 Level
  • 2 Fireplaces
  • Wood Burning Fireplace
  • Living Room
  • Wood Flooring

Bedrooms and Bathrooms

  • 6 Bedrooms

Basement

  • Walk-Out Basement
  • Partial Basement

Parking

  • Driveway
  • Open Parking

Outdoor Features

  • Balcony
  • Deck

Location

  • Property is near public transit and schools

Listing and Financial Details

  • Assessor Parcel Number 2023989

Community Details

Overview

  • 6 Units
  • Near Conservation Area

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Marina
  • Golf Course Community
  • Tennis Courts
  • Park
  • Jogging Path
  • Bike Trail

Building Details

  • Insurance Expense $9,000
  • Water Sewer Expense $2,000
  • Operating Expense $20,000
  • Net Operating Income $106,300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,889

Year Built

Built in 1940

Lot Details

5,009 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5+ Family - 5+ Units Up/Down
  • Year Built: 1940
  • Levels: 4
  • Year Built Details: Approximate
  • Year Round: Yes
  • APOD AVAILABLE: No
  • Special Features: VirtualTour
  • Stories: 4

Interior Features

  • Flooring: Wood
  • Interior Amenities: Living Room, Kitchen
  • Fireplace Features: Wood Burning
  • Fireplace YN: Yes
  • Fireplaces: 2
  • Total Bedrooms: 6
  • Basement YN: Yes
  • Full Bathrooms: 5
  • Half Bathrooms: 4
  • Total Bathrooms: 9
  • Basement: Partial, Walk-Out Access
  • Above Grade Finished Sq Ft: 5578
  • Living Area: 5578
  • Spa YN: No
  • Stories Total: 4
  • MAIN LO: AN6181

Exterior Features

  • Exterior Features: Balcony/Deck, Garden
  • Construction Materials: Frame, Brick
  • Foundation Details: Concrete Perimeter
  • Home Warranty YN: No
  • Patio And Porch Features: Deck - Wood
  • Road Frontage Type: Public
  • Roof: Shingle, Rubber
  • Waterfront Features: 3/10 to 1/2 Mile To Beach, Beach Ownership(Public)
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive

Utilities

  • Sewer: Public Sewer
  • Electric: Circuit Breakers
  • Water Source: Public
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, House of Worship, Marina, Private School, Public School, University
  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 2000

Lot Info

  • Parcel Number: 2023989
  • Zoning: B1
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.11
  • Lot Size Sq Ft: 5009
  • Lot Size Units: Acres

Tax Info

  • Tax Year: 2026
  • Tax Annual Amount: 9889.14

Multi Family

  • Insurance Expense: 9000
  • Net Operating Income: 106300
  • Number Of Units Total: 6
  • Operating Expense: 20000
  • Total Actual Rent: 10525
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 3: 2
  • LEASE 2: Y
  • LEASE 1: N
  • FLRS 3: 2

Map

Range of Values:

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Value Increase
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/01/2026 06/01/26 Price Changed $1,875,000 -3.8% $336 / Sq Ft
04/14/2026 04/14/26 For Sale $1,950,000 -- $350 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Deed $290,000 --
Deed $290,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Open $465,000 Commercial
Closed $329,000 Commercial
Closed $230,000 Commercial
Source: Public Records

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73501086

MLS Property Information Network (MLS PIN)

APN: MARB-000116-000043

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