49 Atlantic Ave, Marblehead, MA 01945
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$1,175,000
3 Unit
6 Beds
3 Baths
2534 SQFT
0.07 Acre

Property Description

Welcome to 49 Atlantic Ave, a charming 3-family property in the heart of downtown Marblehead. This well-maintained building boasts three spacious 2-bedroom, 1-bath units, each with its own distinct appeal. Each kitchen features upgraded cabinetry and granite countertops, blending modern style with functionality. Unit 1 has a newer FHA gas heating system (1 year old) with A/C, while Units 2 and 3 offer electric baseboard heating. The 2nd-floor unit showcases wide pine plank floors, while the 3rd unit boasts hand-scraped prefinished hardwood floors. Recessed lighting highlights the living spaces in both the 1st and 2nd-floor units. All units offer the added convenience of in-unit laundry and were fully renovated about 10 years ago with new kitchens and bathrooms. The property includes 3 off-street parking spaces and is just steps from Marblehead’s vibrant downtown with its shops & restaurants. Don’t miss this incredible investment opportunity in a prime coastal location!

Property Details tap to expand

Building Information

  • Total Units: 3
  • Total Floors: 6
  • Total Bedrooms: 6
  • Total Full Baths: 3
  • Amenities: Bike Path, Medical Facility, Public School, Public Transportation, Shopping
  • Basement Features: Full, Interior Access, Unfinished Basement
  • Common Rooms: Kitchen, Living Room, Sunroom
  • Common Interior Features: Tile Floor, Upgraded Cabinets, Upgraded Countertops
  • Common Appliances: Washer Hookup

Financial

  • APOD Available: Yes
  • Expenses Source: Owner Provided
  • Gross Operating Income: 62400
  • Gross Expenses: 5300
  • INSC: 5300
  • Net Operating Income: 57700

Utilities

  • Electric Info: Circuit Breakers, Underground
  • Utility Connections: for Electric Dryer, for Gas Range, Varies per Unit, Washer Hookup
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Under Lease: No
  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1910
  • Type: 3 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Hardwood, Tile, Wood
  • Lead Paint: Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73352992
  • Last Updated: 04/14/25
  • Terms: Contract for Deed, Rent w/Option

Property History tap to expand

Date Event Price Price/Sq Ft Source
04/14/2025Contingent$1,175,000$464MLSPIN
04/05/2025Active$1,175,000$464MLSPIN
04/02/2025New$1,175,000$464MLSPIN

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Seller's Representative: The Lopes Group, J. Barrett & Company
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2025-04-14 13:12:00