24-26 Knight Ave, Marblehead, MA 01945
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$975,000
2 Unit
6 Beds
4 Baths
2862 SQFT
0.19 Acre

Property Description

Discover the potential at 24–26 Knight Avenue, a classic two-family in a desirable Marblehead neighborhood. The property offers a unique opportunity for developers, investors, or end-users looking to build equity. The owner’s unit will be delivered vacant, while the second unit is leased until the end of April, providing built-in rental income. Each unit has its own basement area and each has interior access to a garage. The property will require substantial updating and is being sold as-is, making it an excellent candidate for a condo conversion or a full renovation project. In the winter months, enjoy seasonal water views, adding to the long-term value and appeal. With its location, layout, and potential, 24–26 Knight Ave is a rare chance to create something special in Marblehead.

Property Details tap to expand

Building Information

  • Total Units: 2
  • Total Floors: 4
  • Total Bedrooms: 6
  • Total Full Baths: 2
  • Total Half Baths: 2
  • Total Fireplaces: 1
  • Basement Features: Concrete Floor, Full, Garage Access, Interior Access, Walk Out
  • Common Rooms: Dining Room, Kitchen, Living Room, Sunroom
  • Common Appliances: Washer Hookup
  • Common Heating: Gas, Hot Air Gravity, Hot Water Baseboard

Financial

  • APOD Available: No
  • Gross Operating Income: 28200
  • Net Operating Income: 28200

Utilities

  • Heat Zones: 4
  • Electric Info: 220 Volts, At Street
  • Utility Connections: Washer Hookup, for Electric Dryer, for Electric Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

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

Unit 2 Description

  • Included in Rent: None
  • Under Lease: Yes
  • Floors: 1
  • Levels: 2

Construction

  • Year Built: 1975
  • Construction Type: Aluminum, Frame
  • Foundation Info: Poured Concrete
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles, Rubber
  • Flooring Type: Bamboo, Vinyl
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73437380
  • Last Updated: 10/16/25
  • Terms: Contract for Deed, Rent w/Option

Property History tap to expand

Date Event Price Price/Sq Ft Source
10/04/2025Active$1,060,000$370MLSPIN
09/30/2025New$1,060,000$370MLSPIN

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Seller's Representative: Sherwood & Company Team, Compass
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 2025-10-16 19:47:00

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