57 Days on Boardwalk PropertiesPrice Reduced $75,000
20
126 Pleasant St, Marblehead, MA 01945
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$1,875,000
6 Unit
6 Beds
9 Baths
5578 SQFT
0.11 Acre

Property Description

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.

Property Details tap to expand

Building Information

  • Total Units: 6
  • Total Floors: 4
  • Total Bedrooms: 6
  • Total Full Baths: 5
  • Total Half Baths: 4
  • Total Fireplaces: 2
  • Amenities: Bike Path, Conservation Area, Golf Course, House of Worship, Laundromat, Marina, Medical Facility, Park, Private School, Public School, Public Transportation, Shopping, Tennis Court, University, Walk/Jog Trails
  • Basement Features: Partial, Walk Out
  • Common Rooms: Kitchen, Living Room

Financial

  • APOD Available: No
  • Expenses Source: Estimated, Owner Provided
  • Gross Operating Income: 126300
  • Gross Expenses: 20000
  • Water/Sewer: 2000
  • INSC: 9000
  • Net Operating Income: 106300

Utilities

  • Electric Info: Circuit Breakers, Underground
  • 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: Yes
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Floors: 2
  • Levels: 2

Construction

  • Year Built: 1940
  • Type: 5+ Family - 5+ Units Up/Down
  • Construction Type: Aluminum, Brick, Frame
  • Foundation Info: Poured Concrete
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles, Rubber
  • Flooring Type: Wood
  • Lead Paint: Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73501086
  • Last Updated: 06/05/26

Property History tap to expand

Date Event Price Price/Sq Ft Source
06/05/2026Active$1,875,000$336MLSPIN
06/01/2026Price Change$1,875,000$336MLSPIN
04/18/2026Active$1,950,000$350MLSPIN
04/14/2026New$1,950,000$350MLSPIN

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Seller's Representative: Albert Lane, Coldwell Banker Realty - Marblehead
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 2026-06-05 03:05:00