For sale

Price cut: $75K (6/1)

$1,875,000

126 Pleasant St, Marblehead, MA 01945

6beds

5,578sqft

$11,032/mo

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5+ Family - 5+ Units Up/Down

Built in 1940

-- sqft lot

$1,427,000 Zestimate^®

$336/sqft

$-- HOA

What's special

Gas heating systems

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.

128 days

325

4

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 9
Full bathrooms: 5
1/2 bathrooms: 4

Features

Living Room, Kitchen
Flooring: Wood
Basement: Partial,Walk-Out Access
Number of fireplaces: 2
Fireplace features: Wood Burning

Interior area

Total structure area: 5,578
Total interior livable area: 5,578 sqft
Finished area above ground: 5,578

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Property

Parking

Parking features: Paved Drive
Has uncovered spaces: Yes

Features

Patio & porch: Deck - Wood
Exterior features: Balcony/Deck, Garden
Waterfront features: 3/10 to 1/2 Mile To Beach, Beach Ownership(Public)

Lot

Size: 5,009 Square Feet

Details

Parcel number: 2023989
Zoning: B1

Construction

Type & style

Home type: MultiFamily
Property subtype: 5+ Family - 5+ Units Up/Down

Materials

Frame, Brick
Foundation: Concrete Perimeter
Roof: Shingle,Rubber

Condition

Year built: 1940

Utilities & green energy

Electric: Circuit Breakers
Sewer: Public Sewer
Water: Public

Community & HOA

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

Location

Region: Marblehead

Financial & listing details

Price per square foot: $336/sqft
Tax assessed value: $1,149,900
Annual tax amount: $9,889
Date on market: 4/14/2026
Total actual rent: 10525

Estimated market value

$1,427,000

$1.21M - $1.67M

$7,228/mo

Price history

Date	Event	Price
6/1/2026	Price change	$1,875,000-3.8%$336/sqft
Source: MLS PIN #73501086 Report a problem
4/14/2026	Listed for sale	$1,950,000+572.4%$350/sqft
Source: MLS PIN #73501086 Report a problem
2/1/1995	Sold	$290,000$52/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$9,956 +27.9%	$1,100,100 +26.6%
2024	$7,787 -0.3%	$869,100 +11.3%
2023	$7,811	$781,100
2022	$7,811 +2.3%	$781,100 +6.5%
2021	$7,639 +6.7%	$733,100 +6.4%
2020	$7,157 -1%	$688,800 +2.4%
2019	$7,226 -0.2%	$672,800 +2.4%
2018	$7,238 +0.1%	$656,800
2017	$7,231 +0.5%	$656,800 +1.4%
2016	$7,192 +6.3%	$647,900 +6.1%
2015	$6,765	$610,600