126 Pleasant St, Marblehead MA 01945
Marblehead, MA 01945
$1,950,000
$1,875,000
Est. $10,505/month
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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.
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Recently Sold Nearby
Property History
Market Insights
1
Price Changes
3.8%
Price Range
Property Timeline
Price Reduced
Jun 1, 2026
$1,875,000
$75,000
(-3.85%)
From $1,950,000 to $1,875,000 (-3.9%)
Listed for Sale
Apr 14, 2026
$1,950,000
Original listing
Agent: Albert Lane
Office: Coldwell Banker Realty - Marblehead
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 06/01/2026 | ↓ Price Reduced | $1,875,000 | $75,000 | - | From $1,950,000 to $1,875,000 (-3.9%) |
| 04/14/2026 | 🏠 Listed for Sale | $1,950,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2026 | $9,889 | $1,149,900 |
Financial Details
Annual Property Tax
$9,889
Tax Year 2026
Assessed Value
$1,149,900
Facts & Features
Home Facts
Type
Residential Income
Style
5+ Family - 5+ Units Up/Down
Year Built
1940
Living Area
5,578 sq ft
Lot Size
0.11 acres
Bedrooms
6
Full Baths
5
Half Baths
4
Total Rooms
18
Investment Metrics
Units
6
Unit 1 Rent
$975/mo · N
Unit 2 Rent
$1,650/mo · Y
Unit 3 Rent
$2,500/mo
Unit 4 Rent
$2,300/mo
Total Monthly Rent
$7,425/mo
Gross Income
$126,300
Net Operating Income
$106,300
Operating Expenses
$20,000
Water/Sewer Expense
$2,000
Insurance Expense
$9,000
Cap Rate
5.67%
Interior
Heating
None
Cooling
None
Flooring
Wood
Appliances
None
Fireplace
Wood Burning
Fireplaces
2
Basement
Partial, Walk-out Access
Laundry
None
Features
Living Room, Kitchen
Exterior
Construction
Frame, Brick
Architecture
None
Roof
Shingle, Rubber
Features
Balcony/deck, Garden
Pool
None
Spa
None
Fencing
None
Patio/Porch
Deck - Wood
Parking
Features
Paved Drive
Utilities
Electric
Circuit Breakers
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$9,889
Assessed Value
$1,149,900
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Seller Disclosures
Please Allow A Minimum Of 24 Hour Notice To Schedule Appointments
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Sq Ft Source
Public Record
Documents
None
County
Essex
Total market time (incl. prior listings)
52 days
Property Overview
Property Type
5+ Family - 5+ Units Up/Down
Listing Type
For Sale
Year Built
1940
Bedrooms
6
Full Bathrooms
5
Half Bathrooms
4
Living Area
5,578 sq ft
Total Rooms
18
Stories
4
Levels
4
Floor Layout
Interactive room guide
Floor Layout
Finished Area
5,578 sq ft above grade
Display Options
Outdoor Areas
Patio & porchDeck - Wood
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Wood
Appliances:
Interior Features:
Living Room, Kitchen
Windows:
Basement:
Partial, Walk-Out Access
Laundry:
Security:
Construction & Materials
Year Built:
1940
Structure Type:
Exterior Materials:
Frame, Brick
Roof:
Shingle, Rubber
Foundation:
Concrete Perimeter
Stories:
4
Heating, Cooling & Utilities
Heating:
Cooling:
Hot Water:
Natural Gas
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Balcony/Deck, Garden
Patio & Porch:
Deck - Wood
Fencing:
Other Structures:
Lot Features:
Road Surface:
Parking & Garage
Parking Features:
Paved Drive
Special Features
Fireplaces:
2
Fireplace Type:
Wood Burning
Community Amenities:
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
Nearby Schools
School District
Marblehead School District local
A-
School Safety
2024-25
0.4%
Low
0.4%
Suspensions
0.2%
In-School
5.1% below state avg
Elementary Schools
3 schools
Devereux - Marblehead
0.7 mi
Grades PK-12
A
Lucretia and Joseph Brown School
0.8 mi
|
#161 of 824
|
Score: 56.6
Dropped 60 spots from last year
-1.6 below state avg
445 students
Moderate
Grades PK-03
Tower School
0.9 mi
Grades PK-08
Middle Schools
3 schools
A-
Marblehead Veterans Middle School
0.3 mi
|
#83 of 352
|
Score: 51.5
Dropped 30 spots from last year
-6.7 below state avg
411 students
Less Diverse
Grades 07-08
B+
Village School
0.5 mi
|
#253 of 824
|
Score: 52.3
Dropped 64 spots from last year
-5.9 below state avg
529 students
Moderate
Grades 04-06
B+
Marblehead Community Charter Public School
0.6 mi
|
#115 of 352
|
Score: 48.0
Improved 94 spots from last year
-10.2 below state avg
192 students
Moderate
Rising School
Strong Attendance
Grades 04-08
High Schools
3 schools
A-
Marblehead High School
0.9 mi
|
#80 of 346
|
Score: 62.1
Dropped 37 spots from last year
+3.9 above state avg
861 students
Less Diverse
20 sports
• 2,426 athletes
Strong AP Program
High Graduation Rate
Career Tech Programs
College Ready Curriculum
Grades 09-12
B+
Salem Academy Charter School
1.8 mi
|
#139 of 346
|
Score: 56.7
Improved 97 spots from last year
-1.5 below state avg
480 students
Diverse
10 sports
• 568 athletes
High Graduation Rate
Rising School
College Ready Curriculum
Grades 06-12
B
Salem High School
2.7 mi
|
#144 of 346
|
Score: 56.1
Dropped 24 spots from last year
-2.1 below state avg
952 students
Diverse
18 sports
• 1,080 athletes
Early College Program
Career Tech Programs
College Ready Curriculum
Strong Athletics
Grades 09-12
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Monthly Payment Calculator
Monthly Payment
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Principal, interest, taxes & insurance
Loan Amount
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After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
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Down: $0
%
Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$824
Homeowners Insurance
$200
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
$0
Total principal paid
$0
Total interest paid
$0
Rate Impact
-0.5% Rate
$0/mo
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Current Rate
$0/mo
+0.5% Rate
$0/mo
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Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.
Location
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Neighborhood
126 Pleasant St, Marblehead MA 01945
Marblehead, MA 01945
Listing Information
Listing Office
Coldwell Banker Realty - Marblehead
Office Phone
781-631-9511
Agent MLS ID
C7502888
Office MLS ID
AN6221
Listing Data Updated
Jun 5, 2026 3:05 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
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