Mixed-Use Multiunit Investment
126 Pleasant Street Marblehead, MA 01945
126 Pleasant Street, Marblehead, MA, 01945
$1,950,000
For Sale
$1,950,000
Solid 6-unit building offers four residential units and two long-term commercial units with separate utilities.
Property Size5,578 SF
Price / SF$349.59
Days on Market99
Property Features for 126 Pleasant Street
General Information
- Standard status
- Active
- Size
- 5,578 SF
- Property subtype
- Multi-family / 5+ Family - 5+ Units Up/Down
Building Details
- Year Built
- 1940
Listing agency
Coldwell Banker Realty - Marblehead
(781) 631-9511
Listed by
Albert Lane · License #9015138
(781) 631-9511
Source
Compass
Added: Apr 14 Updated: Jul 21 at 5:58AM Checked: Jul 21 at 5:58AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty - Marblehead
Investment Insights
Based on property information with market context.
This well-maintained mixed-use property includes six total units: four residential units and two commercial units. The residential layout consists of two 2-bedroom units and two 1-bedroom units. Each unit has separate utilities and gas heating systems. The building also has a common back yard and garden area, and recent work has been completed to the exterior, brick, and electric.
The property is located on Pleasant St in downtown Marblehead within the business district and features a strong rental history. The two commercial units are occupied by long-term tenants.
From a configuration standpoint, the separation of utilities across all units supports independent operations within the same building.
The property is located on Pleasant St in downtown Marblehead within the business district and features a strong rental history. The two commercial units are occupied by long-term tenants.
From a configuration standpoint, the separation of utilities across all units supports independent operations within the same building.
Key Highlights
- Solid 6‑unit investment property in downtown Marblehead business district on Pleasant St
- Unit mix: four residential units (two 2BR and two 1BR) plus two long‑term commercial units
- Separate utilities for all units, each with gas heating systems
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $133.9k | $24.00 |
| − Vacancy | −$2.9k | −$0.53 |
| EGI | $130.9k | $23.47 |
| − OpEx | −$39.3k | −$7.04 |
| NOI | $91.6k | $16.43 |
5,578 SF · lease $24.00/SF/yr · vacancy 2.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.31M
$1.15M – $1.53M
NOI $91,649 @ 7.0% cap · market cap 4.70%
Second Best
Apartment 5plus
$1.21M
$1.06M – $1.41M
NOI $84,821 @ 7.0% cap · market cap 4.35%
Theoretical Best
Office A
$3.30M
$2.89M – $3.85M
NOI $231,151 @ 7.0% cap · market cap 11.85%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Katsoulakos Tailor
(Bike/Boat/Book/etc) Store
Hooked Nutrition
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Solid 6-unit building offers four residential units and two long-term commercial units with separate utilities.
Where is this apartment building located?
The property is located at 126 Pleasant Street Marblehead, MA.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Solid 6‑unit investment property in downtown Marblehead business district on Pleasant St; Unit mix: four residential units (two 2BR and two 1BR) plus two long‑term commercial units; Separate utilities for all units, each with gas heating systems
