Six-Unit Mixed-Use
126 Pleasant Street Marblehead, MA 01945
126 Pleasant Street, Marblehead, MA, 01945
$1,875,000
For Sale
$1,875,000
Mixed residential and retail income property with separate utilities, gas heat, and a shared backyard area.
Property Size5,578 SF
Price / SF$336.14
Days on Market134
Property Features for 126 Pleasant Street
General Information
- Standard status
- Active
- Size
- 5,578 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1940
Listing agency
Coldwell Banker Realty - Marblehead
Listed by
Albert Lane
(617) 694-0004
Source
Somervillelofts
Added: Mar 10 Updated: Jul 21 at 2:16PM Checked: Jul 21 at 2:16PM
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 six-unit mixed-use property includes four residential units and two commercial units. The residential mix consists of two two-bedroom units and two one-bedroom units. Each unit has separate utilities and gas heating systems. The building also features a common back yard and garden area.
Located on Pleasant St in downtown Marblehead’s business district, the property is configured to support both long-term commercial tenancy and consistently occupied residential units, with a strong rental history reported for the building. The exterior, brick, and electrical have had recent work completed, and the property is described as well maintained.
Overall, the asset offers a straightforward income-producing setup with separate service for all units and on-site shared outdoor space.
Located on Pleasant St in downtown Marblehead’s business district, the property is configured to support both long-term commercial tenancy and consistently occupied residential units, with a strong rental history reported for the building. The exterior, brick, and electrical have had recent work completed, and the property is described as well maintained.
Overall, the asset offers a straightforward income-producing setup with separate service for all units and on-site shared outdoor space.
Key Highlights
- Solid 6‑unit mixed‑use building with 4 residential units and 2 commercial units
- Residential unit mix: two 2‑bedroom units and two 1‑bedroom units
- Separate utilities for all units 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 4.89%
Second Best
Apartment 5plus
$1.21M
$1.06M – $1.41M
NOI $84,821 @ 7.0% cap · market cap 4.52%
Theoretical Best
Office A
$3.30M
$2.89M – $3.85M
NOI $231,151 @ 7.0% cap · market cap 12.33%
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 - Mixed residential and retail income property with separate utilities, gas heat, and a shared backyard area.
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 $1,875,000.
What are key features of this property?
This property features: Solid 6‑unit mixed‑use building with 4 residential units and 2 commercial units; Residential unit mix: two 2‑bedroom units and two 1‑bedroom units; Separate utilities for all units with gas heating systems
