Single Family for Sale: 261-1 Washington Street, Marblehead, MA 01945

1,048 sqft
$949,000
$949,000
261-1 Washington Street, Marblehead, MA 01945
1,048 sqft
$949,000
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Price:
$949,000
$50,000 - 10/07/2024

Type Single Family
Square Feet 1,048 sqft
Lot Size 0.14 acres
Year Built 1900

City Marblehead
County Essex

MLS 73261361
Status Active
DOM 173 days
Wonderful opportunity for investors! $40K+ annual revenue from tenant, 6%+ cap rate. This is a commercial condo in prime downtown location with ample off-street parking. Sale is for the first floor condo-Unit 1, building only, with right to the basement. Current tenant manages successful restaurant. This unit has been owned by same owner for past 30+ years and has always been occupied by profitable and popular restauranteurs. This would be the ideal model for the next owner. This is a two unit condo association and second unit is on second floor and is a day spa separately owned. Showings only when restaurant is not open. Well managed and well maintained condo ready for you to become the new owner today.

Lot & Building Features

Construction Brick, Subdivided, Frame

Price History of 261-1 Washington Street, Marblehead, MA

Date Name Price Difference
10/07/2024 Price Adjustment $949,000 5.01%
07/08/2024 Listing Price $999,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Comparable Properties Sold Near By

Low
$710,000
$692 / sqft
Average
$754,333
$704 / sqft
High
$828,000
$683 / sqft

Address City Zip Beds Baths Price Sq. Ft. $/SQFT Sold Date
This Listing Marblehead 01945 0 0.0 $949,000 1,048 $906 N/A
37 Bubier Rd Marblehead 01945 2 1.0 $725,000 978 $741 05/14/2024
107 Village St Marblehead 01945 3 1.0 $828,000 1,212 $683 06/14/2024
16 Prince St Marblehead 01945 2 1.0 $710,000 1,026 $692 08/30/2024

Map of 261-1 Washington Street, Marblehead, MA

Location Map Street View
Photo of Kevin Garrabrant
Direct: 603-333-3353
Office
200 Rockingham Road.
Londonderry, NH 03053
603-437-4447
Listed by Sagan Harborside Sotheby's International Realty, Lynne Breed
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261-1 Washington Street (MLS #73261361) is a single family home located in Marblehead, MA. This single family home is 1,048 sqft and on a lot of 5,967 sqft (or 0.14 acres) and is 124 years old. This property was listed on 07/08/2024 and has been priced for sale at $949,000.

The 2 bedroom single family home at 37 Bubier Rd in Marblehead is nearby and sold for $725,000 on 05/14/2024. Another nearby 2 bedroom single family home, 16 Prince St in Marblehead sold for $710,000 on 08/30/2024.

Nearby zip codes are 01905, 01907, 01915, 01960 and 01970. This property neighbors other cities such as Beverly, Danvers, Peabody, Salem and Swampscott.

MLS PIN

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Sagan Harborside Sotheby's International Realty

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.