264 Washington Street

Marblehead, MA 01945

$715,000
Last Sold Price
8
Beds
6
Baths
3,739 Sq. Ft.
$191 / Sq. Ft.
3,739
Sq. Ft.
$191
per Sq. Ft.

Description

Six-Family Income Property located in the heart of downtown Marblehead. All fully occupied units: Four 1-bedroom apartments in one building and Two 2-bedroom apartments in the other (brick) building. All utilities except water are separately metered. Conveniently located for tenants who would like to walk to all conveniences and have easy access to public transportation. Building has had many updates. 5 out of the 6 units have been updated including kitchens and windows, 4 upgraded heating units...Six-Family Income Property located in the heart of downtown Marblehead. All fully occupied units: Four 1-bedroom apartments in one building and Two 2-bedroom apartments in the other (brick) building. All utilities except water are separately metered. Conveniently located for tenants who would like to walk to all conveniences and have easy access to public transportation. Building has had many updates. 5 out of the 6 units have been updated including kitchens and windows, 4 upgraded heating units and various bathroom improvements as well. 4 car off-street parking. Great investment opportunity!
  1. Listed by Cressy Team • J. Barrett & Company

Property Details for 264 Washington Street

Town
Marblehead
Area
MA-Marblehead
Garage Spaces
0
Parking Spaces
4.00
Parking Spaces Total
4

Location

Listing Courtesy of J. Barrett & Company, Cressy Team

Sold By RE/MAX 360, Kathleen Sullivan

Add your commute
LISTING UPDATED: 08/06/2022 06:08 AM

Property Details for 264 Washington Street

StatusSold
MLS #71786107
Days on Market15
Taxes$5,629 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 5-9 Family
Year Built1860
CountyEssex County

Location

Listing Courtesy of J. Barrett & Company, Cressy Team

Sold By RE/MAX 360, Kathleen Sullivan

Add your commute

Building Information for 264 Washington Street

Stories9Residences6Year Built1860Building Size-Lot Size0.07 AC / 3,005 SF

Payment Calculator

$4,371 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,902

Property Taxes

$469

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 264 Washington Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Laundromat, Bike Path, Conservation Area, Private School, Public School
  • Current Financing: Conv. Fixed
  • Living Area: 3739.0
  • Color: green
  • Total Units: 6
  • Waterfront: No
  • Year Built Details: Approximate
  • Year Built Source: Public Records
Features
Interior Features
  • Appliances: Unit 1(Range, Refrigerator), Unit 2(Range, Unit 3(Range, Unit 4(Range, Oil Water Heater, Gas Water Heater
  • Basement Features: Partial, Sump Pump
  • Num of Baths: 6.0
  • Num of Full Baths: 6
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 6.00
  • Bathrooms Total Integer: 6
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Wood
  • Interior Features: Unit 1 Rooms(Living Room, Kitchen), Unit 2 Rooms(Living Room, Unit 3 Rooms(Living Room, Unit 4 Rooms(Living Room
Exterior Features
  • Construction: Frame
  • Exterior Features: Balcony, Rain Gutters
  • Exterior Features: City View(s), Balcony
  • Roof Material: Shingle
  • View: City
  • View: Yes
  • Waterfront Features: Beach Front, Ocean, Walk to, 1 to 2 Mile To Beach, Beach Ownership(Public)
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Paved Drive, Off-Street
  • Open Parking: Yes
  • Parking Features: Paved Drive, Off-Street
  • Parking Features: Off-Street
Utilities
  • Electric: Fuses, Circuit Breakers, 200+ Amp Service
  • Heating: Unit 1(Gas), Unit 2(Gas), Unit 3(Gas), Unit 4(Gas)
  • Heating: Yes
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • UFFI: Unknown
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Disclosures: One out of the 6 furnaces is oil. The rest are gas.
Tax Information
  • Tax ID: 2023937
  • Assessments: $508,000
  • Book: 28277
  • Tax Year: 2015
  • Zoning: CR
Building / Association Information
Living Characteristics
  • Beds Total: 8
  • Total Living Levels: 9
Other Building Characteristics
  • Foundation: Stone
  • Heat Units: 6
Income / Expenses
  • GOI: $34,200.00
  • NOI: $34,200.00
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: Y
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 1
  • Lease U2: N
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 2
  • Lease U3: N
  • Levels U3: 1
Unit 4 Description
  • Floor U4: 4
  • Lease U4: N
  • Levels U4: 1
Rental Info
Rental Info
  • Total Actual Rent: $5,050.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2.5
  • Other Agent Compensation: 1.0

Property History for 264 Washington Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 264 Washington Street

Taxable ValueLand$529,500Additions$468,800Total$998,300
Tax Record2024$8,945 ($745 / month)
Home Facts
Baths6Total Finished SqFt3,739 SqFtAbove Grade Finished SqFt3,739 SqFtUnfinished Basement SqFt1,208 SqFtStories2Lot Size3,020 SqFtStyleMulti-Family Res (5+ Units)Year Built1860ZoningCRCountyESSEXAPNMARB M:0115 B:0055 L:0Fireplace TypeHas Fireplace

Schools near 264 Washington Street

This home is within Marblehead School District.
Rating
School
Type
Grades
Distance
Public - K to 1
Public - 7 to 8
Public - 9 to 12
Public - 1 to 2
Rating
School
Distance
Elbridge Gerry
PublicK to 1

Marblehead Veterans Middle School
Public7 to 8

Marblehead High School
Public9 to 12

L H Coffin
Public1 to 2

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of J. Barrett & Company, Cressy Team

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, 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., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.