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24-26 Knight Ave Marblehead — Photo 1 of 25

24-26 Knight Ave Marblehead — Photo 1 of 25

$1,020,000

Investment Analysis — 24-26 Knight Ave

Marblehead, MA 01945

Based on rent reported on the MLS listing, a 2-unit multi-family in 01945 carries $2,700/mo in gross rent — about a 1.71% cap rate and $17,393/yr in estimated NOI at the $1,020,000 list price. Adjust every assumption in the calculator below.

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Beds

6

Baths

3

SqFt

2,862

Style

2 Family - 2 Units Side by Side

Built

1975

Thoughtfully updated side-by-side two-family in Marblehead's coveted West Shore neighborhood, just blocks from the ocean. Both residences feature a smart reverse layout, with the main living areas positioned on the upper level to capture seasonal water views over the neighborhood — and with selective additional tree trimming, there is real potential to open those views up year-round. The owner's unit centers on a brand-new, enlarged kitchen featuring all-new cabinetry, countertops, backsplash, designer lighting, and stainless appliances, supported by updated electrical, plumbing, and gas lines. A brand-new first-floor laundry closet, new half bath, and a new insulated front door add everyday comfort and convenience, while the sun-filled four-season sunroom — perched to take in the water views — may be the most coveted room in the house. Beyond the updates, the home offers a welcoming canvas to add your own touches over time. Interior access to a dedicated garage and basement completes the owner's side. The second unit mirrors the layout with its own private entrance, dedicated garage with interior access, private basement, and a fireplace — and it comes with a complete set of brand-new appliances included: built-in oven, microwave, cooktop, range hood, and refrigerator, ready for the next owner's vision as well as a recently renovated full bath. With a reliable tenant already in place, the income begins on day one. Live in one unit while the other works for you, or hold both as a long-term investment in a seaside town where property is cherished and rarely trades. Recent exterior improvements include a new roof, a freshly power-washed exterior, and professionally trimmed trees. Each unit enjoys its own dedicated garage, with six additional off-street parking spaces on a sunny corner lot — a genuine rarity this close to the water. All of it sits steps from the beach and parks, and just minutes from Marblehead Harbor and Old Town's shops and dining. An exceptional opportunity to secure updated, income-producing multi-family ownership in one of the North Shore's most beloved coastal neighborhoods.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.

Open Houses

Property Details

Financials

Original Price$1,020,000
Annual Taxes$7,231

Parking

Garage2
Off-Street8

Interior Specifications

Total Rooms12
Fireplaces1
FlooringTile, Vinyl
BasementFull, Walk-Out Access, Interior Entry, Garage Access, Concrete, Unfinished

Climate & Utilities

HeatingBaseboard
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningSR

Property & Lot

Acres0.19
SqFt Lot8,228
Lot FeaturesCorner Lot

Geography

Property History

Listed
$1,020,000

Sep 8, 2026

MLS® 73573004

Expired
$950,000

Dec 31, 2025

MLS® 73437380

Listed
$950,000

Sep 30, 2025

MLS® 73437380

Listing Provided By

Listing Agent: Sherwood & Company Team

Listing Office: Compass

MLS® Number: 73573004