Movoto Real Estate
Sold on 08/12/2023

59 Gregory St, Marblehead, MA 01945

$1,513,000

Last sold 08/12/2023 for $1.31M

  • 4

    bed

  • 4

    bath

  • 2,923

    Sqft ($448/Sqft)

Multi-family not for sale

About 59 Gregory St

Property type Multi-family
Year built 1860
HOA fee $0/month
Lot size 8,175 Sqft
Movoto estimate
Parking 2 garage spaces
Rental estimate
Property description
Rare 4-family located on one of Marblehead's most desirable streets in the Shipyard District. Amazing opportunity to update this historic property to its original single family status, or earn rental income from the existing four 1-bed apartments. Expand into the large walk-up attic with widow's walk and harbor views. The partially finished walk-out basement would be ideal for home-office use. An oversized detached garage accommodates 2 cars and has a partially finished "bonus room" on the second level, heated by propane. Garage bays have additional electric heat, 10' ceilings and designated work areas. Mature perennials and trees dot the fenced back yard. The Harvey windows, vinyl siding and asphalt roof, were replaced appx 15+ years ago. Burner is appx 25 years old, water heater, 15+/-. There are multiple ways to reconfigure the units by expanding into the attic and/or into the finished basement area, ideal for owner-occupants.
Listed by
Listing Agent - Emily Gaffney
Listing Office - Coldwell Banker Realty - Marblehead
Source: MLS Property Information Network, Inc. mls logo
MLS#73146225 • last updated 3 years ago
Movoto checked MLS Property Information Network, Inc. for data 2 minutes ago
Overview
Cooling/AC None
Heating Hot Water, Oil
Levels/Style 4, 4
MLS # 73146225
Type Residential Income
Status Closed
SubType 4 Family
SqFt 2923
Lot Size (SqFt) 8175
Lot Size (Acres) 0.19
Annual Property Tax 12510
Year Built 1860
Interior
Total # of Bathrooms 4
# Full Baths 4
Total # of Bedrooms 4
Basement Full, Partially Finished, Walk-Out Access, Interior Entry, Slab
Total # of Rooms 14
Flooring Vinyl, Hardwood
Appliances Range, Refrigerator, Washer/Dryer
Interior Features Walk-Up Attic, Bathroom With Tub & Shower, Living Room, Kitchen, Dining Room
Window Features Box/Bay/Bow Window(s), Insulated Windows
Exterior
Foundation Stone, Slab
Roof Shingle
Construction Frame
# Covered Spaces 2
Parking Desc Off Street, Stone/Gravel
# Parking Spaces 8
# Garage Spaces 2
Exterior Features Rain Gutters
Patio/ Porch Deck - Wood
Fencing Fenced/Enclosed
Lot Desc Level
Amenities / Utilities
Sewer Public Sewer
Utilities For Gas Range
Electricity Fuses, 200+ Amp Service
Water Source Public
Location
Waterfront Harbor, Ocean, Walk To, 0 To 1/10 Mile To Beach, Beach Ownership(Public)
County Essex
Community Features Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Conservation Area, House Of Worship, Private School, Public School, University
Elementary School Mhead Public
Middle School Veterans
High School Mhs
Zoning GR
APN 114 47, 2023814
Directions Atlantic Ave To Commercial St. (east) To Gregory St. (north)
Multifamily Details
Rent Includes Unit 1(Heat, Hot Water), Unit 2(Heat, Hot Water), Unit 3(Heat, Hot Water), Unit 4(Heat, Hot Water)
Net Operating Income 12000
Total Actual Rent 1000
Financial Data Source Owner, Limited Information
Gross Income 12000
Lot/ Land Details
Road Frontage Public
$1.51M
Range: $1.33M-$1.69M
Last 30 days 
Rental est.: $14,314/month
Gross rent multiplier: 7.6 - Good
  • Oct 2025
    Public Records
  • Oct 21, 2025 Sold
    $1,550,000 (+18.3%)
  • Sep 2023
    mls logo MLS # 73146225
  • Sep 11, 2023 Sold
    $1,310,000 (-3.0%)
  • Aug 16, 2023 Active
  • Aug 9, 2023 Pending
  • Aug 9, 2023 Listed
    $1,350,000
  • Aug 9, 2023 Listed
    $1,350,000
  • Year Property taxes Tax assessment
  • 2025
    $11,657 -11.4%
    $1,288,100 -12.33%
  • 2024
    $13,164 +5.2%
    $1,469,200 +17.41%
  • 2023
    $12,513 +9.4%
    $1,251,300 +15.07%
  • 2022
    $11,439 +1.0%
    $1,087,400
  • 2021
    $11,331 +17.2%
    $1,087,400 +16.86%
  • 2020
    $9,668
    $930,500
  • 59 Gregory St
    $1.31M
  • 01945
    $995K +2% y/y
  • Marblehead
    $1.15M +12% y/y
No chart available
Statistics calculated by Movoto

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Source: GreatSchools.org © 2026. All rights reserved.

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