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9 State St, Marblehead, MA 01945

$1,794,958

Last sold 01/12/2023 for $1.52M

6
bed
7
bath
6,104
Sqft ($250/Sqft)

Multi-family not for sale

About 9 State St

Property type Multi-family

Neighborhood

Year built 1770

HOA fee $0/month

Lot size 5,104 Sqft

Movoto estimate

Parking 2 garage spaces

Property description

9 State Street, often referred to as "The Oakum Bay Building", consists of a combination of one bedroom and studio rental units plus the offices, workshops, and the third floor loft workshop previously used for Ralph Hulsman's boat canvas company. The building is well located on State Street, less than 1/8th of a mile to the harbor and in the center of the downtown commercial area. The driveway widens in the rear of the building offering parking space for many of the tenants. There is also a 2-car garage that is currently rented @ $200/month. Several of the tenants are long standing residents, attesting to the value of the location. The building was built in the late 1700's, quite possibly as a single family home, and still retains some of the charm of that era-starting with the well worn front wide pine steps. There are 2 gas heating systems, FHA and FHW (2021- Navian), a 75 gallon gas hot water tank, and three circuit breaker electrical boards. The roof was replaced in 2017.

Listed by

Listing Agent - Mary Stewart & Heather Kaznoski

Listing Office - Coldwell Banker Realty - Marblehead

Source: MLS Property Information Network, Inc.

MLS#73065015 • last updated 3 years ago

Movoto checked MLS Property Information Network, Inc. for data 7 minutes ago

Overview
Cooling/AC	Unit 1(None), Unit 2(None), Unit 3(None), Unit 4(None)
Heating	Unit 1(Hot Water Baseboard, Gas, Electric), Unit 2(Hot Water Baseboard), Unit 3(Hot Water Baseboard, Gas), Unit 4(Hot Water Baseboard)
Levels/Style	9
MLS #	73065015
Type	Residential Income
Status	Closed
SubType	5-9 Family
SqFt	6104
Lot Size (SqFt)	5104
Lot Size (Acres)	0.12
Annual Property Tax	10727.24
Year Built	1770

Interior
Total # of Bathrooms	7
# Full Baths	6
# Half Baths	1
Total # of Bedrooms	6
Basement	Partial, Interior Entry, Concrete
Total # of Rooms	19
Flooring	Wood, Tile, Vinyl, Carpet, Unit 1(undefined), Unit 2(Tile Floor), Unit 3(Wood Flooring), Unit 4(Wood Flooring)
Appliances	Unit 1(Range, Refrigerator, Vent Hood), Unit 2(Range, Refrigerator), Unit 3(Range, Refrigerator, Vent Hood, Other (See Remarks)), Unit 4(Range, Refrigerator), Gas Water Heater, Tankless Water Heater, Utility Connections Varies Per Unit
Interior Features	Unit 1(Pantry, Bathroom With Tub), Unit 2(Bathroom With Shower Stall), Unit 3(Bathroom With Tub & Shower, Internet Available - Unknown), Unit 4(Bathroom With Tub & Shower), Unit 1 Rooms(Living Room, Kitchen, Office/Den), Unit 2 Rooms(Other (See Remarks)), Unit 3 Rooms(Living Room, Kitchen), Unit 4 Rooms(Other (See Remarks))
Window Features	Storm Window(s)

Exterior
Foundation	Concrete Perimeter, Stone
Roof	Shingle
Construction	Frame
# Covered Spaces	2
Parking Desc	Off Street, Paved
# Parking Spaces	5
# Garage Spaces	2
Exterior Features	Rain Gutters
Lot Desc	Level

Amenities / Utilities
Sewer	Public Sewer
Utilities	Varies Per Unit
Electricity	Circuit Breakers
Water Source	Public

Location
Waterfront	Beach Front, Harbor, 3/10 To 1/2 Mile To Beach, Beach Ownership(Public)
County	Essex
Community Features	Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Conservation Area, House Of Worship, Public School
Elementary School	Public/Private
Middle School	Public/Private
High School	Public
Zoning	Hist
APN	2026155
Directions	Washington St. To State St. Located In The Center Of Historic Downtown - One Block From The Harbor.

Multifamily Details
Rent Includes	Unit 1(Heat, Electric, Gas, Water, Hot Water), Unit 2(Heat, Electric, Gas, Water, Hot Water), Unit 3(Heat, Electric, Gas, Water, Hot Water), Unit 4(Heat, Electric, Gas, Water, Hot Water)
Net Operating Income	86000
Operating Expense	23200
Total Actual Rent	5050
Financial Data Source	Owner
Expense: Water/ Sewer	4800
Gross Income	109200
Expense: Electricity	6000
Gross Scheduled Income	7200