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.
This home has been viewed 2 times
Last Checked: September 16th, 2026 at 1:03am (Source: MLS PIN #73573004)
Gross Income: $32,400
Gross Expenses: $7,231
Net Income Calc: $25,169
Water Views
Annual Expenses for 24-26 Knight Ave, Marblehead MA 01945
Total Gross Expenses (Calculated)$7,231/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax7231
Annual Income & Unit Breakdown for 24-26 Knight Ave, Marblehead MA 01945
Total Gross Income (Calculated)$32,400
Unit 1
Rental Income$0
LeaseN
Bedrooms3
Bathrooms1 Full, 1 Half
Floor1
Levels in Unit2
Rent Includes
Unit 2
Rental Income$0
LeaseY
Bedrooms3
Bathrooms1 Full, 1 Half
Floor1
Levels in Unit2
Rent Includes
General Information for 24-26 Knight Ave, Marblehead MA 01945
Listing ID73573004
Property TypeMulti Family / 2 Family
Price1020000 ($356.39/SqFt)
Style2 Family - 2 Units Side By Side
CityMarblehead
CountyEssex
Neighborhood(s)Ipswich
Approximate Living Area Total2862
Approximate Lot Size (Acres)0.19
Total Parking10 (2 Garage)
Garage Parking2
Year Built1975
Year Built SourcePublic Records
Year Built DetailsActual
WaterPublic
SewerPublic Sewer
Electric220 Volts
Hot Water
Roof MaterialAsphalt/fiberglass Shingles
BasementFull
Construction MaterialsFrame
Lot FeaturesGentle Sloping
Foundation Description
Accessible Features
Outdoor SpaceCovered
ZoningSR
Water ViewsYes
Water Views FeaturesBay
Waterfront0
Waterfront FeaturesRiver
Terms
Disclosures for 24-26 Knight Ave, Marblehead MA 01945
Lead PaintNone
UFFINo
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourcePublic Records
ExclusionsPersonal Belongings.
Financial Data Source
Total Gross Expenses By Broker
Total Gross Income By Broker
Total Net Income By Broker
Short Sale / Forclosure (Bank Owned)
Compensation Based On
Financial Information for 24-26 Knight Ave, Marblehead MA 01945
Real Estate Taxes7231
Tax Year2026
Assessed Value$844,800
Financial Data Source
Total Gross Expenses By Broker
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker
BostonRealEstate.com Gross Income
Total Net Income By Broker
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
Location Information for 24-26 Knight Ave, Marblehead MA 01945
Middle SchoolMh Middle
High SchoolMh High
Neighborhood(s)Ipswich
Area Amenities
Contact Information for 24-26 Knight Ave, Marblehead MA 01945