40 Prospect St, Marblehead, MA 01945
Property image
Property image
OFF MARKET

40 Prospect St
Marblehead, MA 01945

  • 2 Beds
  • 1 Bath
  • 825 sqft

$491,300

Trulia Estimate
as of Aug 14, 2026
Est. Refi. Payment $2,984/mo*
Refinance Your Home

$491,300

Trulia Estimate
as of Aug 14, 2026
Est. Refi. Payment $2,984/mo*
Refinance Your Home
2 Beds
1 Bath
825 sqft

Home Value

Trulia Estimate
$491K
Since last month
Decreased$10K (-2%)
Since last year
Decreased$13K (-2.5%)
Since last sale
Increased$91K (+22.9%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +84% in the last 10 years
MonthEstimated value
2026
August 2026$491K
July 2026$497K
June 2026$502K
May 2026$506K
April 2026$499K
March 2026$500K
February 2026$490K
January 2026$481K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
29 Ocean Ave #4, Salem, MA
1.75
Apartment
$470,000
04/03/26
2
1
1,121
2 Hazel St #3, Salem, MA
2.08
Apartment
$380,000
12/11/25
2
1
1,100
6 River St #2, Salem, MA
2.79
Apartment
$450,000
08/15/25
2
1
920
6 River St #1, Salem, MA
2.79
Apartment
$450,000
08/15/25
2
1
960
65 Washington St #502, Salem, MA
2.55
Apartment
$675,000
10/30/25
2
2
1,030
93 Bridge St #1, Salem, MA
2.68
Apartment
$380,000
10/20/25
1
1
596
15 Lynde St #26, Salem, MA
2.58
Apartment
$310,000
01/23/26
1
1
483
11 1/2 E Collins St, Salem, MA
2.72
Apartment
$130,000
03/02/26
3
1
1,300
27 Weatherly Dr, Salem, MA
2.70
Apartment
$530,000
01/15/26
3
3
2,229
16 Franklin St, Salem, MA
2.80
Apartment
$1,250,000
06/01/26
1
5,459
Home facts updated by county records

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
40-40 Prospect St #R, Marblehead, MA 01945
0.01
$427,000
2
1
590
Recently Sold
46 Prospect St #3, Marblehead, MA 01945
0.02
$604,000
2
1
1,128
Off Market
7 Cottage St, Marblehead, MA 01945
0.02
$910,000
3
2
1,000
Recently Sold
3 Cottage St, Marblehead, MA 01945
0.03
$445,000
2
1.5
1,028
Recently Sold
35 Rowland St, Marblehead, MA 01945
0.07
$845,100
4
2
1,570
Off Market
6 Prospect Ct, Marblehead, MA 01945
0.06
$635,000
2
1.5
1,267
Recently Sold
2 Commercial St #3, Marblehead, MA 01945
0.05
$549,000
3
2
1,348
Recently Sold
56 Prospect St, Marblehead, MA 01945
0.06
$834,500
3
1.5
1,623
Off Market
2 Central St, Marblehead, MA 01945
0.03
-
3
2.5
1,445
Off Market
4 Cross St #1, Marblehead, MA 01945
0.09
$650,000
3
2.5
1,417
Recently Sold
10 Prospect Ct, Marblehead, MA 01945
0.07
$684,100
3
2.5
1,452
Off Market
9 Prospect Ct #9, Marblehead, MA 01945
0.07
$650,000
2
1.5
1,321
Recently Sold

Local Information

  • Map ViewExplore the area around 40 Prospect St.
-- mins to
Commute Destination

Home Highlights

Property Type
Apartment
Living Area
825 sqft
Price/Sqft
$596

About this House

Beautiful condo for rent in an old colonial home with only 3 units total. Situated in walkable downtown Marblehead, close to restaurants, shops, and public transportation.

This updated home is fully furnished, equip with a modern kitchen, washer/dryer, gas firestove in the living room and hardwood floors throughout. Private front and backyard garden space. Included with the unit are two dedicated parking spaces in a lot out back. Seasonal rental available through June 30th.

Renter is responsible for gas, electric and oil used for heat. Wi-Fi is included in the rent. Landscaping/snow removal services are included. Two parking spaces included. One small pet allowed. Flexible lease dates. First months rent and security deposit required. No agent fee.
40 Prospect St, Marblehead, MA 01945 is a 2 bedroom, 1 bathroom, 825 sqft apartment. It last sold for $400,000 on May 26, 2021 (15,285% above the $2,600 asking price). More recently, it was listed as a rental in September 2025 with an asking price of $2,750 per month. That rental listing was removed on October 24, 2025. It is currently off market. The Trulia Estimate is $491,300, with a rent estimate of $2,992/month.

Home Details for 40 Prospect St

Interior Features

Heating & Cooling
Heating: BaseboardAir ConditioningCooling System: Window UnitHeating Fuel: Baseboard
Appliances & Utilities
DishwasherDryerMicrowaveRefrigeratorWasher
Levels, Entrance, & Accessibility
Floors: Hardwood
Room & Shared Space
Shared space is furnished

Property Information

Property Type / Style
Property Type: Apartment

Rental Terms, Policies & Fees

Lease Term: Sublet/TemporaryAvailable: now

Exterior Features

Parking & Garage
Parking: Off Street Parking, On Site

Price and Tax history

DateEventPrice
Oct 24, 2025
Source: Zillow Rentals
ListingRemoved
$2,600
Oct 15, 2025
Source: Zillow Rentals
PriceChange
$2,600
Price decreased by 5%
Sep 1, 2025
Source: Zillow Rentals
Listed For Rent
$2,750
Dec 7, 2024
Source: Zillow Rentals
ListingRemoved
$2,750
Nov 17, 2024
Source: Zillow Rentals
Listed For Rent
$2,750

Market trends in Marblehead

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$986K
$127KMoM
Sale-to-List Price
101.8%
Price per sq ft
$534
$7MoM
Available listings
50
15MoM
Skip to last item
  • Results are loading
Skip to first item

Around this home

What Locals Say about Marblehead

At least 107 Trulia users voted on each feature.

  • 96 % Say it's dog friendly

  • 91 % Say people would walk alone at night

  • 80 % Say yards are well-kept

  • 78 % Say kids play outside

  • 78 % Say parking is easy

  • 78 % Say car is needed

  • 77 % Say there's holiday spirit

  • 72 % Say there are sidewalks

  • 70 % Say it's walkable to restaurants

  • 70 % Say neighbors are friendly

  • 69 % Say they plan to stay for at least 5 years

  • 66 % Say it's quiet

  • 64 % Say it's walkable to grocery stores

  • 64 % Say there's wildlife

  • 64 % Say streets are well-lit

  • 47 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Trulia User
    "There are lots of community events and one of the best July 4th celebrations. Lots of church groups, Council on aging, etc"
    0
    Flag
  • 9vpwcs25jb
    "Everyone is friendly towards dogs. The dogs love every person who comes close to them. It’s a pleasure to see. "
    0
    Flag
  • 9vpwcs25jb
    "I work from home so I don’t commute. I have the best of both worlds and I’m totally appreciative. Out of the worst pandemic comes the best commute ever! How lucky we are!! "
    0
    Flag
  • Lytania Jason Knowles
    "I work ten minutes away so it’s great. 7:45-8:15 in town is a mess because all the schools are doing drop off. "
    0
    Flag
  • MARC MELTZER
    "Aside from the morning & afternoon traffic the commute is okay but to & from work can be very stressful "
    0
    Flag
  • Bdmn63
    "This is an absolutely fantastic community with parents who are actively involved with their families in the community great schools and great lifestyle with the beaches in waterfronts"
    3
    Flag
  • Tpnohelty
    "Great area to walk with dogs. Safe neighborhood and everyone keeps their dogs leashed when out and about."
    2
    Flag
  • Cassandra
    "Christmas walk every year Santa comes in a lobster boat and they have a parade and all the local stores have specials "
    1
    Flag
  • Cassandra
    "Art festival in the summer. Sidewalk sales for all the local shops. Crocker park has fireworks on holidays and beautiful view of the ocean. Outdoor dining on the water "
    4
    Flag
  • R E. M.
    "this is a one of a kind community. it is very historic, going back to the 1600's. it is very safe and family friendly. it is a bit hard to commute to, but totally worth it."
    5
    Flag
  • Chalvinleo
    "Marblehead is truly something else. I have lived here for the past 10 years and I am sad to leave. This town will always feel like home. "
    0
    Flag
  • Msherman48
    "It’s Marblehead, an almost 400 year old fishing village on Massachusetts Bay. We have a small town but urban “walking” downtown on a spectacularly beautiful natural harbor. This is the real thing! And, it’s only a short hop to Boston, America’s intellectual capital city. If it didn’t have a cold winter, the whole world would want to live here!"
    1
    Flag
  • Cynshor
    "Takes a little while to get out of Marblehead and through surrounding Salem and Swampscott. Worth every minute on the ride home when you hit the water views."
    3
    Flag
  • dbrownbos
    "My neighborhood is in a great location close to schools and old town section of town. You can walk to shopping and the harbor. Lots of attractions nearby. "
    2
    Flag
  • Frank K.
    "I’ve lived in this neighborhood for fourteen years and have nice neighbors. It is safe and people watch out for each other."
    2
    Flag
  • Rhonda
    "Stunning ocean and harbor views. Beach and water sports. Walking running and biking on the Neck. Eastern and Corinthian yacht clubs among others. "
    1
    Flag
  • richard n. a.
    "Fabulous and unique seaside community. History is everywhere. 16 miles from Boston. No place to build so housing is always in demand and home values do not get hit hard in economic downturns. Great town to protect your real estate investment. "
    1
    Flag
  • Sean
    "A corner lot in the desirable family neighborhood. Kids all abound. Ice Cream Trucks and good people."
    0
    Flag
  • Alicia H.
    "I live here and this town is fantastic - it's beautiful and friendly and full of things to do! "
    0
    Flag
  • Arian S.
    "Excellent location, wonderful views, quite. I love to live and work here."
    1
    Flag

LGBTQ Local Legal Protections

Apartments for Rent

Skip to last item
Skip to first item

Explore by feature - Pet Friendly

8 pet-friendly rentals in Marblehead, MA

Explore by feature - Air Conditioning

14 rentals with air conditioning in Marblehead, MA

Explore by feature - Washer/dryer

21 rentals with a washer/dryer in Marblehead, MA

Homes for sale near 40 Prospect St

Skip to last item
  • Results are loading
Skip to first item

Off Market Homes Near 40 Prospect St

Skip to last item
Skip to first item

Frequently asked questions about 40 Prospect St

  • What is 40 Prospect St estimated to be worth?
    Trulia's estimated value for 40 Prospect St in Marblehead, MA is $491,300.
  • What is the price history for 40 Prospect St?
    40 Prospect St in Marblehead, MA last sold for $400,000 in May 2021.
  • Is Marblehead a buyer's or seller's market?
    Marblehead is currently a balanced market, based on recent for-sale activity.
  • What's the median sale price in Marblehead?
    The median sale price in Marblehead is $986K. That is up $127K from the prior month.
  • Does 40 Prospect St have air conditioning?
    Yes, 40 Prospect St in Marblehead, MA has air conditioning.
  • Does 40 Prospect St have laundry facilities?
    Yes, 40 Prospect St in Marblehead, MA has in-unit laundry.