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

$488,500

Trulia Estimate
as of Oct 25, 2026
  • 2 Beds
  • 1 Bath
  • 825 sqft

40 Prospect St, Marblehead, MA 01945

Home Highlights

Apartment
825 sqft
$592/sqft

Local Information

  • Map ViewExplore the area around 40 Prospect St.
  • Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

What's unique:Old colonial homeGas firestoveModern kitchenHardwood floors
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. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $488,500, with a rent estimate of $2,398/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

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

Comparable Sales for 40 Prospect St

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
9 Glover St #1, Salem, MA
1.76
Apartment
$389,900
04/24/26
2
1
885 sqft
2 Hazel St #3, Salem, MA
2.08
Apartment
$380,000
12/11/25
2
1
1,100 sqft
65 Washington St #502, Salem, MA
2.55
Apartment
$675,000
10/30/25
2
2
1,030 sqft
11 1/2 E Collins St, Salem, MA
2.72
Apartment
$130,000
03/02/26
3
1
1,300 sqft
27 Weatherly Dr, Salem, MA
2.70
Apartment
$530,000
01/15/26
3
3
2,229 sqft
143 North St #2, Salem, MA
3.14
Apartment
$512,000
11/06/25
4
2
1,827 sqft
64 Foster St #301, Peabody, MA
4.03
Apartment
$287,000
10/15/26
2
1
813 sqft
8 Walnut St #408, Peabody, MA
4.01
Apartment
$440,000
08/03/26
2
2
1,194 sqft
16 Franklin St, Salem, MA
2.80
Apartment
$1,250,000
06/01/26
1
5,459 sqft
285 Lynn Shore Dr #102, Lynn, MA
4.67
Apartment
$168,000
07/21/26
2
1
752 sqft
Home facts updated by county records

Nearby homes

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Around this home

What Locals Say about Marblehead

This October

Trick-or-Treat Score

Built from what locals say about this neighborhood.
  • 77% say there's holiday spirit
  • 72% say there are sidewalks
  • 70% say neighbors are friendly
Trulia Trick or TreatStart Ghost Hunt
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

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

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 $488,500.
  • 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 do residents say about Marblehead?
    Residents describe Marblehead, MA as dog-friendly, well-kept, and easy to park in. Most residents say you need a car. See recently sold homes in Marblehead, MA.
  • 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.

Homes for rent near 40 Prospect St

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Affordability

TIP:Try to keep your rent within a third of your gross household income. Learn why in our Renter's Guide.
For this property
PER YEAR
is the suggested income
Win over prospective landlords with your smart budgeting. As a good rule of thumb, ideally you would have at least three times your monthly rent in combined household income.
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