20 Mechanic Sqaure #3 Marblehead — Photo 1 of 23
Recent Drop: $75,000
$975,000
Investment Analysis — 20 Mechanic Sqaure #3
Marblehead, MA 01945 — Old Town
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-bedroom in 01945 carries an estimated $2,560/mo in gross rent — about a 0.37% cap rate and $3,626/yr in estimated NOI at the $975,000 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
2.5
SqFt
1,443
Style
Condominium
Built
1906
"THE ELBRIDGE" is an exclusive development located in a stately 120-year-old brick building. Combining modern amenities with antique charm,high ceilings and oversized windows, this light filled 2 bedroom,2.5 bath townhouse features a main floor with a large open space combining the living room , dining area and the chef's kitchen -complete with a central island, quartz countertops, top of the line stainless appliances and custom floor-to-ceiling cabinets. There are two ensuite bedrooms,in-unit laundry, central A/C, and dedicated parking, plus an outside patio. 20 Mechanic Square is walking distance to Marblehead's famous harbor and central Landing,2 yacht clubs, several seaside parks, beaches, plus 2 islands(at low tide!),and only a few blocks to downtown boutiques, coffee shops,a grocery store, restaurants, museums and theaters. Once you arrive home you can park your car, leave the keys, and enjoy all that Marblehead has to offer. Ideal for either summer or year round living.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Disposal • Microwave • Refrigerator • Wine Refrigerator • Range Hood • Plumbed For Ice Maker
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Bike Path • Conservation Area
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,First18.166666666 x 18.666666666
Flooring - Wood, Cable Hookup, Open Floorplan, Recessed Lighting, Remodeled
Dining Room
Lvl Main,FirstFlooring - Wood, Recessed Lighting, Remodeled
Kitchen
Lvl Main,First8.75 x 16.5
Closet/Cabinets - Custom Built, Flooring - Wood, Countertops - Stone/Granite/Solid, Countertops - Upgraded, Kitchen Island, Cabinets - Upgraded, Open Floorplan, Recessed Lighting, Remodeled, Wine Chiller
Master Bedroom
Lvl Basement12.75 x 15.25
Bathroom - Full, Flooring - Wood, Recessed Lighting
Bedroom 2
Lvl Basement10.583333333 x 14.083333333
Bathroom 1
Lvl First4.083333333 x 8.5
Bathroom - Half, Flooring - Wood
Bathroom 2
Lvl Basement7.666666666 x 9.75
Bathroom - Full, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid
Bathroom 3
Lvl Basement4.833333333 x 9.166666666
Bathroom - Full, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid
Property History
$975,000
Was $1,050,000
Jul 1, 2026
MLS® 73515675
$1,050,000
May 9, 2026
MLS® 73515675
Listing Agent: Mary Stewart & Heather Kaznoski
Listing Office: Coldwell Banker Realty - Marblehead
MLS® Number: 73515675
