20 Mechanic Square #2 Marblehead — Photo 1 of 20
$1,150,000
Investment Analysis — 20 Mechanic Square #2
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 0.12% cap rate and $1,417/yr in estimated NOI at the $1,150,000 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
2.5
SqFt
1,965
Style
Condominium
Built
1906
Welcome to The Elbridge — an exclusive townhouse collection within a stately 120-year-old brick building blending historic charm with modern comfort. High ceilings and oversized windows fill this 2-bed, 2.5-bath home with light throughout.The main level offers open living/dining plus a chef's kitchen with center island, quartz counters, top-of-the-line stainless appliances and custom floor-to-ceiling cabinetry, plus an ensuite bedroom. The lower level features a second ensuite bedroom, a family room/office and laundry. Central A/C and dedicated parking included. At 20 Mechanic Square, you're steps from Marblehead's famous harbor, Central Landing, two yacht clubs, seaside parks, beaches and two islands at low tide. Downtown boutiques, cafes, a grocery store, restaurants, museums and theaters are just blocks away. Come home to everything Marblehead offers.
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 MLS and other third-party data may be inaccurate or out of date.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.
Immersive Experience
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,First10.75 x 16
Flooring - Wood, Open Floorplan, Recessed Lighting
Dining Room
Lvl Main,First9.166666666 x 16
Flooring - Wood, Open Floorplan, Recessed Lighting
Kitchen
Lvl Main,First8.25 x 20
Flooring - Wood, Countertops - Stone/Granite/Solid, Countertops - Upgraded, Kitchen Island, Cabinets - Upgraded, Open Floorplan, Recessed Lighting, Stainless Steel Appliances, Wine Chiller
Family Room
Lvl Basement15.416666666 x 17.583333333
Flooring - Wood
Master Bedroom
Lvl First12.333333333 x 13
Bathroom - Full, Flooring - Wood
Bedroom 2
Lvl Basement12.416666666 x 13
Bathroom 1
Lvl First4.583333333 x 7.083333333
Bathroom - Half, Flooring - Wood
Bathroom 2
Lvl Main,First5.416666666 x 12.916666666
Bathroom - Half, Bathroom - Double Vanity/Sink, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile
Bathroom 3
Lvl Basement5 x 12.916666666
Bathroom - Full, Bathroom - Double Vanity/Sink, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile, Recessed Lighting
Property History
$1,150,000
May 9, 2026
MLS® 73515676
$1,150,000
Feb 1, 2026
MLS® 73468493
$1,150,000
Jan 14, 2026
MLS® 73468493
$1,200,000
Dec 12, 2025
MLS® 73440548
$1,200,000
Oct 7, 2025
MLS® 73440548
Listing Agent: Mary Stewart & Heather Kaznoski
Listing Office: Coldwell Banker Realty - Marblehead
MLS® Number: 73515676
