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2 Lindsey Street
About This Property
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 2, 2026 | Sold | ||
| Sold | |||
| Nov 22, 2025 | In contract | - | |
| In contract | |||
| Oct 28, 2025 | Listed by William Raveis R.E. & Home Services | $734,500 | |
| Listed by William Raveis R.E. & Home Services | |||
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Located just steps from Marblehead Harbor, historic Old Town, and the shops and markets of Washington Street, 2 Lindsey Street offers an exceptional opportunity to live in one of Marblehead’s most desirable coastal neighborhoods.This circa 1880 Victorian-style home features four bedrooms and two and a half baths with the flexibility to be used as a single-family residence or as a home with an accessory apartment. The home offers spacious rooms, hardwood flooring, and classic period details throughout.With a layout that provides versatility for extended family, guests, or home office use, this property is ideal for a buyer seeking value and location. The lot includes off-street parking for up to three vehicles and a small yard area for low-maintenance outdoor enjoyment.
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| Feb 2, 2010 | Sold | ||
| Sold | |||
| Oct 20, 2009 | Listed by Bryce Suydam | $289,900 | |
| Listed by Bryce Suydam | |||
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Steps to the harbor, historic district and shops. C. 1880 four bedroom, two and a half bath Victorian in need of TLC, i,e. a work in progress. Ideally suited for a handy person who can reside in the home while restoring its innate potential and charm. Good bones, updated systems and convenient," walk to everything" location. Priced significantly below the assessed value of $374,500. Estate sale. Subject to License to Sell.
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