$1,200,000
●
Condo -
Off Market
20 Mechanic Square #2
Marblehead, MA 01945
2 Beds
2 Baths,
1
Half Bath
1,965 Ft²
$6,427
Est. Monthly
$534
HOA / Fees
2.08%
Cap Rate
About This Property
Combining elegant period details with the modern convenience of new
construction, this 2 bedroom, 2.5 bath townhome at The Elbridge
offers soaring ceilings, oversized windows, and high-end finishes
throughout. The open floorplan features a sun-filled living space,
primary-level bedroom suite, custom cabinetry, designer details,
and top-of-the-line appliances. A lower-level bonus family room and
second bedroom with ensuite provide flexibility, while central A/C
and dedicated parking add ease. Set in a small exclusive
development within a stately 116-year-old brick building perched on
a hill just off Washington Street in Old Town Marblehead, this home
blends seaside living with historic New England charm. Beautiful
beaches, quaint shops, water sports, gourmet dining, excellent
schools, and vibrant arts and culture make Marblehead a fabulous
place to live.
Unit Size
1,965 Ft²
Days on Market
-
Land Size
-
Price per sqft
$611
Property Type
Condo
Property Taxes
-
HOA Dues
$534
Year Built
1906
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 12 months ago (MLSPIN #73440548)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 5, 2026 | Relisted | $1,150,000 | |
| Relisted | |||
| Nov 3, 2026 | No longer available | - | |
| No longer available | |||
| May 9, 2026 | Listed by Compass | $1,150,000 | |
| Listed by Compass | |||
   | |||
|
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.
| |||
| Feb 11, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Feb 2, 2026 | In contract | - | |
| In contract | |||
Show More
Property Highlights
Elevator
Parking Available
Air Conditioning
Parking Details
Has Open Parking
Parking Features: Off Street, Deeded, Paved, Exclusive Parking
Open Parking Spaces: 2
Interior Details
Half Bathrooms: 1
Full Bathrooms: 2
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Wine Refrigerator, Range Hood
Flooring Type: Wood, Tile
Door Features: Insulated Doors
Laundry Features: In Basement, In Unit, Electric Dryer Hookup, Washer Hookup
Rooms: 6
Basement: N
Exterior Details
Has Property Attached
Square Footage: 1965
Square Footage Source: $0
Security Features: Intercom
Year Built Source: Builder
Year Built: 1906
Waterfront Features: Ocean, 1/10 to 3/10 To Beach, Beach Ownership(Public)
Building Name: The Elbridge Condominium
Building Area Total: 1965
Building Area Units: Square Feet
Window Features: Insulated Windows
Construction Materials: Frame, Brick
Patio and Porch Features: Patio
Lot Size Units: Acres
Water Source: Public
Utilities Details
Cooling Type: Central Air
Heating Type: Central, Forced Air, Heat Pump, Electric
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Reserve Funds
HOA/Condo/Coop Amenities: Elevator(s)
HOA Fee: $534
HOA Fee Frequency: Monthly
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
10/07/2025
|
2 Bed
|
2 Bath
|
1443 ft²
|
$1,075,000
2 Bed
2 Bath
1443 ft²
|
-
-
|
Merry Fox Team
MerryFox Realty
| |
|
10/07/2025
|
2 Bed
|
2 Bath
|
1965 ft²
|
$1,200,000
2 Bed
2 Bath
1965 ft²
|
-
-
|
Merry Fox Team
MerryFox Realty
|
Building Info
20 Mechanic Square
20 Mechanic Square, Marblehead, MA 01945
- 2 Units for Sale
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017