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1 Granite Court Gloucester — Photo 1 of 41

1 Granite Court Gloucester — Photo 1 of 41

$875,000

Investment Analysis — 1 Granite Court

Gloucester, MA 01930

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-unit multi-family in 01930 carries an estimated $5,640/mo in gross rent — about a 5.17% cap rate and $45,242/yr in estimated NOI at the $875,000 list price. Adjust every assumption in the calculator below.

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Beds

5

Baths

2

SqFt

2,530

Style

2 Family - 2 Units Side by Side

Built

1900

Fantastic two-family opportunity in a convenient Gloucester location! Tucked away on a residential street just minutes from Downtown Gloucester, with Gloucester High School just ¼ mile away, this property features two generously sized townhouse-style units offering plenty of flexibility for an owner-occupant, investor, or multigenerational living. Unit 1 features an open-concept living room, dining area, and sprawling kitchen, and both units offer expansive primary bedrooms with space to add en-suite baths. Each unit leads out to the deck and private fenced-in backyard. The property has been well maintained with recent improvements including a beautifully renovated bathroom and new fencing. Off-street parking, plenty of basement storage, and separate laundry for each unit add even more convenience. Enjoy easy access to Downtown Gloucester’s shops and restaurants, the harbor and waterfront, local amenities, and beautiful North Shore beaches. Whether you’re looking to live in one unit and rent the other, keep family close while maintaining separate living spaces, explore potential condo conversion, or add a multifamily property to your portfolio, 1 Granite Court should be high on your list!

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.

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Property Details

Financials

Original Price$875,000
Annual Taxes$6,195

Parking

Garage0
Off-Street2

Interior Specifications

Total Rooms9
Fireplaces2
FlooringWood, Tile, Vinyl, Carpet, Varies, Pine
BasementFull, Interior Entry, Bulkhead, Unfinished

Climate & Utilities

HeatingForced Air, Electric, Oil
CoolingWindow Unit(s)
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationStone
ZoningR-5

Property & Lot

Acres0.09
SqFt Lot3,868
Lot FeaturesCorner Lot

Amenities & Appliances

Range • Dishwasher • Refrigerator • Freezer • Dryer

Neighborhood

Public Transportation • Shopping • Park • Walk/Jog Trails • Stable(s) • Medical Facility

Geography

Listing Provided By

Listing Agent: Laura Crowell

Listing Office: J. Barrett & Company

MLS® Number: 73571054