1105 Washington Gloucester — Photo 1 of 29
Recent Drop: $30,000
$549,000
Investment Analysis — 1105 Washington
Gloucester, MA 01930
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-bedroom in 01930 carries an estimated $2,560/mo in gross rent — about a 3.44% cap rate and $18,893/yr in estimated NOI at the $549,000 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
1.5
SqFt
900
Style
Single Family
Built
1942
Quintessential Lanesville! This charming coastal cottage is all about location, ocean views and village living. Just moments from Lanes Cove and close to Plum Cove Beach, enjoy boating, kayaking, fishing and some of Gloucester’s best sunsets right in your neighborhood. The bright, open first floor features wide-plank wood floors and an easy flow from the kitchen to the living area. Recent improvements include new siding across the entire rear of the home, new rear windows, two new French doors and a freshly cleaned up and refreshed yard. Upstairs are two bedrooms, a full bath and balcony access. With 1.5 baths, off-street parking, a manageable yard and storage shed, this is an easy home to enjoy year-round or as a Gloucester getaway. Ocean views, coastal charm and one of Gloucester’s most loved neighborhoods.
ADU Potential
Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 450 sq ft (the lesser of 900 sq ft or half the 900 sq ft principal dwelling). Lot size: 1,742 sq ft.
Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.
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
Electric Water Heater • Refrigerator
Neighborhood
Public Transportation • Park • Walk/Jog Trails • Golf • Medical Facility • Conservation Area
Geography
Property History
$549,000
Was $579,000
Sep 10, 2026
MLS® 73572060
$579,000
Sep 4, 2026
MLS® 73572060
Listing Agent: Michelle Mineo
Listing Office: Coldwell Banker Realty - Beverly
MLS® Number: 73572060
