
137 Prospect St. Gloucester — Photo 1 of 42
Recent Drop: $101,001
$695,999
Investment Analysis — 137 Prospect St.
Gloucester, MA 01930 — Downtown
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 01930 carries an estimated $3,080/mo in gross rent — about a 3.31% cap rate and $23,041/yr in estimated NOI at the $695,999 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2
SqFt
1,568
Style
Single Family
Built
1900
Wake up to harbor views, spend your evenings watching Fourth of July fireworks from your private third-floor deck, and enjoy the best of downtown Gloucester from one of its most unique homes. This beautifully updated 3-bedroom, 2-bath single-family home offers 1,568 square feet of living space across three distinctive levels, creating a layout that feels remarkably spacious and full of character. Multiple rooms feature ceilings over 9 feet high, adding to the home's open, airy feel, while the top-floor office overlooks Gloucester Harbor, making working from home anything but ordinary. The renovated kitchen features a center island with bar seating, white cabinetry, and stainless steel appliances, flowing seamlessly into the dining and living spaces. Step outside to a backyard designed for enjoying the coastal lifestyle, with a fire pit for summer nights, an outdoor shower after a day at the beach, and a convenient side dog run for four-legged family members. Just steps from Main Street's shops, restaurants, galleries, and waterfront, less than a mile from St. Peter's Fiesta, and approximately 1.5 miles from Good Harbor Beach, this home offers an exceptional combination of coastal charm, downtown walkability, outdoor living, and privacy. A dry basement with approximately 375 square feet of storage adds valuable functionality.
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: 784 sq ft (the lesser of 900 sq ft or half the 1,568 sq ft principal dwelling). Lot size: 1,700 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
Gas Water Heater • Range • Dishwasher • Washer • Dryer
Neighborhood
Public Transportation
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstBeamed Ceilings, Flooring - Hardwood
Dining Room
Lvl FirstFlooring - Hardwood, Crown Molding
Kitchen
Lvl FirstFlooring - Wood, Crown Molding
Family Room
Lvl FirstMaster Bedroom
Lvl SecondCathedral Ceiling(s), Closet, Flooring - Hardwood
Bedroom 2
Lvl SecondBedroom 3
Lvl FirstWalk-In Closet(s), Flooring - Hardwood
Property History
$695,999
Was $730,000
Sep 4, 2026
MLS® 73561841
$730,000
Was $797,000
Aug 22, 2026
MLS® 73561841
$797,000
Aug 11, 2026
MLS® 73561841
Listing Agent: Dave Huddleston
Listing Office: Huddleston Homes LLC
MLS® Number: 73561841
