139A Prospect St. Gloucester — Photo 1 of 19
$409,000
Investment Analysis — 139A 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 1-bedroom in 01930 carries an estimated $2,160/mo in gross rent — about a 4.19% cap rate and $17,147/yr in estimated NOI at the $409,000 list price. Adjust every assumption in the calculator below.
Beds
1
Baths
1.5
SqFt
855
Style
Single Family
Built
1940
Absolutely adorable and newly renovated 1 bedroom 1.5 bath adobe style bungalow with an extra bonus room which could serve as a home office, studio, or guest room. This one level home located downtown Gloucester, is perfect as a condo alternative convenient to many restaurants, music venues, the train station, churches and Gloucester harbor and beaches... all just a short distance away! Many improvements include kitchen, dining area, new remodeled interior walls, ceiling, and new floors. The washer dryer has been moved upstairs to the living level. In addition, the full basement offers plenty of storage. This cozy home is in move in condition and just waiting for you!
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: 428 sq ft (the lesser of 900 sq ft or half the 855 sq ft principal dwelling). Lot size: 1,000 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 MLS and other third-party data may be inaccurate or out of date.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.
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Interior Specifications
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Building & Exterior
Property & Lot
Amenities & Appliances
Electric Water Heater • Range • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Medical Facility
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Living Room
Lvl FirstKitchen
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Lvl FirstProperty History
$409,000
Sep 8, 2026
MLS® 73573446
$419,000
Aug 31, 2026
MLS® 73483916
$419,000
Aug 31, 2026
MLS® 73482424
$419,000
Mar 4, 2026
MLS® 73483916
$419,000
Mar 4, 2026
MLS® 73482424
$1,800
Nov 30, 2024
MLS® 73307381
$1,800
Oct 25, 2024
MLS® 73307381
Listing Agent: Heather Dagle
Listing Office: RE/MAX Beacon
MLS® Number: 73573446
