141 Prospect St Gloucester — Photo 1 of 32
Recent Drop: $46,000
$574,000
Investment Analysis — 141 Prospect St
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 $4,320/mo in gross rent — about a 6.21% cap rate and $35,673/yr in estimated NOI at the $574,000 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
2
SqFt
1,035
Style
Multi Family
Built
1900
Rare opportunity to own a beautifully renovated 2 family home in the heart of Downtown Gloucester! Perfectly located just moments from restaurants, shopping, entertainment, beaches, the waterfront, and train station. This unique property offers the ultimate blend of coastal charm, modern updates, and investment potential, with no car needed. Each thoughtfully updated unit features 1 bedroom, 1 bath, and a spacious open-concept living/dining & kitchen area designed for comfortable daily living and effortless entertaining. New kitchens with updated cabinetry, countertops, and appliances pair perfectly with beautifully renovated baths and energy-efficient mini-split systems for year-round comfort. The 2nd floor unit includes a small private deck, the perfect spot to unwind. Whether a smart investment, summer retreat, owner-occupied rental opportunity, or multi-generational living this property checks every box. Also offered for sale as 2 separate condos.
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 MLS and other third-party data may be inaccurate or out of date.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
Microwave • ENERGY STAR Qualified Refrigerator • ENERGY STAR Qualified Dishwasher • Range
Neighborhood
Public Transportation • Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Golf
Geography
Property History
$279,000
Sep 11, 2026
MLS® 73517477
$574,000
Was $607,900
Aug 7, 2026
MLS® 73517492
$607,900
Was $620,000
Jun 18, 2026
MLS® 73517492
$620,000
May 13, 2026
MLS® 73517492
$279,000
May 13, 2026
MLS® 73517477
Listing Agent: Kathleen Mchugh
Listing Office: Churchill Properties
MLS® Number: 73517492
