145 Essex Ave #424 Gloucester — Photo 1 of 18
Recent Drop: $10,000
$304,900
Investment Analysis — 145 Essex Ave #424
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 4.73% cap rate and $14,419/yr in estimated NOI at the $304,900 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
1
SqFt
733
Style
Condominium
Built
1970
Welcome to the Residences at Cape Ann! Top floor Garden-level 2-bedroom, 1-bathroom condo with 2 deeded off-street parking spaces and river views on Cape Ann. This 733-square-foot unit features a brick exterior, a porch, hot water baseboard heat, and wall AC. The condo fee includes heat, hot water, water, sewer, master insurance, and access to the swimming pool, exercise room, clubroom, and on-site laundry with river views. Access nearby to Rt. 128 which connects to the North Shore and Greater Boston, and the Gloucester commuter rail station is a short drive away. A solid entry point into condo ownership in Gloucester!
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 MLS and other third-party data may be inaccurate or out of date.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
Geography
Property History
$304,900
Was $314,900
Aug 25, 2026
MLS® 73551541
$314,900
Jul 16, 2026
MLS® 73551541
Listing Agent: Fermin Group
Listing Office: Century 21 North East
MLS® Number: 73551541
