16 Cleveland Place #8 Gloucester — Photo 1 of 12
$284,900
Investment Analysis — 16 Cleveland Place #8
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 5.99% cap rate and $17,066/yr in estimated NOI at the $284,900 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
1
SqFt
647
Style
Condominium
Built
1985
Welcome to 16 Cleveland Place, Unit 8, a first-floor corner unit tucked away in a quiet, well-maintained Gloucester community. With windows on three sides and a wooded setting just outside, this 2-bedroom, 1-bath condo offers plenty of natural light, privacy and a comfortable layout. Move right in and enjoy as-is, or bring your own style and updates over time. The unit features in-unit laundry, a back door leading to a wooded patio area, and an assigned parking space directly in front. All major appliances are included, including the refrigerator, range, microwave, dishwasher, washer and dryer. Enjoy a peaceful setting on a dead-end street while remaining close to downtown Gloucester, the commuter rail, waterfront, beaches and Route 128. Condo fee includes water, master insurance, exterior maintenance, landscaping, snow removal, trash removal and more. Pets permitted with restrictions. A great opportunity for easy, low-maintenance living on the North Shore.
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 MLS and other third-party data may be inaccurate or out of date.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
Range • Dishwasher • Disposal • Microwave • Refrigerator • Freezer • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Park • Highway Access • T-Station
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First11.75 x 14
Ceiling Fan(s), Flooring - Hardwood
Kitchen
Lvl First15.5 x 5.416666666
Flooring - Hardwood, Stainless Steel Appliances
Master Bedroom
Lvl First14.25 x 10.416666666
Closet, Flooring - Vinyl
Bedroom 2
Lvl First10.583333333 x 10.166666666
Bathroom 1
Lvl First5.083333333 x 7.166666666
Bathroom - Full
Property History
$284,900
Sep 2, 2026
MLS® 73570916
$280,000
Aug 20, 2026
MLS® 73543025
$280,000
Jun 27, 2026
MLS® 73543025
Listing Agent: Gifford Group
Listing Office: Churchill Properties
MLS® Number: 73570916
