16 Stanwood Point Gloucester — Photo 1 of 27
$599,000
Investment Analysis — 16 Stanwood Point
Gloucester, MA 01930
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 01930 carries an estimated $3,390/mo in gross rent — about a 4.12% cap rate and $24,697/yr in estimated NOI at the $599,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
1.5
SqFt
1,219
Style
Single Family
Built
1900
This direct waterfront summer cottage offers two appealing options: enjoy the existing cottage as a seasonal retreat or build a new home and create an exceptional waterfront property. Nestled along the Little River in Gloucester's scenic Stanwood Point neighborhood, the property offers picturesque river and marsh views, direct water access for swimming, kayaking, paddleboarding, fishing, and more, plus the potential to add a dock. Conveniently located near Gloucester Harbor, downtown shops and restaurants, and Gloucester's renowned beaches, this rare offering is an exciting opportunity to summer on the water or build your dream waterfront home.
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: 610 sq ft (the lesser of 900 sq ft or half the 1,219 sq ft principal dwelling). Lot size: 6,262 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 MLS and other third-party data may be inaccurate or out of date.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
Neighborhood
Public Transportation • Park • Highway Access • Marina
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstKitchen
Lvl FirstMaster Bedroom
Lvl FirstBedroom 2
Lvl SecondBedroom 3
Lvl SecondBedroom 4
Lvl SecondBathroom 1
Lvl FirstBathroom - Full
Bathroom 2
Lvl SecondBathroom - Half
Listing Agent: Mark Ventimiglia
Listing Office: Vadala Real Estate
MLS® Number: 73565095
