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18 Holly St Gloucester — Photo 1 of 39

18 Holly St Gloucester — Photo 1 of 39

$1,350,000

Investment Analysis — 18 Holly St

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 1.41% cap rate and $19,087/yr in estimated NOI at the $1,350,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

4

Baths

3.5

SqFt

3,295

Style

Single Family

Built

1900

This spectacular property was custom-designed and built over the years by the owner of renowned builders Mill River Carpentry. Set on a beautiful lot along a peaceful street in Gloucester's desirable Riverdale neighborhood, this exceptional home showcases remarkable craftsmanship, expansive living spaces, and seamless indoor-outdoor living. A stone driveway welcomes you to an enormous mudroom that opens into a recently renovated custom kitchen featuring concrete quartz countertops and an impressive 60-inch refrigerator. The spacious living room is anchored by a woodstove with a beautiful granite surround and opens to a generous deck and pool area. The main level also offers a full bath with laundry, a comfortable sitting area off the kitchen, and a large dining room with cathedral ceilings. Exceptional details are found throughout, including radiant heat, tongue-and-groove pine ceilings, five-inch red oak flooring, and oversized windows that fill the home with natural light. The open first-floor layout extends effortlessly to a deck, patio, and screened porch, creating an ideal setting for entertaining and relaxing. The second floor features two bedrooms, a full bath, and an impressive primary bedroom with a cathedral ceiling and an oversized walk-in closet. The walkout portion of the basement provides a dedicated home gym area. A spacious breezeway offers flexible den or office space and leads to an oversized garage equipped with a 12-by-10-foot overhead door, a half bath, and radiant floor heat. Completing this remarkable property is a bright one-bedroom apartment above the garage - ideal for extended family, guests, or potential rental income. The apartment also features a large private deck with beautiful views of the Annisquam River and Ipswich Bay.

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: 900 sq ft (the lesser of 900 sq ft or half the 3,295 sq ft principal dwelling). Lot size: 18,300 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.

Open Houses

Property Details

Financials

Original Price$1,350,000
Annual Taxes$11,830.22

Parking

Garage1
Off-Street7

Interior Specifications

Total Rooms12
Fireplaces1
FlooringTile, Carpet, Hardwood, Flooring - Hardwood, Flooring - Stone/Ceramic Tile
BasementFull, Partially Finished, Walk-Out Access, Interior Entry

Climate & Utilities

HeatingBaseboard, Electric Baseboard, Radiant, Oil, Pellet Stove, Wood Stove
CoolingNone
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
RoofShingle
FoundationConcrete Perimeter, Granite
ZoningR-10

Property & Lot

Acres0.42
SqFt Lot18,300
Lot FeaturesLevel

Amenities & Appliances

Range • Dishwasher • Microwave • Refrigerator

Neighborhood

Walk/Jog Trails • Bike Path • Conservation Area

Geography

Floorplan Breakdown

Structural Layout

Second
Master BedroomBedroom 2Bedroom 3Bathroom 2
First
Living RoomDining RoomKitchenFamily RoomBathroom 1Bathroom 3
Living Room
Lvl First

25 x 17

Wood / Coal / Pellet Stove, Ceiling Fan(s), Beamed Ceilings, Closet/Cabinets - Custom Built, Flooring - Hardwood, Deck - Exterior, Slider

Dining Room
Lvl First

21 x 9

Cathedral Ceiling(s), Flooring - Hardwood, French Doors, Deck - Exterior, Wainscoting, Beadboard

Kitchen
Lvl First

14 x 13

Closet/Cabinets - Custom Built, Flooring - Hardwood, Pantry, Countertops - Stone/Granite/Solid, Recessed Lighting, Stainless Steel Appliances, Peninsula, Lighting - Pendant

Family Room
Lvl First

17 x 14

Wood / Coal / Pellet Stove, Flooring - Stone/Ceramic Tile, Exterior Access

Master Bedroom
Lvl Second

15 x 14

Skylight, Cathedral Ceiling(s), Ceiling Fan(s), Walk-In Closet(s), Flooring - Wall to Wall Carpet, Recessed Lighting

Bedroom 2
Lvl Second

14 x 11

Bedroom 3
Lvl Second

12 x 12

Ceiling Fan(s), Cedar Closet(s), Flooring - Wall to Wall Carpet

Bathroom 1
Lvl First

10 x 8

Bathroom - Full, Bathroom - With Tub & Shower, Closet - Linen, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Dryer Hookup - Electric, Washer Hookup

Bathroom 2
Lvl Second

10 x 9

Bathroom - Full, Bathroom - With Shower Stall, Bathroom - With Tub, Skylight, Cathedral Ceiling(s), Recessed Lighting

Bathroom 3
Lvl First

6 x 4

Bathroom - Full

Listing Provided By

Listing Agent: Mark Ventimiglia

Listing Office: Vadala Real Estate

MLS® Number: 73575871