49 Woodward Avenue Gloucester — Photo 1 of 35
$749,900
Investment Analysis — 49 Woodward Avenue
Gloucester, MA 01930
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 01930 carries an estimated $3,080/mo in gross rent — about a 2.87% cap rate and $21,496/yr in estimated NOI at the $749,900 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2
SqFt
1,854
Style
Single Family
Built
1976
CLOSE TO PERFECTION and PRICED TO SELL! This special WATERVIEW HOME across from "Little River" has gone through extensive renovations in the past 12 months. Inviting and relaxing river views from the new large glass sliders in the huge living room and new wraparound decking will become an enticing daily activity to enjoy your favorite beverage morning, noon or night. This 8-room, 3-bedroom and 2-bath residence offers an appealing layout highlighted by an enclosed entry room, den or dining room and walls of glass windows/slider surrounding the family room that is directly off the kitchen/dining area with pellet stove. Upstairs you can work from home in the dedicated second floor office space with a separate entrance. A long list of improvements includes a total exterior rehabilitation with new siding, roofs, gutters, windows, sliders, all decking and landscaping with stone and wood retaining walls. New bedroom carpeting and refinished hardwood floors. New overhead garage door. With so much already completed, all that’s left is to bring your imagination and finish this masterpiece exactly the way you envision it.
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 1,854 sq ft principal dwelling). Lot size: 9,387 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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Electric Water Heater • Water Heater • Dishwasher • Range • Refrigerator
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstFlooring - Hardwood, Balcony / Deck, Exterior Access, Slider
Dining Room
Lvl FirstFlooring - Wood
Kitchen
Lvl FirstDining Area
Office
Lvl SecondFlooring - Wall to Wall Carpet
Family Room
Lvl FirstWood / Coal / Pellet Stove, Window(s) - Picture
Master Bedroom
Lvl SecondCloset, Flooring - Wall to Wall Carpet
Bedroom 2
Lvl SecondBedroom 3
Lvl SecondCloset, Flooring - Wall to Wall Carpet
Bathroom 1
Lvl FirstBathroom - 3/4, Bathroom - With Shower Stall, Flooring - Vinyl, Dryer Hookup - Electric, Washer Hookup
Bathroom 2
Lvl SecondBathroom - With Tub & Shower
Property History
$749,900
Sep 4, 2026
MLS® 73572120
$400,000
Jan 22, 2026
MLS® 73416616
$400,000
Aug 12, 2025
MLS® 73416616
Listing Agent: Joel E. Margolis
Listing Office: J. Barrett & Company
MLS® Number: 73572120
