5 Field Rd Gloucester — Photo 1 of 30
Recent Drop: $26,000
$949,000
Investment Analysis — 5 Field Rd
Gloucester, MA 01930 — Magnolia
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 2.30% cap rate and $21,799/yr in estimated NOI at the $949,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2
SqFt
1,377
Style
Single Family
Built
1966
5 minutes to Magnolia Beach! Enjoy single-level living featuring top-quality, extensive renovations throughout with 3 bedrooms(4 bedroom septic) and 2 full baths all on one level. Downstairs, you'll find a spacious, semi-finished basement bonus space boasting 7.5-foot ceilings, a window well, and egress. Tucked off the beaten path, this property sits on a level lot complete with an apple tree, blackberry bushes, off-street parking, and a corner lot on paper road leading right to the beach. You are just moments away from Lexington Ave shops and restaurants, plus the magnificent vistas of Shore Rd. Don't miss this move-in ready home—there is still time to enjoy summer at the beach!
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: 689 sq ft (the lesser of 900 sq ft or half the 1,377 sq ft principal dwelling). Lot size: 7,500 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 MLS and other third-party data may be inaccurate or out of date.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.
Immersive Experience
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Electric Water Heater • Dishwasher • Microwave • Refrigerator • Range Hood • Range
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Medical Facility • Bike Path
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstFlooring - Vinyl, Open Floorplan, Recessed Lighting
Kitchen
Lvl FirstFlooring - Vinyl, Dining Area, Kitchen Island, Breakfast Bar / Nook, Cabinets - Upgraded, Open Floorplan, Recessed Lighting, Stainless Steel Appliances, Lighting - Pendant
Master Bedroom
Lvl FirstBathroom - Full, Ceiling Fan(s), Closet, Flooring - Vinyl
Bedroom 2
Lvl FirstBedroom 3
Lvl FirstCeiling Fan(s), Closet, Flooring - Vinyl
Bathroom 1
Lvl FirstBathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile
Bathroom 2
Lvl FirstBathroom - Full, Bathroom - With Shower Stall, Flooring - Stone/Ceramic Tile
Property History
$949,000
Was $975,000
Aug 4, 2026
MLS® 73540349
$975,000
Jun 23, 2026
MLS® 73540349
Listing Agent: Camille Murphy
Listing Office: Redfin Corp.
MLS® Number: 73540349
