5 Grapevine Rd Gloucester — Photo 1 of 17
Recent Drop: $66,000
$459,000
Investment Analysis — 5 Grapevine Rd
Gloucester, MA 01930 — East Gloucester
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 1-bedroom in 01930 carries an estimated $2,160/mo in gross rent — about a 3.36% cap rate and $15,443/yr in estimated NOI at the $459,000 list price. Adjust every assumption in the calculator below.
Beds
1
Baths
1
SqFt
607
Style
Single Family
Built
1925
Cozy rustic 1 BR 1 BA year round Cottage in need of some updating but in prime East Gloucester neighborhood! Great location in an area of many multi-million dollar homes! Close to Niles Beach, Rocky Neck art galleries, shops, restaurants, boat marinas, Gloucester Stage Co. theater, Bass Rocks, Good Harbor Beach and Eastern Point! Owners have obtained approvals from Gloucester Zoning Board and Conservation Commission for your construction of an approximately 2968 Sq. Ft. 3-4 BR, 2.5 BA Craftsman style single family home featuring 1st floor primary BR and bath designed for age in place living! All utilities on site include city water, city sewer, natural gas, electric and cable. Renovate and expand existing cottage or build new depending on your needs!
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: 304 sq ft (the lesser of 900 sq ft or half the 607 sq ft principal dwelling). Lot size: 5,245 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 MLS and other third-party data may be inaccurate or out of date.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
Amenities & Appliances
Gas Water Heater • Water Heater • Refrigerator
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Golf • Medical Facility
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First13 x 15
Closet, Flooring - Wood, Exterior Access
Kitchen
Lvl First7 x 14
Flooring - Wood
Primary Bedroom
Lvl First9.5 x 9.5
Flooring - Vinyl, Closet - Double
Bathroom 1
Lvl First6.416666666 x 5.75
Bathroom - With Shower Stall, Flooring - Vinyl
Property History
$459,000
Was $525,000
Sep 11, 2026
MLS® 73562301
$525,000
Aug 12, 2026
MLS® 73562301
$459,000
Apr 15, 2026
MLS® 73501679
Listing Agent: Lane Team
Listing Office: North Shore's Gold Coast Realty
MLS® Number: 73562301
