6-8 Joppa Way Gloucester — Photo 1 of 11
$1,198,000
Investment Analysis — 6-8 Joppa Way
Gloucester, MA 01930
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a home in 01930 carries an estimated $2,040/mo in gross rent — about a 1.53% cap rate and $18,346/yr in estimated NOI at the $1,198,000 list price. Adjust every assumption in the calculator below.
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An unparalleled opportunity for development comes to light on these private lots near Good Harbor Beach. Ideally situated well with stunning water views, the property is zoned R-10, allowing both single family and multifamily development. Build your private escape and experience the best of the Good Harbor Beach life with birds-eye view of the Atlantic from the comfort of your gorgeous home, or, have your feet in the sand in minutes. The property has a great potential. Please do not walk on site without listing agent.
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 MLS and other third-party data may be inaccurate or out of date.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 • Shopping • Park • Walk/Jog Trails • Golf • Conservation Area
Geography
Property History
$1,198,000
Was $1,098,000
Apr 10, 2026
MLS® 73499819
$1,098,000
Apr 10, 2026
MLS® 73499819
$399,000
Apr 20, 2008
MLS® 70371201
$399,000
Apr 20, 2006
MLS® 70371201
Listing Agent: Nest | Syndi Zaiger Group
Listing Office: Compass
MLS® Number: 73499819
