6 Mt Locust Place #2 Gloucester — Photo 1 of 39
$489,000
Investment Analysis — 6 Mt Locust Place #2
Gloucester, MA 01930
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-bedroom in 01930 carries an estimated $2,560/mo in gross rent — about a 2.47% cap rate and $12,079/yr in estimated NOI at the $489,000 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
1
SqFt
840
Style
Condominium
Built
1920
Just moments from beloved Plum Cove Beach, where spectacular sunsets and coastal beauty become part of everyday life, this newly renovated ground level condominium offers a turnkey opportunity in one of Gloucester's most sought-after seaside settings. Fresh, clean, and thoughtfully updated, the home features stone countertops, a dedicated office nook, and a new washer/dryer combo for modern convenience. An efficient layout maximizes every square foot, while a detached workshop/studio provides endless possibilities for artists, hobbyists, fitness enthusiasts, or storage for kayaks, paddleboards and beach gear. A private outdoor area, located a short distance from the unit, offers valuable additional space for gardening, boat storage or outdoor recreation. Whether you’re seeking a year-round residence, weekend retreat, or summer getaway, this low-maintenance property delivers exceptional access to the beach and all that Cape Ann has to offer.
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 MLS and other third-party data may be inaccurate or out of date.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
Range • Dishwasher • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Walk/Jog Trails • Highway Access • House of Worship • Public School
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstFlooring - Stone/Ceramic Tile, Cable Hookup
Dining Room
Lvl FirstFlooring - Stone/Ceramic Tile
Kitchen
Lvl FirstFlooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Cabinets - Upgraded, Recessed Lighting
Master Bedroom
Lvl FirstFlooring - Stone/Ceramic Tile
Bedroom 2
Lvl FirstBathroom 1
Lvl FirstFlooring - Stone/Ceramic Tile
Listing Agent: Sara Seber
Listing Office: Engel & Volkers By the Sea
MLS® Number: 73526608
