
79 Dennison Street Gloucester — Photo 1 of 40
$1,250,000
Investment Analysis — 79 Dennison Street
Gloucester, MA 01930 — 4D
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 5-bedroom in 01930 carries an estimated $3,390/mo in gross rent — about a 1.74% cap rate and $21,809/yr in estimated NOI at the $1,250,000 list price. Adjust every assumption in the calculator below.
Beds
5
Baths
2
SqFt
1,773
Style
Single Family
Built
1900
Enchanting Waterfront Cottage w/private dock on peaceful Goose Cove. Enjoy gorgeous water views and looking over the Cove at the most spectacular nightly sunsets. Very serene and much like living on your very own nature preserve. The cottage is warm and welcoming, with a wood paneled, multi-windowed mudroom with storage benches at the entryway, front to back living/dining room, kitchen, first floor bedroom (currently used as a den with pull-out couch) and full bath, a family room/sunroom across the back of the home. The kitchen is older style with a fabulous classic double porcelain sink and tons of storage. You will find four more bedrooms upstairs and a second full bath w/tub and shower. Windows abound throughout the home, offering stellar views from every room, and letting in abundant light and heavenly breezes. The property is beautifully landscaped, providing a continuous rolling display of colorful perennials. Close to Plum Cove Beach, the coveted Lighthouse Beach, the Annisquam River, and multiple trailheads into protected woodlands a short walk from your door.
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: 887 sq ft (the lesser of 900 sq ft or half the 1,773 sq ft principal dwelling).
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
Electric Water Heater • Leased Water Heater • Range • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Walk/Jog Trails • Medical Facility • Conservation Area • Highway Access • Marina
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,First26 x 11
Flooring - Hardwood, Cable Hookup, Open Floorplan
Dining Room
Lvl Main,FirstFlooring - Hardwood, Open Floorplan
Kitchen
Lvl Main,First14 x 13
Flooring - Vinyl
Family Room
Lvl Main,First25 x 9
Flooring - Hardwood, Deck - Exterior, Exterior Access
Master Bedroom
Lvl Second14 x 11
Closet, Flooring - Wood
Bedroom 2
Lvl Second11 x 11
Bedroom 3
Lvl Second11 x 11
Closet, Flooring - Wood
Bedroom 4
Lvl Second13 x 9
Closet, Flooring - Wood
Bedroom 5
Lvl First11 x 10
Closet, Flooring - Wood
Bathroom 1
Lvl Main,First6 x 5
Bathroom - Full, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile, Pedestal Sink
Bathroom 2
Lvl Second7 x 5
Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile
Property History
$1,250,000
Aug 12, 2026
MLS® 73563023
$1,295,000
Oct 24, 2025
MLS® 73428318
$1,295,000
Sep 9, 2025
MLS® 73428318
Listing Agent: Nina Quinlan
Listing Office: Melcher Real Estate Group
MLS® Number: 73563023
