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27 Days on market
8 Rouse Rd. Gloucester — Photo 1 of 25

8 Rouse Rd. Gloucester — Photo 1 of 25

$2,995,000

Investment Analysis — 8 Rouse Rd.

Gloucester, MA 01930 — Eastern Point

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 -0.18% cap rate and $-5,428/yr in estimated NOI at the $2,995,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

2

Baths

2

SqFt

2,894

Style

Single Family

Built

1920

Set on the coveted waterfront of Eastern Point, this iconic property offers a truly exceptional location overlooking the open Atlantic. During World War II, the home was owned by the U.S. government and served as a lookout station for enemy submarines.The first floor features an inviting open floor plan, with a kitchen flowing into the living and dining areas. A dramatic floor-to-ceiling fieldstone fireplace anchors the living room, while sliders open to a beautiful waterside patio—perfect for enjoying the spectacular setting.The expansive great room, once a garage, offers tremendous flexibility and could be converted back if desired. On the second floor, two generous decks flank the main structure, while a cozy second living room with fireplace provides an intimate retreat. The spacious primary bedroom features a full bath and access to the remarkable outdoor spaces.A spiral staircase leads to the third-floor loft, where the views are truly magnificent, stretching across the open Atlantic. Renovate to your taste or build anew—properties in a setting this rare and extraordinary seldom become available.

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: 900 sq ft (the lesser of 900 sq ft or half the 2,894 sq ft principal dwelling). Lot size: 24,214 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

Original Price$2,995,000
Annual Taxes$28,775

Parking

Garage0
Off-Street4

Interior Specifications

Total Rooms6
Fireplaces2
FlooringTile, Carpet, Hardwood, Flooring - Hardwood
BasementNone

Climate & Utilities

HeatingCentral, Baseboard, Fireplace(s)
CoolingNone
WaterPublic
SewerPrivate Sewer

Building & Exterior

ConstructionFrame, Stone
RoofShingle
FoundationBlock
ZoningRC-40

Property & Lot

Acres0.56
SqFt Lot24,214
Lot Features--

Amenities & Appliances

Water Heater • Oven • Dishwasher • Refrigerator

Geography

Floorplan Breakdown

Structural Layout

Third
Bedroom 2
Second
Master BedroomBathroom 2
First
KitchenFamily RoomBathroom 1
Kitchen
Lvl First

14 x 12

Flooring - Hardwood

Family Room
Lvl First

25 x 9

Master Bedroom
Lvl Second

19 x 16

Bedroom 2
Lvl Third

25 x 12

Bathroom 1
Lvl First

7 x 6

Bathroom - Full

Bathroom 2
Lvl Second

10 x 6

Bathroom - Full

Listing Provided By

Listing Agent: Barbara Dugan

Listing Office: Engel & Volkers By the Sea

MLS® Number: 73564204