8 Sylvan Street Gloucester — Photo 1 of 36
$499,900
Investment Analysis — 8 Sylvan Street
Gloucester, MA 01930
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 01930 carries an estimated $3,080/mo in gross rent — about a 4.76% cap rate and $23,808/yr in estimated NOI at the $499,900 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1
SqFt
1,132
Style
Single Family
Built
1900
Welcome to this 3-bedroom 1-bathroom home offering a functional lay out and great everyday convenience. The open concept dining area creates an easy flow for entertaining and daily living, while a wood stove hookup adds cozy potential for the colder months. The first floor features a comfortable bedroom, ideal for home office or guest room. Upstairs you'll find two additional bedrooms with generous closet space. Two parking spaces provide off street parking convenience and the proximity to transportation makes commuting a breeze. Enjoy easy access to the ocean, area beaches and the beautiful grounds of Stage Fort Park - perfect for morning walks, sunset views and making the most of New England living. Don't miss this opportunity to own a home in one of the North Shore's most charming coastal communities.
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: 566 sq ft (the lesser of 900 sq ft or half the 1,132 sq ft principal dwelling). Lot size: 2,178 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
Water Heater • Range • Dishwasher • Disposal • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Medical Facility • Laundromat
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,FirstCeiling Fan(s), Flooring - Wood, Cable Hookup
Dining Room
Lvl Main,FirstCloset/Cabinets - Custom Built, Flooring - Hardwood
Kitchen
Lvl Main,FirstDining Area, Breakfast Bar / Nook, Deck - Exterior, Exterior Access
Master Bedroom
Lvl SecondCloset, Flooring - Hardwood
Bedroom 2
Lvl SecondBedroom 3
Lvl FirstFlooring - Hardwood
Listing Agent: Maura J. Glowik
Listing Office: Century 21 North East
MLS® Number: 73562740
