Active
50 Days on market
80 Prospect St #7 Gloucester — Photo 1 of 27

80 Prospect St #7 Gloucester — Photo 1 of 27

$539,000

Investment Analysis — 80 Prospect St #7

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 2.74% cap rate and $14,745/yr in estimated NOI at the $539,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

2

Baths

2

SqFt

1,575

Style

Condominium

Built

1900

At 80 Prospect St U:7 in Gloucester, MA, this 2 bedroom / 2 bathroom condominium presents a refined living experience across 1575 square feet. This attractive property, maintained in great condition, offers an exceptional opportunity for discerning individuals seeking sophisticated urban living. The kitchen is thoughtfully appointed with stainless steel appliances, providing a functional and elegant space for culinary pursuits. This residence encompasses two well-proportioned bedrooms and two full bathrooms, offering comfortable and private accommodation. Entrance on the first floor of a four-story Unit, the property also features a common area porch, ideal for relaxation. Experience coastal living in this beautifully maintained condominium in scenic Gloucester, MA. This bright and inviting Unit offers an open-concept layout filled with natural light, creating a comfortable space for both everyday living and entertaining. The spacious primary suite features a private full bath, while the bonus room provides flexibility for guests, a home office, or family. Enjoy the beauty of Cape Ann from your elevated vantage point, with easy access to Gloucester's renowned beaches, harbor, downtown shops, restaurants, galleries, and waterfront attractions. Whether you're searching for a year-round residence, weekend retreat, or investment opportunity, this move-in-ready condominium Unit combines comfort, convenience, and the best of North Shore coastal living.

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.

Open Houses

Property Details

Financials

Original Price$539,000
Annual Taxes$4,665.58
HOA Fee$328

Parking

Garage0
Off-Street1

Interior Specifications

Total Rooms5
FireplacesNone
FlooringWood, Tile, Flooring - Hardwood
BasementY

Climate & Utilities

HeatingBaseboard
CoolingWindow Unit(s)
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionSee Remarks
RoofSlate
Foundation--
ZoningR5

Property & Lot

Acres--
SqFt Lot--
Lot Features--

Amenities & Appliances

Range • Dishwasher • Disposal • Trash Compactor • Microwave • Refrigerator • Washer • Dryer • ENERGY STAR Qualified Refrigerator • Range Hood

Neighborhood

Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails

Geography

Floorplan Breakdown

Structural Layout

Third
Master BedroomBathroom 1
Second
Living RoomKitchen
First
Bedroom 2Bathroom 2
Living Room
Lvl Second

Cathedral Ceiling(s), Closet/Cabinets - Custom Built, Flooring - Hardwood, Cable Hookup, High Speed Internet Hookup, Open Floorplan, Recessed Lighting, Decorative Molding

Kitchen
Lvl Second

Closet, Flooring - Stone/Ceramic Tile, Pantry, Countertops - Stone/Granite/Solid, Open Floorplan, Recessed Lighting, Stainless Steel Appliances, Gas Stove

Master Bedroom
Lvl Third

Skylight, Closet, Flooring - Wood, Cable Hookup, High Speed Internet Hookup, Recessed Lighting, Closet - Double, Decorative Molding

Bedroom 2
Lvl First
Bathroom 1
Lvl Third

Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile, Countertops - Upgraded, Cable Hookup

Bathroom 2
Lvl First

Bathroom - Full, Bathroom - Tiled With Tub & Shower, Closet - Linen, Closet, Flooring - Stone/Ceramic Tile, Countertops - Upgraded

Listing Provided By

Listing Agent: Bethany Pratt

Listing Office: Churchill Properties

MLS® Number: 73554673