
17 Millett St #3 Gloucester — Photo 1 of 22
$279,000
Investment Analysis — 17 Millett St #3
Gloucester, MA 01930
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 1-bedroom in 01930 carries an estimated $2,160/mo in gross rent — about a 5.82% cap rate and $16,238/yr in estimated NOI at the $279,000 list price. Adjust every assumption in the calculator below.
Beds
1
Baths
1
SqFt
638
Style
Condominium
Built
1900
This adorable penthouse condo offers a bright open floor plan, making it the perfect starter home, beach retreat, or investment property. Vaulted ceilings with skylights fill the unit with natural light, while durable vinyl flooring adds a clean, modern feel throughout. The eat-in kitchen features stainless steel appliances, granite countertops, a breakfast bar, and a generous pantry for extra storage. The recently updated bathroom is beautifully tiled with stone accents and a walk-in shower—perfect after a day at the beach. A convenient washer and dryer (new in 2022) are tucked neatly in the bathroom. The large bedroom easily accommodates a sitting area or home office nook, giving you plenty of flexibility. Why rent when you can own this charming, move-in ready condo? Bonus: furnishings are included, making this an effortless transition into your new coastal lifestyle! The unit has also been a successful short-term rental, offering an excellent opportunity for investors looking for an income-producing property.
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 MLS and other third-party data may be inaccurate or out of date.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 • Disposal • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Park • Walk/Jog Trails • Bike Path • Conservation Area • Highway Access
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstKitchen
Lvl FirstPrimary Bedroom
Lvl FirstBathroom 1
Lvl FirstProperty History
$279,000
Aug 26, 2026
MLS® 73568342
$88,000
Sep 22, 2010
MLS® 71061665
$89,888
Apr 8, 2010
MLS® 71061665
Listing Agent: Sara Couris
Listing Office: Lamacchia Realty, Inc.
MLS® Number: 73568342
