178 Atlantic Street Gloucester — Photo 1 of 32
$1,225,000
Investment Analysis — 178 Atlantic Street
Gloucester, MA 01930 — Wingaersheek
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 1.54% cap rate and $18,911/yr in estimated NOI at the $1,225,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2.5
SqFt
2,404
Style
Single Family
Built
1986
Moments from the pristine shores of Wingaersheek Beach, this beautifully maintained three bedroom, two and a half bath home offers the perfect weekend retreat, seasonal escape, or year round coastal residence. Set in a picturesque setting with views of the Jones River, the property is filled with natural light and features hardwood floors with comfortable living spaces throughout including a kitchen open to the dining area and a family room with fireplace. The second level features three bedrooms and two full baths, including the primary suite. Outside, established perennial gardens and inviting outdoor spaces create a wonderful setting for relaxing or entertaining. Unfinished basement houses utilities & storage space. Two car garage beneath the home provides convenient parking and additional storage. Thoughtfully updated throughout, the home offers a low maintenance coastal lifestyle just moments from one of Cape Ann’s most beloved beaches.
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 2,404 sq ft principal dwelling). Lot size: 18,141 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 • Tankless Water Heater • Range • Dishwasher • Refrigerator • Washer • Dryer • Wine Refrigerator • Range Hood
Neighborhood
Public Transportation • Shopping • Walk/Jog Trails • Golf • Medical Facility • Laundromat
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,First13 x 18
Flooring - Hardwood, Window(s) - Picture
Dining Room
Lvl Main,First14 x 14
Flooring - Hardwood, Balcony / Deck, Deck - Exterior, Exterior Access, Lighting - Pendant
Kitchen
Lvl Main,First14 x 12
Ceiling Fan(s), Flooring - Hardwood, Countertops - Stone/Granite/Solid, Recessed Lighting, Wine Chiller, Peninsula, Lighting - Overhead
Office
Lvl First13 x 7
Flooring - Hardwood
Family Room
Lvl Main,First17 x 14
Vaulted Ceiling(s), Flooring - Hardwood, Balcony / Deck, Deck - Exterior, Exterior Access, Recessed Lighting, Slider
Primary Bedroom
Lvl Second13 x 18
Bathroom - 3/4, Bathroom - Double Vanity/Sink, Walk-In Closet(s), Closet/Cabinets - Custom Built, Flooring - Hardwood, Window(s) - Picture
Bedroom 2
Lvl Second14 x 13
Bedroom 3
Lvl Second14 x 12
Closet, Flooring - Hardwood
Bathroom 1
Lvl Main,First7 x 8
Bathroom - Half, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Dryer Hookup - Electric, Recessed Lighting, Washer Hookup
Bathroom 2
Lvl Second9 x 8
Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid
Bathroom 3
Lvl Second13 x 7
Bathroom - 3/4, Bathroom - Double Vanity/Sink, Bathroom - With Shower Stall, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid
Property History
$1,225,000
Mar 3, 2026
MLS® 73482119
$1,325,000
Oct 29, 2025
MLS® 73379984
$1,325,000
May 26, 2025
MLS® 73379984
Listing Agent: Amanda Armstrong Group
Listing Office: Compass
MLS® Number: 73482119
