Investment Analysis — 273 Washington St #2

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 3.92% cap rate and $21,568/yr in estimated NOI at the $550,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

1.5

SqFt

1,349

Style

Condominium

Built

1987

Don't miss this move-in-ready condo that feels like single home living that combines modern updates, a private outdoor space, and an unbeatable Gloucester location. This beautifully well maintained 3-bedroom, 1 and a half bath condominium offers the perfect blend of comfort, convenience, and coastal charm. The spacious layout features bright open concept living areas, well-sized bedrooms, 1 and a half baths, in-unit laundry and fresh paint throughout the entire unit. Enjoy your own private fenced-in outdoor space including a large deck, ideal for relaxing, entertaining, or enjoying the fresh sea air. Additional highlights include two off-street parking spaces, private storage, a new roof, new hot water tank and a new fence, providing peace of mind and added value. Conveniently located near Gloucester's vibrant downtown, easy access to route 128, waterfronts, beaches, restaurants, shops, and commuter route, this home offers an exceptional opportunity to enjoy all that Cape Ann has to offer.

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 MLS and other third-party data may be inaccurate or out of date.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.