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13 Days on market

3 Rockwood Ln Gloucester — Photo 1 of 42

$698,000

Investment Analysis — 3 Rockwood Ln

Gloucester, MA 01930 — Lanesville

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 2.55% cap rate and $17,783/yr in estimated NOI at the $698,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

1,390

Style

Single Family

Built

1950

Nestled on a quiet side street near the heart of Lanesville Village, this charming home offers the perfect blend of comfort, convenience, and coastal living. Just one mile from Plum Cove Beach and Lanes Cove is even closer, Downtown Lanesville is also close enough to stroll or bike for coffee or lunch at Cove Café in the vibrant Lanesville area of Gloucester. Pick up your favorites at the Café on the way to work, the beach, or the cove. Looking for a two-bedroom home with flexibility? The first floor is thoughtfully designed with an office or crafts room that could also serve as a bedroom if needed. The open first-floor layout features a dining area, spacious living room, and efficient kitchen, creating a comfortable setting for everyday living and entertaining. The home has a newer full bath on the on the first level and renovations to it will be complete prior to closing. The second-floor bath has been completely renovated and it shows. A convenient laundry area has also been added in the hallway near the bedrooms and bath. Outside, there’s plenty of yard space for gardening, along with a storage shed for lawn and garden equipment. And for those who love being on the water, Lanes Cove is just down the street, offering a convenient spot to launch your paddle board, canoe, or kayak. With its flexible floor plan, updated baths, outdoor space, and wonderful Lanesville location, this is a home you won’t want to miss.. Video at You Tube

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: 695 sq ft (the lesser of 900 sq ft or half the 1,390 sq ft principal dwelling). Lot size: 16,211 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.