3 Sadler Street Gloucester — Photo 1 of 10
$275,000
Investment Analysis — 3 Sadler Street
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 7.27% cap rate and $19,989/yr in estimated NOI at the $275,000 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
1
SqFt
912
Style
Single Family
Built
1900
Opportunity awaits in Gloucester’s Portuguese Hill neighborhood. Bring your vision, creativity, and ideas to 3 Sadler Street, a 2-bedroom, 1-bath property offering investors, contractors, and buyers an exciting chance to reimagine the property and explore its possibilities. The location is the standout, set in a historic Gloucester neighborhood with convenient access to Route 128, Gloucester Crossing Shopping Plaza, East Gloucester Veterans Memorial School, Good Harbor Beach, Downtown Gloucester, and all that Cape Ann has to offer. The property is currently non-habitable and requires renovation, making this an opportunity best suited for those ready to bring fresh vision and new life to the property. Buyers and buyer agents are responsible for performing their own due diligence regarding the property, potential uses, permitting, and condition. No entry without executed release. Evidence of nesting wildlife. Buyer and Buyers Agents to do due diligence regarding zoning and razing the building.
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: 456 sq ft (the lesser of 900 sq ft or half the 912 sq ft principal dwelling). Lot size: 3,950 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.
Open Houses
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Neighborhood
Public Transportation • Highway Access • Public School
Geography
Listing Agent: Ron Goulart & Jennifer Anderson
Listing Office: RE/MAX Beacon
MLS® Number: 73580922
