Investment Analysis — 37 Hartz St

Gloucester, MA 01930 — East Gloucester

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 2.45% cap rate and $17,867/yr in estimated NOI at the $729,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

1.5

SqFt

1,108

Style

Single Family

Built

1900

This lovely 2+ bedroom Queen Anne-style home is located approximately 1/2 mile from beautiful Good Harbor Beach, a short distance to Gloucester Harbor, and easy commuter access to Rte. 128. This charming home features a welcoming covered porch, updated kitchen with a kitchen island, and updated appliances. The kitchen opens to a formal dining room which has access to a cozy covered porch. A charming living room and 1½ baths completes the first floor. The 2nd floor features a lovely primary bedroom, a 2nd bedroom and a 3rd room which could be used as an office/den/ or extra sleep space. The enclosed backyard is perfect for relaxing and entertaining, complete with a beautiful gunite in-ground pool, gazebo and pool shed. This wonderful home offers a wonderful blend of classic charm and modern updates in a fantastic coastal location.

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: 554 sq ft (the lesser of 900 sq ft or half the 1,108 sq ft principal dwelling). Lot size: 7,800 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.