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38 Pigeon Hill St Rockport — Photo 1 of 23

38 Pigeon Hill St Rockport — Photo 1 of 23

$699,000

Investment Analysis — 38 Pigeon Hill St

Rockport, MA 01966

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 01966 carries an estimated $3,080/mo in gross rent — about a 3.20% cap rate and $22,359/yr in estimated NOI at the $699,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

2

SqFt

1,208

Style

Single Family

Built

1866

Set above a rocky bluff in one of Rockport’s charming neighborhoods, this home offers character, flexibility, and the opportunity for easy coastal living. The versatile floor plan features 3 bedrooms, 2 full baths, with the option for a first-floor primary bedroom and one-level living if desired. Hardwood floors, an updated kitchen, mudroom, and laundry room add to the home’s comfort and functionality, while the covered front porch provides a welcoming place to enjoy the neighborhood.The outdoor spaces are equally inviting, with a large rear deck overlooking a spacious yard and perennial gardens—ideal for entertaining, relaxing, and gatherings. A storage shed provides additional convenience, while the front driveway accommodates two cars, with an additional parking space behind the home. Ideally located just a mile or two from Rockport’s beaches and harbors and close to countless walking trails, the historic Rockport quarries, Pigeon Cove Harbor, and Halibut Point State Park. Bearskin Neck Village and the Rockport commuter rail to Boston are also within easy reach. A wonderful opportunity to enjoy the charm, history, and natural beauty of Rockport with so much of the North Shore right outside your door.

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: 604 sq ft (the lesser of 900 sq ft or half the 1,208 sq ft principal dwelling). Lot size: 5,831 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

Original Price$699,000
Annual Taxes$5,730.8

Parking

Garage0
Off-Street3

Interior Specifications

Total Rooms6
FireplacesNone
FlooringWood
BasementFull, Interior Entry, Bulkhead

Climate & Utilities

HeatingBaseboard
CoolingNone
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningRA

Property & Lot

Acres0.13
SqFt Lot5,831
Lot FeaturesLevel

Amenities & Appliances

Water Heater • Range • Dishwasher

Neighborhood

Public Transportation • Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Bike Path

Geography

Floorplan Breakdown

Structural Layout

Second
Bedroom 2Bedroom 3Bathroom 2
First
Living RoomBathroom 1
Main,First
KitchenPrimary Bedroom
Living Room
Lvl First

17.4 x 12.9

Flooring - Hardwood, Balcony / Deck, Exterior Access, Lighting - Overhead

Kitchen
Lvl Main,First

11.5 x 13.1

Skylight, Ceiling Fan(s), Flooring - Hardwood, Dining Area, Balcony / Deck, Countertops - Stone/Granite/Solid, Exterior Access, Remodeled, Stainless Steel Appliances, Lighting - Overhead, Half Vaulted Ceiling(s)

Primary Bedroom
Lvl Main,First

11.5 x 14.7

Walk-In Closet(s), Flooring - Hardwood

Bedroom 2
Lvl Second

17.4 x 14.5

Bedroom 3
Lvl Second

11 x 12.6

Closet, Flooring - Hardwood

Bathroom 1
Lvl First

10.5 x 5.2

Bathroom - Full, Bathroom - With Tub

Bathroom 2
Lvl Second

10.6 x 7.1

Bathroom - Full, Bathroom - With Shower Stall, Skylight, Flooring - Stone/Ceramic Tile

Listing Provided By

Listing Agent: Nest | Syndi Zaiger Group

Listing Office: Compass

MLS® Number: 73583895