Investment Analysis — 44 Lexington Ave #37

Gloucester, MA 01930 — Magnolia

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 1-bedroom in 01930 carries an estimated $2,160/mo in gross rent — about a 3.04% cap rate and $10,014/yr in estimated NOI at the $329,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

674

Style

Condominium

Built

1966

Enjoy carefree coastal living in this beautifully renovated 1-bedroom, 1-bath condominium located in a professionally managed, elevator-serviced building in Gloucester's beautiful village of Magnolia! Just moments from the beach and ocean, this light-filled, one-level home offers stylish updates throughout and a highly sought-after low-maintenance lifestyle.The stunning kitchen features stainless steel appliances, soft-close cabinetry with a sophisticated stone finish, quartz countertops, a classic white subway tile backsplash, recessed lighting, and under-cabinet illumination. The thoughtfully renovated bathroom showcases a tiled walk-in shower with glass enclosure, radiant heated tile flooring, pedestal sink, and updated fixtures.Beautiful wide pine flooring extends throughout the living room, kitchen, and bedroom, creating warmth and character. A newer sliding glass door opens to a private covered balcony, the perfect place to relax and enjoy refreshing ocean breezes and picturesque sunset views.Additional amenities include deeded parking for one vehicle, common laundry facilities, and a dedicated lower-level storage closet. Ideal for downsizers, second-home buyers, or anyone seeking easy living by the sea, this move-in-ready home offers the perfect blend of comfort, style, and coastal charm.

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 MLS and other third-party data may be inaccurate or out of date.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