44 Lexington Ave #42 Gloucester — Photo 1 of 29
$400,000
Investment Analysis — 44 Lexington Ave #42
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 2.96% cap rate and $11,855/yr in estimated NOI at the $400,000 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
1
SqFt
869
Style
Condominium
Built
1966
Stunning water views await from this open and spacious 2-bedroom featuring an oversized private deck, generous closet space, and the convenience of elevator access tucked away in the Magnolia neighborhood of Gloucester. Condo living doesn't get much easier at this price point. Park in your exclusive-use parking space located right next to the building entrance, take the elevator to the fourth floor, and enjoy breathtaking ocean views from the open-concept kitchen, living, and dining area. Start your mornings with a cup of coffee on your private deck, perched high above the sea. The home offers two well-proportioned bedrooms, ample in-unit storage, additional basement storage, and a brand-new laundry room. This well-maintained, professionally managed building also features on-site maintenance, making for truly easy, low-maintenance living at a very reasonable price.
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 MLS and other third-party data may be inaccurate or out of date.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.
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Listing Agent: Jeremy Mcelwain
Listing Office: Coldwell Banker Realty - Manchester
MLS® Number: 73580286
