Canceled
3 Days on market
146 Leonard St Gloucester — Photo 1 of 40

146 Leonard St Gloucester — Photo 1 of 40

$1,550,000

Investment Analysis — 146 Leonard St

Gloucester, MA 01930 — Annisquam

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 01930 carries an estimated $3,390/mo in gross rent — about a 1.32% cap rate and $20,468/yr in estimated NOI at the $1,550,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

4

Baths

3

SqFt

1,873

Style

Single Family

Built

1762

The “Cottage at the Head of Lobster Cove” as it was named and made famous by The White Pine Series of Architectural Monographs in the early 1900’s was constructed in 1762 and meticulously restored by the current owners. Drenched in history and charming period details, the home offers 4 fireplaces, 4 bedrooms and 3 baths. The roof is just one year old and the gutters and downspouts are all copper. The sale includes an abutting one bedroom artists studio in a converted barn with vaulted ceilings and exposed posts and beams. Located on the lower level is a workshop and garden room. Exquisite gardens, sprawling lawn and patio areas. This property is an antique lovers dream!

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: 900 sq ft (the lesser of 900 sq ft or half the 1,873 sq ft principal dwelling). Lot size: 20,669 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$1,550,000
Annual Taxes$10,449

Parking

Garage0
Off-Street4

Interior Specifications

Total Rooms9
Fireplaces4
FlooringWood, Pine
BasementWalk-Out Access, Concrete

Climate & Utilities

HeatingForced Air, Heat Pump, Natural Gas
CoolingNone
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionPost & Beam
RoofShingle
FoundationGranite
ZoningR-20

Property & Lot

Acres0.47
SqFt Lot20,669
Lot FeaturesCorner Lot

Amenities & Appliances

Gas Water Heater • Range • Refrigerator • Washer • Dryer

Geography

Floorplan Breakdown

Structural Layout

Second
Bedroom 2Bedroom 3Bedroom 4Bathroom 2Bathroom 3
First
Living RoomKitchenFamily RoomPrimary BedroomBathroom 1
Living Room
Lvl First
Kitchen
Lvl First
Family Room
Lvl First
Primary Bedroom
Lvl First
Bedroom 2
Lvl Second
Bedroom 3
Lvl Second
Bedroom 4
Lvl Second
Bathroom 1
Lvl First
Bathroom 2
Lvl Second
Bathroom 3
Lvl Second
Listing Provided By

Listing Agent: Michael Beaton

Listing Office: Churchill Properties

MLS® Number: 73576912