
612 Essex Ave #5 Gloucester — Photo 1 of 28
$659,000
Investment Analysis — 612 Essex Ave #5
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 2.00% cap rate and $13,182/yr in estimated NOI at the $659,000 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
1.5
SqFt
1,435
Style
Condominium
Built
1988
Fantastic opportunity to own a lovely townhouse at Mast Hill Condominiums! This well-maintained home offers comfortable living across three levels, with beautiful flooring throughout the main level.The updated kitchen features stainless steel appliances and granite countertops, opening seamlessly to the dining and living areas. The spacious, open-concept layout is perfect for both everyday living and entertaining, with direct access to a sunny deck overlooking a quiet, private yard. A convenient powder room completes the main level.Upstairs, the second floor offers two comfortable bedrooms and a full bathroom with a walk-in shower. The primary bedroom features private access to a balcony, providing a peaceful spot to enjoy views of the surrounding yard and beyond.The versatile third level offers endless possibilities and can be used as a home office, guest space, exercise area, or whatever best suits your needs.All the comforts of home are tucked away in beautiful Gloucester, conveniently located less than five miles from the area's beaches and downtown. Enjoy fabulous restaurants, entertainment venues, parks, and the waterfront—all just minutes away.
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 MLS and other third-party data may be inaccurate or out of date.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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Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Tennis Court(s) • Park • Medical Facility • Highway Access
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,FirstFlooring - Hardwood, Balcony / Deck, Exterior Access, Open Floorplan
Dining Room
Lvl Main,FirstCloset/Cabinets - Custom Built, Flooring - Hardwood
Kitchen
Lvl Main,FirstOffice
Lvl ThirdCloset, Flooring - Hardwood
Primary Bedroom
Lvl SecondBedroom 2
Lvl SecondListing Agent: Kathryn Tully
Listing Office: Century 21 North East
MLS® Number: 73577938