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612 Essex Ave #5 Gloucester — Photo 1 of 28

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.

View Standard Listing

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 MLS and other third-party data may be inaccurate or out of date.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

Open Houses

Property Details

Financials

Original Price$659,000
Annual Taxes$5,485
HOA Fee$389.98

Parking

Garage0
Off-Street2

Interior Specifications

Total Rooms6
Fireplaces1
FlooringWood, Tile, Carpet, Flooring - Hardwood
BasementN

Climate & Utilities

HeatingForced Air
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
Foundation--
ZoningR-10

Property & Lot

Acres--
SqFt Lot--
Lot Features--

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

Third
Office
Second
Primary BedroomBedroom 2
Main,First
Living RoomDining RoomKitchen
Living Room
Lvl Main,First

Flooring - Hardwood, Balcony / Deck, Exterior Access, Open Floorplan

Dining Room
Lvl Main,First

Closet/Cabinets - Custom Built, Flooring - Hardwood

Kitchen
Lvl Main,First
Office
Lvl Third

Closet, Flooring - Hardwood

Primary Bedroom
Lvl Second
Bedroom 2
Lvl Second
Listing Provided By

Listing Agent: Kathryn Tully

Listing Office: Century 21 North East

MLS® Number: 73577938