1 Pigeon Hill Street Rockport — Photo 1 of 20
Recent Drop: $50,000
$1,100,000
Investment Analysis — 1 Pigeon Hill Street
Rockport, MA 01966
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 01966 carries an estimated $3,080/mo in gross rent — about a 1.80% cap rate and $19,855/yr in estimated NOI at the $1,100,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
3
SqFt
2,786
Style
Single Family
Built
1987
Pigeon Cove - Welcome to this classic 3-BR, 3BA Cape in the heart of Pigeon Cove, featuring a charming farmers porch and an inviting open floor plan. The family room with fireplace flows seamlessly into the kitchen and out to a private backyard and deck, creating an easy indoor-outdoor lifestyle. A first floor bath and laundry add convenience. Upstairs, the large en-suite primary bedroom offers comfort and privacy. The full basement includes a permitted wood stove and newer Buderus furnace and premium mechanical systems. Set on a large private backyard framed by natural granite ledges. Close to the harbor, quarries and scenic coastal and wooded trails.
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 2,786 sq ft principal dwelling). Lot size: 18,216 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 MLS and other third-party data may be inaccurate or out of date.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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Water Heater • Oven • Dishwasher • Disposal • Trash Compactor • Range • Refrigerator • Washer • Dryer
Neighborhood
Tennis Court(s) • Park
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstDining Room
Lvl Main,FirstCloset, Flooring - Hardwood, Window(s) - Stained Glass
Kitchen
Lvl Main,FirstFlooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Kitchen Island, Open Floorplan, Remodeled, Slider, Lighting - Overhead
Family Room
Lvl Main,FirstCable Hookup, Open Floorplan
Primary Bedroom
Lvl SecondBathroom - Full, Bathroom - Double Vanity/Sink, Walk-In Closet(s), Flooring - Wall to Wall Carpet, Cable Hookup
Bedroom 2
Lvl SecondBedroom 3
Lvl SecondCloset, Flooring - Wall to Wall Carpet
Bathroom 1
Lvl FirstBathroom - Full
Bathroom 2
Lvl SecondBathroom - Full
Bathroom 3
Lvl SecondBathroom - Full, Cable Hookup, Double Vanity, Remodeled
Property History
$1,100,000
Was $1,150,000
May 26, 2026
MLS® 73514512
$1,150,000
May 7, 2026
MLS® 73514512
Listing Agent: Richard Olson
Listing Office: Olson Real Estate
MLS® Number: 73514512