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158 Hesperus Ave #2L Gloucester — Photo 1 of 39

158 Hesperus Ave #2L Gloucester — Photo 1 of 39

$599,000

Investment Analysis — 158 Hesperus Ave #2L

Gloucester, MA 01930 — Magnolia

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 1-bedroom in 01930 carries an estimated $2,160/mo in gross rent — about a 1.39% cap rate and $8,302/yr in estimated NOI at the $599,000 list price. Adjust every assumption in the calculator below.

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Beds

1

Baths

1

SqFt

1,145

Style

Condominium

Built

1900

Discover sophisticated living at 158 Hesperus Ave U:2L in Gloucester, MA. This water view renovated 5 room 2nd floor one level condo offers 1145 square feet of refined space in great condition. Located in a private Magnolia area estate setting on 1 acre of lovely grounds in an attractive grand Victorian style home that blends historical charm with contemporary comfort. The fully applianced kitchen is a culinary delight, featuring custom oversized white wood cabinets, gleaming stainless steel appliances and elegant granite counters. Its intelligent peninsula design w/ 3 person breakfast bar creates a natural flow into the family room, fostering an open-plan environment perfect for entertaining or daily living. Adjacent to the kitchen, the living room provides a welcoming atmosphere for sitting and reading while taking in the water views, defined by its rich fir flooring that extends throughout the space. The primary bedroom features the warmth and elegance of a fireplace with marble trim and fir flooring, creating a cohesive and inviting private retreat. Work remote from your home office with built in shelving and ample closet space. Enjoy the smell of salty ocean air and expand your living space on the inviting exclusive use private deck off kitchen ideal for drinks and Summer meals! Modern updated tile bath. A flexible floor plan allows for a variety of room uses. Perfect for those buyers looking to downsize to more manageable living space. Located close to Magnolia and Manchester downtown villages, shops, library, restaurants, and beautiful beaches! 2 car paved parking and ample secure exclusive basement storage area. Ready to move in and start enjoying maintenance free living! Experience the allure of this thoughtfully designed condominium; schedule your private viewing today.

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

Original Price$599,000
Annual Taxes$4,905.44
HOA Fee$540.98

Parking

Garage0
Off-Street2

Interior Specifications

Total Rooms5
Fireplaces1
FlooringWood, Tile
BasementY

Climate & Utilities

HeatingHot Water, Oil, Individual, Unit Control
CoolingNone
WaterPublic
SewerPrivate Sewer

Building & Exterior

ConstructionFrame
RoofAsphalt/Composition Shingles
Foundation--
ZoningR20

Property & Lot

Acres1
SqFt Lot43,518
Lot Features--

Amenities & Appliances

Range • Dishwasher • Microwave • Refrigerator

Neighborhood

Shopping • Park • Walk/Jog Trails • Medical Facility • Conservation Area • Highway Access

Geography

Floorplan Breakdown

Structural Layout

First
Living RoomKitchenOfficeFamily RoomMaster BedroomBathroom 1
Living Room
Lvl First

15.666666666 x 9.583333333

Flooring - Wood

Kitchen
Lvl First

12 x 15

Closet/Cabinets - Custom Built, Flooring - Wood, Dining Area, Countertops - Stone/Granite/Solid, Breakfast Bar / Nook, Cabinets - Upgraded, Deck - Exterior, Exterior Access, Open Floorplan, Recessed Lighting, Remodeled, Stainless Steel Appliances, Lighting - Pendant, Pocket Door

Office
Lvl First

8.5 x 13.416666666

Closet/Cabinets - Custom Built, Flooring - Wood, Recessed Lighting, Closet - Double

Family Room
Lvl First

15 x 12.333333333

Flooring - Wood, Recessed Lighting, Closet - Double, Pocket Door

Master Bedroom
Lvl First

16 x 15.5

Closet, Closet/Cabinets - Custom Built, Flooring - Wood, Lighting - Overhead, Closet - Double

Bathroom 1
Lvl First

10 x 7

Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Recessed Lighting, Remodeled

Listing Provided By

Listing Agent: Lane Team

Listing Office: North Shore's Gold Coast Realty

MLS® Number: 73575009