
28 Kennedy Rd #B Gloucester — Photo 1 of 39
Recent Drop: $104,900
$1,395,000
Investment Analysis — 28 Kennedy Rd #B
Gloucester, MA 01930 — Magnolia
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 -0.13% cap rate and $-1,821/yr in estimated NOI at the $1,395,000 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
3.5
SqFt
3,061
Style
Condominium
Built
2016
Imagine the scale of a single-family home, the maintenance freedom of a luxury condominium, and the draw of the New England coast--all just around the corner from both the quaint seaside town of Manchester and the bustling Gloucester Center. Set within the exclusive Village at Magnolia Shores nestled on 50 park-like acres, this exceptional 2+bedroom, 3.5-bath, 3000+ sq ft residence redefines condominium living. Step inside to soaring 10ft coffered ceilings and a sun-flooded great room anchored by a gas fireplace, where living, dining, and a beautifully appointed designer kitchen open naturally into one another. An adjacent sunroom captures light from sunrise to sunset making it a spa-like sanctuary year round. The primary suite with a luxurious bath and walk-in closet, a second ensuite bedroom, and an inviting library/office make for easy first floor living. The lower level is a third suite: bedroom, full bath, and a spacious family room with sliders opening to the outdoors--it's where kids can play, teens can hide, and houseguests can find a home within your home!
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 MLS and other third-party data may be inaccurate or out of date.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 History
$1,395,000
Was $1,450,500
Aug 3, 2026
MLS® 73528259
$1,450,500
Was $1,499,900
Jul 16, 2026
MLS® 73528259
$1,499,900
Jun 2, 2026
MLS® 73528259
Listing Agent: Meg Mcgowan
Listing Office: Sagan Harborside Sotheby's International Realty
MLS® Number: 73528259