3 Colburn St #1 Gloucester — Photo 1 of 42
Recent Drop: $100,000
$1,599,000
Investment Analysis — 3 Colburn St #1
Gloucester, MA 01930
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 01930 carries an estimated $3,080/mo in gross rent — about a 0.22% cap rate and $3,502/yr in estimated NOI at the $1,599,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2.5
SqFt
2,653
Style
Condominium
Built
2025
New Construction — A rare opportunity to own one of only two beautiful oceanside units across from Hodgkins Cove. Built by the Larkin Family Builders, known for high-end quality workmanship, this light-filled coastal home offers wonderful ocean views, an open living space, gourmet kitchen, striking fireplace, designer finishes, private outdoor areas, and four covered parking spaces beneath the building. Peaceful, stylish, and just moments from downtown Gloucester, this is a special coastal retreat buyers will want to see in person.
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 MLS and other third-party data may be inaccurate or out of date.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
Range • Dishwasher • Disposal • Microwave • Refrigerator • ENERGY STAR Qualified Refrigerator • ENERGY STAR Qualified Dishwasher • Plumbed For Ice Maker
Neighborhood
Park • Walk/Jog Trails • Conservation Area • Other
Geography
Property History
$1,599,000
Was $1,649,000
Jul 24, 2026
MLS® 73501723
$7,495
Jun 22, 2026
MLS® 73539604
$1,649,000
Was $1,699,000
May 28, 2026
MLS® 73501723
$1,699,000
Apr 15, 2026
MLS® 73501723
$1,699,000
Dec 16, 2025
MLS® 73397884
$1,699,000
Jun 27, 2025
MLS® 73397884
Listing Agent: Phyllis Larkin
Listing Office: Larkin & Larkin Real Estate
MLS® Number: 73501723