5 Grapevine Rd Gloucester — Photo 1 of 21
Recent Drop: $140,000
$459,000
Investment Analysis — 5 Grapevine Rd
Gloucester, MA 01930 — East Gloucester
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a home in 01930 carries an estimated $2,040/mo in gross rent — about a 3.13% cap rate and $14,349/yr in estimated NOI at the $459,000 list price. Adjust every assumption in the calculator below.
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New construction opportunity in prime East Gloucester neighborhood! This shovel ready lot has all Gloucester Zoning Board and Conservation Commission approvals for your construction of an approximately 2968 SF 3-4 BR 2.5 Bath Craftsman style single family home! Includes custom architect's plans for the home that received approvals from both boards. Home design offers a first floor primary BR, closet and bathroom, laundry room, kitchen, dining room, living room, and 1/2 bath. This home is perfect for age in place! Second floor design offers 2 additional BR's, an office/study or 4th BR, full bath and both an extra storage room and a sep. utility room. Design also includes a front porch and carport. Great location in an area of many multi-million dollar homes! Close to Niles Beach, Rocky Neck art galleries, shops, restaurants, boat marinas, Gloucester Stage Co. theater, Bass Rocks and Eastern Point! All utilities on site include city sewer, city water, natural gas, electricity and cable
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 MLS and other third-party data may be inaccurate or out of date.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
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Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Golf • Medical Facility
Geography
Property History
$459,000
Was $525,000
Sep 11, 2026
MLS® 73501679
$459,000
Aug 12, 2026
MLS® 73562301
$525,000
Was $599,000
Jun 15, 2026
MLS® 73501679
$599,000
Apr 15, 2026
MLS® 73501679
Listing Agent: Lane Team
Listing Office: North Shore's Gold Coast Realty
MLS® Number: 73501679