Active
32 Days on market
5 Grapevine Rd Gloucester — Photo 1 of 17

5 Grapevine Rd Gloucester — Photo 1 of 17

Recent Drop: $66,000

$525,000
$459,000

$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 1-bedroom in 01930 carries an estimated $2,160/mo in gross rent — about a 3.36% cap rate and $15,443/yr in estimated NOI at the $459,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

1

Baths

1

SqFt

607

Style

Single Family

Built

1925

Cozy rustic 1 BR 1 BA year round Cottage in need of some updating but in prime East Gloucester neighborhood! 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, Good Harbor Beach and Eastern Point! Owners have obtained approvals from Gloucester Zoning Board and Conservation Commission for your construction of an approximately 2968 Sq. Ft. 3-4 BR, 2.5 BA Craftsman style single family home featuring 1st floor primary BR and bath designed for age in place living! All utilities on site include city water, city sewer, natural gas, electric and cable. Renovate and expand existing cottage or build new depending on your needs!

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: 304 sq ft (the lesser of 900 sq ft or half the 607 sq ft principal dwelling). Lot size: 5,245 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

Original Price$525,000
Annual Taxes$4,255.6

Parking

Garage0
Off-Street1

Interior Specifications

Total Rooms4
Fireplaces1
FlooringWood, Vinyl, Flooring - Vinyl
BasementNone

Climate & Utilities

HeatingBaseboard, Natural Gas
CoolingNone
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofAsphalt/Composition Shingles
FoundationStone
ZoningR10

Property & Lot

Acres0.12
SqFt Lot5,245
Lot FeaturesGentle Sloping, Level

Amenities & Appliances

Gas Water Heater • Water Heater • Refrigerator

Neighborhood

Public Transportation • Shopping • Park • Walk/Jog Trails • Golf • Medical Facility

Geography

Floorplan Breakdown

Structural Layout

First
Living RoomKitchenPrimary BedroomBathroom 1
Living Room
Lvl First

13 x 15

Closet, Flooring - Wood, Exterior Access

Kitchen
Lvl First

7 x 14

Flooring - Wood

Primary Bedroom
Lvl First

9.5 x 9.5

Flooring - Vinyl, Closet - Double

Bathroom 1
Lvl First

6.416666666 x 5.75

Bathroom - With Shower Stall, Flooring - Vinyl

Property History

Price Drop
$459,000

Was $525,000

Sep 11, 2026

MLS® 73562301

Listed
$525,000

Aug 12, 2026

MLS® 73562301

Listed
$459,000

Apr 15, 2026

MLS® 73501679

Listing Provided By

Listing Agent: Lane Team

Listing Office: North Shore's Gold Coast Realty

MLS® Number: 73562301