
5 Pirates Lane #11 Gloucester — Photo 1 of 25
$858,000
Investment Analysis — 5 Pirates Lane #11
Gloucester, MA 01930 — East Gloucester
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 0.45% cap rate and $3,829/yr in estimated NOI at the $858,000 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
2
SqFt
1,436
Style
Condominium
Built
1890
Experience spectacular sunsets and panoramic harbor views from this sun-filled, west-facing townhome in the heart of historic East Gloucester. Ideally situated beside the North Shore Art Association and just a short stroll to Rocky Neck, this charming residence offers the perfect blend of coastal beauty and convenience The main level features an open-concept design with a spacious living area, a beautifully appointed kitchen with quartz countertops, a generous bedroom, full bath, and in-unit laundry. Upstairs, a bright and versatile retreat opens through sliding glass doors to a private deck where you can relax and take in the breathtaking water views. The upper level can serve as a luxurious primary suite with its own full bath or, by folding away the Murphy bed, transform into an expansive living or entertaining space. An unbeatable location in one of Cape Ann’s most authentic waterfront neighborhoods. Whether you're looking for a serene weekend escape or a year-round residence.
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 MLS and other third-party data may be inaccurate or out of date.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 • Refrigerator • Washer/Dryer
Neighborhood
Public Transportation • Shopping
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First17 x 14
Dining Room
Lvl First11 x 10
Kitchen
Lvl First11 x 16
Master Bedroom
Lvl Second27 x 14
Bedroom 2
Lvl First12 x 12
Bathroom 1
Lvl First7 x 8
Bathroom 2
Lvl Second8 x 8
Listing Agent: Barbara Dugan
Listing Office: Engel & Volkers By the Sea
MLS® Number: 73530937