Active
99 Days on market
5 Pirates Lane #11 Gloucester — Photo 1 of 25

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.

View Standard Listing

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 MLS and other third-party data may be inaccurate or out of date.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

Original Price$858,000
Annual Taxes$7,818
HOA Fee$975

Parking

Garage0
Off-Street2

Interior Specifications

Total Rooms6
FireplacesNone
FlooringTile, Hardwood
BasementN

Climate & Utilities

HeatingElectric Baseboard
CoolingDuctless
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
Foundation--
ZoningMI

Property & Lot

Acres--
SqFt Lot--
Lot Features--

Amenities & Appliances

Range • Dishwasher • Disposal • Refrigerator • Washer/Dryer

Neighborhood

Public Transportation • Shopping

Geography

Floorplan Breakdown

Structural Layout

Second
Master BedroomBathroom 2
First
Living RoomDining RoomKitchenBedroom 2Bathroom 1
Living Room
Lvl First

17 x 14

Dining Room
Lvl First

11 x 10

Kitchen
Lvl First

11 x 16

Master Bedroom
Lvl Second

27 x 14

Bedroom 2
Lvl First

12 x 12

Bathroom 1
Lvl First

7 x 8

Bathroom 2
Lvl Second

8 x 8

Listing Provided By

Listing Agent: Barbara Dugan

Listing Office: Engel & Volkers By the Sea

MLS® Number: 73530937