
59 Holly St Gloucester — Photo 1 of 36
$718,000
Investment Analysis — 59 Holly St
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 3.16% cap rate and $22,715/yr in estimated NOI at the $718,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2
SqFt
1,722
Style
Single Family
Built
1961
Set on nearly an acre surrounded by nature, this home offers a sense of serenity that's increasingly hard to find, yet you're still close to all of the best of Gloucester. Offering 1722 square feet of comfortable single-level living, this 3-bedroom, 2-bath home combines privacy and flexibility. Step inside to freshly painted interiors and beautifully refinished hardwood floors that bring warmth and character throughout the home. Both full bathrooms are refreshed with a modern touch, while versatile bonus rooms offer the perfect space for a home office, nursery, den or personal gym space. The generously sized primary bedroom is it's own private retreat, featuring large closets, new luxury vinyl plank flooring and a slider leading directly to a covered porch—a peaceful spot to enjoy your morning coffee, unwind with a book or simply take in the natural surroundings. The large eat-in kitchen offers plenty of potential for a future owner to make it their own. The home's comfortable layout and improvements already completed make it easy to settle in and update over time. The garage and connecting walk-out basement provide convenient parking and valuable additional storage. Enjoy nearby Plum Cove Beach, sunsets and the waterfront charm of Lane's Cove. Close to Goosecove Reservoir and Dogtown or decide to forge your own nature trails in your very own backyard. Whether you're looking for the ease of one-level living, room to work from home or simply a home you can personalize over time, this home offers a wonderful opportunity to put down roots in one of Gloucester's most beloved neighborhoods. Come discover the quieter side of town and why this is such a special place to live.
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: 861 sq ft (the lesser of 900 sq ft or half the 1,722 sq ft principal dwelling). Lot size: 41,150 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.
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Lvl FirstListing Agent: Nice To Be Home Group
Listing Office: RE/MAX Beacon
MLS® Number: 73565358