39
Map
118 Prospect St
About This Property
Listed By
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 15, 2026 | Listed by William Raveis R.E. & Home Services | $1,200,000 | |
| Listed by William Raveis R.E. & Home Services | |||
| Feb 11, 2026 | Sold | ||
| Sold | |||
| Jan 22, 2026 | In contract | - | |
| In contract | |||
| Jan 15, 2026 | Listed by North Shore's Gold Coast Realty | $629,000 | |
| Listed by North Shore's Gold Coast Realty | |||
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Nestled at 118 Prospect St, Gloucester, MA, this 2 family residence presents a unique opportunity to own a piece of history in a vibrant community, offering a canvas ready for your vision. Within this residence, discover 4 bedrooms thoughtfully positioned to create private retreats, offering a haven for rest and rejuvenation. The home includes 2 full Baths which offer essential fixtures. With 2106 square feet of living area spread across 2 stories, this property offers ample space to shape the layout of your dreams either as 2 fam. or large single family, while the 5660 square feet lot provides a setting for outdoor enjoyment. Constructed in 1894, this home carries with it a rich heritage, poised to blend timeless charm with modern aspirations. This Gloucester residence is a promising venture, ready for its transformation into a cherished home. 2 car paved off street parking. Newer gas heating and hot water systems. Waterview Cupola room! Close to all downtown Gloucester has to offer!
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| Aug 28, 2014 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017