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Gloucester 01930
2 Norseman Avenue
Photo of 2 Norseman Avenue
Sold on Oct 23, 2025

29

Map

Photo of 2 Norseman Avenue
Photo of 2 Norseman Avenue
$644,500
● House - Off Market

2 Norseman Avenue

Gloucester, MA 01930
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,172 Ft²
$3,294
Est. Monthly
4.89%
Cap Rate

About This Property

THERE'S NO PLACE LIKE HOME! Cozy and comfortable this darling 2 bedroom plus ranch is a rewarding escape peacefully situated on a quiet street located close to town and Gloucester's beautiful beaches. Wake up in the morning and begin the day by sipping your coffee out on your private deck. The basement is finished with room for guests.  This home is move in ready and has been lovingly cared for by the same family for many years. The Seller is waiting for another group to make new memories in this wonderful one level living home.  Come see for yourself.  You will love it!
Unit Size
1,172 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$533
Property Type
House
Property Taxes
$225
HOA Dues
-
Year Built
1966

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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.

Last updated: 2 years ago (MLSPIN #73429661)

Price History

Date / Event Date Event Price
Oct 23, 2025 Sold
Premium
Sold
Sep 18, 2025 In contract -
In contract
Sep 11, 2025 Listed by Coldwell Banker Realty - Manchester $625,000
Listed by Coldwell Banker Realty - Manchester

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1966
  • Effective Year Built: 1966
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 980
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,297
  • Total Building Area: 1,172
  • Gross Building Area: 2,499
  • Building Area: 1,172
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 1
  • Heated Square Feet: 1,172
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000122
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Gloucester School District
  • School Tax School District: GLOUCESTER SD
  • Census Tract: 221100

Zoning

  • Zoning: R-20

Geography

  • Parcel: GLOU M:0144 B:0083 L:0000
  • Block: 83
  • Municipality: GLOUCESTER
  • Latitude: 42.6804
  • Longitude: -70.6528

    Address

  • Full Address: 2 Norseman Ave
  • Address - House Number: 2
  • Address - Street Name: Norseman
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C020
  • 4-Digit Zip Code: 1026
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $507,800

    Appraisal Valuation

  • Standard Deviation: 0.1254
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 86
  • Final Value: 584,590
  • High Value: 657,913
  • Low Value: 511,267

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $521,900
  • Assessed Land Value: $192,800
  • Assessed Improvements Value: $329,100
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Gloucester

Stats & Trends

Median Asking:

$699,000

Sale Price/ft²

$446

Below Asking

0.03%

Average Days on Market

56

Average Home Size

2077 ft²

Average Home Age

81.4 years

Currently For Sale

86 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 2 years ago
Data Source: MLS PIN, MLS# 73429661

Frequently Asked Questions

When was property at 2 Norseman Avenue built and last sold?
The property at 2 Norseman Avenue was built in 1966 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 2 Norseman Avenue is $0.
What are some comparable homes to 2 Norseman Avenue?
There are currently no comparable homes to 2 Norseman Avenue.
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