$640,000
●
Multifamily -
Off Market
21 Eastern Avenue
Gloucester, MA 01930
4 Beds
2 Baths
2,144 Ft²
$629,900
RealtyHop Estimate
0.00%
Since Dec 1, 2023
National-US
Primary Model
About This Property
Centrally located 2-family with detached 2-car garage close to
Gloucester's historic downtown, beaches and Rt. 128! This property
is an excellent opportunity for both investors and owner occupants,
with a 4-room 2-bedroom unit on the first floor which is
currently rented for $1,924/month, and a 5-room 2-bedroom
townhouse-style unit on the 2nd and 3rd floors which is currently
owner-occupied and has been freshly painted. Each unit has its own
heat and electric, and each has its own deck. Recent updates
include new roof and vinyl replacement windows throughout in 2009,
new 8-foot sliding glass door in 2009, new decks (2009-2010), 2 gas
heating systems in 2010, new vinyl and Pergo flooring in 2021 and
new hot water tank in 2022. Perfect location for commuters!
Unit Size
2,144 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$294
Property Type
Multifamily
Property Taxes
$413
HOA Dues
-
Year Built
1812
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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: 6 months ago (MLSPIN #73144600)
Price History
Property Highlights
Parking Available
Fireplace
Parking Details
Has Garage
Has Open Parking
Parking Features: Off Street, Tandem, Paved, Paved Drive
Garage Spaces: 2
Interior Details
Full Bathrooms: 2
Interior Features: Ceiling Fan(s), High Speed Internet, Walk-In Closet(s), Open Floorplan, Smart Thermostat, Mudroom, Bathroom With Tub & Shower, Internet Available - Broadband, Cathedral/Vaulted Ceilings, Upgraded Countertops, Remodeled, Slider, Living Room, Kitchen, Dining Room
Appliances: Range, Refrigerator, Dishwasher, Disposal, Washer, Dryer, Range Hood
Flooring Type: Wood, Vinyl, Varies, Hardwood, Tile, Pine
Door Features: Insulated Doors
Laundry Features: Gas Dryer Hookup, Electric Dryer Hookup, Washer Hookup, Washer & Dryer Hookup
Rooms: 9
Has Fireplace
Fireplace Features: Wood Burning
Fireplaces: 1
Basement: Full, Interior Entry, Dirt Floor, Concrete, Unfinished
Exterior Details
Square Footage: 2144
Security Features: Security System
Year Built Source: Public Records
Year Built: 1812
Waterfront Features: Harbor, Ocean, 1 to 2 Mile To Beach, Beach Ownership(Public)
Building Area Total: 2144
Levels: 3
Building Area Units: Square Feet
Window Features: Insulated Windows, Screens
Construction Materials: Frame, Post & Beam
Patio and Porch Features: Porch, Covered, Deck - Wood
Lot Features: Cleared, Sloped
Lot Size Area: 0.14
Lot Size Units: Acres
Lot Size Acres: 0.14
Lot Size Square Feet: 6000
Tax Lot: 12
Water Source: Public
Financial Details
Tax Map Number: 50
Tax Assessed Value: $467,600
Tax Annual Amount: $4,952
Utilities Details
Cooling Type: None
Heating Type: None, Central, Baseboard, Natural Gas, Individual, Unit Control
Sewer : Public Sewer
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
08/11/2023
| |
4 Bed
|
2 Bath
|
2144 ft²
|
$629,900
4 Bed
2 Bath
2144 ft²
|
$640,000
+1.60%
11/09/2023
|
Mark T. Vadala
Vadala Real Estate
|
|
09/04/2008
| |
3 Bed
|
2 Bath
|
2098 ft²
|
$219,900
3 Bed
2 Bath
2098 ft²
|
$205,000
-6.78%
11/10/2008
|
Mark T. Vadala
|
Building Info
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017