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$430,000
● Multifamily - Off Market

24 Highland

Gloucester, MA
bedrooms
5 Beds
bathrooms
2 Baths
square feet
2,100 Ft²
$782,944
RealtyHop Estimate
70.58%
Since Apr 1, 2007
National-US
Primary Model

About This Property

RARE E. Gloucester find. Delighful move in Victorian two family on corner lot, some peeks of Gloucester Harbor; just steps to E. Gloucester elementary school and short drive to beaches, golf course, Back Shore and Rocky Neck Art Colony. First floor unit is vacant.  Detached 2 bay garage used as workshop plus wonderful, little granite court yard
Unit Size
2,100 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$219
Property Type
Multifamily
Property Taxes
$258
HOA Dues
-
Year Built
-

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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.

Last updated: 4 years ago (MLSPIN #70449124)

Price History

Date / Event Date Event Price
Mar 30, 2007 Sold
Premium
Sold
Aug 31, 2006 Listed by Coldwell Banker Realty - Gloucester $459,000
Listed by Coldwell Banker Realty - Gloucester

Property Highlights

Parking Available
Parking Details
Has Garage
Parking Features: Off Street
Garage Spaces: 2
Interior Details
Full Bathrooms: 2
Interior Features: Unit 1(Pantry), Unit 2(Pantry, Storage), Unit 1 Rooms(Living Room, Dining Room, Kitchen), Unit 2 Rooms(Living Room, Dining Room, Kitchen)
Appliances: Unit 1(Range, Refrigerator), Unit 2(Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer), Electric Water Heater, Tank Water Heater, Utility Connections for Gas Range, Utility Connections for Gas Oven
Flooring Type: Wood, Vinyl, Carpet
Laundry Features: Washer Hookup, Unit 2 Laundry Room
Rooms: 10
Basement: Full, Crawl Space, Interior Entry, Bulkhead, Sump Pump
Exterior Details
Road Responsibility: Public Maintained Road
Year Built Source: Public Records
Year Built Details: Approximate
PropertySubType: Multi Family
Stories (Total): 3
Building Area Units: Square Feet
Window Features: Insulated Windows, Storm Window(s), Screens
Construction Materials: Frame
Patio and Porch Features: Enclosed, Patio
Lead Paint: Unknown
Lot Features: Corner Lot
Lot Size Area: 0.12
Lot Size Units: Acres
Lot Size Acres: 0.12
Zoning: R-3
Parcel Number: 1897111
Water Source: Public, City/Town Water
Financial Details
Tax Map Number: 64
Tax Assessed Value: $357,300
Tax Annual Amount: $3,101
Utilities Details
Utilities: for Gas Range, for Gas Oven, Washer Hookup
Cooling Type: Unit 2(Window AC, 2 Units, Individual)
Heating Type: Unit 1(Central Heat, Hot Water Radiators, Gas, Individual), Unit 2(Central Heat, Hot Water Radiators, Gas, Individual)
Sewer : Public Sewer, City/Town Sewer
Location Details
Community Features: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Laundromat, Sidewalks

Comparables

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

Past Sales

Date Unit Beds Baths Sqft Price Closed Listed By

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Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 70449124
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