$380,000
●
Multifamily -
Off Market
4 Myrtle Sq
Gloucester, MA 01930
4 Beds
2 Baths
2,178 Ft²
$570,973
RealtyHop Estimate
52.26%
Since Jun 1, 2018
National-US
Primary Model
About This Property
Turn-key, well maintained two-family with three floors of living in
great location near train, downtown, harbor and shopping.
First open house Saturday 4/7/18 from 12-2. Sunday open 1-3.
All offers presented by 5:00 PM Sunday. First floor apartment has 3
rooms, 1 bedroom and 1 full bath. The 2nd floor apartment
which served as the owner's unit is a townhouse style unit with
living room with wood floors, dining room and large updated
eat-in-kitchen and full bath on the 1st level, and 3 plus bedrooms
on the 2nd level. Updated systems, replacement windows,
separate utilities, full basement with laundry area for both units,
driveway with tandem parking for 3-4 cars or expand parking to
level fenced backyard. Great opportunity for the investor or
first-time home buyer, have the rent help pay the mortgage.
Unit Size
2,178 Ft²
Days on Market
-
Land Size
0.05 acres
Price per sqft
$172
Property Type
Multifamily
Property Taxes
$264
HOA Dues
-
Year Built
1891
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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: 4 years ago (MLSPIN #72301211)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 22, 2018 | Sold | ||
| Sold | |||
| Apr 2, 2018 | Listed by Keller Williams Realty Evolution | $375,000 | |
| Listed by Keller Williams Realty Evolution | |||
Property Highlights
Parking Available
Parking Details
Parking Features: Off Street, Unpaved
Interior Details
Full Bathrooms: 2
Interior Features: Unit 1(Bathroom With Tub & Shower), Unit 2(Ceiling Fans, Walk-In Closet, Bathroom With Tub & Shower), Unit 1 Rooms(Living Room, Kitchen), Unit 2 Rooms(Living Room, Dining Room, Kitchen)
Appliances: Unit 1(Range, Dishwasher, Refrigerator), Unit 2(Range, Dishwasher, Microwave, Refrigerator), Gas Water Heater, Tank Water Heater, Utility Connections for Electric Range, Utility Connections for Electric Dryer
Flooring Type: Wood, Tile, Carpet, Unit 2(Tile Floor, Wood Flooring, Wall to Wall Carpet)
Laundry Features: Washer Hookup
Rooms: 10
Basement: Full, Interior Entry, Bulkhead, Unfinished
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
Construction Materials: Frame
Lead Paint: Unknown
Lot Features: Level
Lot Size Area: 0.05
Lot Size Units: Acres
Lot Size Acres: 0.05
Zoning: R3
Parcel Number: M:0024 B:0034 L:0000, 1894671
Water Source: Public
Financial Details
Tax Map Number: 24
Tax Assessed Value: $244,900
Tax Annual Amount: $3,167
Utilities Details
Utilities: for Electric Range, for Electric Dryer, Washer Hookup
Heating Type: Unit 1(Hot Water Baseboard, Gas), Unit 2(Hot Water Baseboard, Gas)
Sewer : Public Sewer
Location Details
Community Features: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Laundromat, Conservation Area, Highway Access, House of Worship, Marina, Private School, Public School, T-Station, Sidewalks
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 |
|---|---|---|---|---|---|---|---|
|
05/29/2025
| |
4 Bed
|
2 Bath
|
1770 ft²
|
$649,000
4 Bed
2 Bath
1770 ft²
|
$660,000
+1.69%
06/26/2025
|
Fred Ginches
Assurance Real Estate, LLC
|
|
04/02/2018
| |
4 Bed
|
2 Bath
|
2178 ft²
|
$375,000
4 Bed
2 Bath
2178 ft²
|
$380,000
+1.33%
05/22/2018
|
Patricia Gallagher Martin
The Martin Group, Inc.
|
|
10/28/2002
| |
4 Bed
|
-
|
1516 ft²
|
$299,900
4 Bed
-
1516 ft²
|
$290,000
-3.30%
01/06/2003
|
Kathy Brogan
Keller Williams Realty Evolution
|
|
09/30/1994
| |
6 Bed
|
-
|
2044 ft²
|
$75,000
6 Bed
-
2044 ft²
|
$67,000
-10.67%
03/24/1995
|
Patricia Marcotte
RE/MAX Advantage Real Estate
|
Building Info
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