5 Wise Place
About This Property
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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 |
|---|---|---|---|
| Mar 25, 2026 | Sold | ||
| Sold | |||
| Feb 24, 2026 | In contract | - | |
| In contract | |||
| Feb 18, 2026 | Listed by Compass | $500,000 | |
| Listed by Compass | |||
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Welcome to 5 Wise Place, a beautifully situated home tucked away on a quiet street in one of Gloucester’s most desirable neighborhoods. This inviting property offers a thoughtful layout with light-filled living spaces designed for both everyday comfort and easy entertaining. Enjoy the convenience of nearby beaches, downtown Gloucester, the harbor, shops, and restaurants—while still savoring the peace and privacy of a residential setting. Whether you’re hosting gatherings, relaxing at home, or exploring everything Cape Ann has to offer, this property provides the perfect balance of coastal charm and practical living. A wonderful opportunity to own a home that truly captures the essence of Gloucester living.
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| Sep 30, 2020 | Sold | ||
| Sold | |||
| Aug 14, 2020 | Listed by Keller Williams Realty Evolution | $349,900 | |
| Listed by Keller Williams Realty Evolution | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017