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Gloucester 01930
56 Washington Street
Photo of 56 Washington Street
Sold on Oct 6, 2025

29

Map

Photo of 56 Washington Street
Photo of 56 Washington Street
$525,000
● House - Off Market

56 Washington Street

Gloucester, MA 01930
bedrooms
3 Beds
bathrooms
1 Bath
square feet
780 Ft²
$2,443
Est. Monthly
8.67%
Cap Rate

About This Property

Nestled in the heart of downtown Gloucester this charming small antique home seamlessly blends its historic character and modern convenience. Featuring a spacious 2 car garage, the property boasts a sizable area above, perfect for storage or potential conversion. Off street parking ensures ease of access, while the enchanting garden and inviting patio area provide a serene outdoor retreat. A covered porch enhances the outdoor living experience. This home is a unique gem offering both charm and practicality.
Unit Size
780 Ft²
Days on Market
-
Land Size
0.07 acres
Price per sqft
$558
Property Type
House
Property Taxes
$307
HOA Dues
-
Year Built
1900

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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: 12 months ago (MLSPIN #73422976)

Price History

Date / Event Date Event Price
Oct 6, 2025 Sold
Premium
Sold
Sep 3, 2025 In contract -
In contract
Aug 28, 2025 Listed by Churchill Properties $435,000
Listed by Churchill Properties
Mar 16, 2000 Sold
Premium
Sold
Dec 3, 1999 Listed by Churchill Properties $169,900
Listed by Churchill Properties
Show More

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 15
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 240
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,180
  • Total Building Area: 780
  • Gross Building Area: 1,357
  • Building Area: 780
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 780
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: NORWOOD AVE
  • Land Acres: 0000000073
  • 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: 221700

Zoning

  • Zoning: NB

Geography

  • Parcel: GLOU M:0016 B:0013 L:0000
  • Block: 13
  • Municipality: GLOUCESTER
  • Latitude: 42.6138
  • Longitude: -70.6683

    Address

  • Full Address: 56 Washington St
  • Address - House Number: 56
  • Address - Street Name: Washington
  • Address - Suffix Type: St
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C032
  • 4-Digit Zip Code: 3507
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $368,200

    Appraisal Valuation

  • Standard Deviation: 0.1875
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 62
  • Final Value: 392,760
  • High Value: 466,423
  • Low Value: 319,096

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $378,400
  • Assessed Land Value: $118,700
  • Assessed Improvements Value: $259,700

    Sales

  • Current Sale Recording Date: Mar 16, 2000
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Aug 04, 1999
  • Previous Sale Amount: $150,000
  • Previous Sale Document Type: 27
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:

$699,900

Sale Price/ft²

$443

Below Asking

0.02%

Average Days on Market

56

Average Home Size

1919 ft²

Average Home Age

80.1 years

Currently For Sale

90 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: 12 months ago
Data Source: MLS PIN, MLS# 73422976

Frequently Asked Questions

When was property at 56 Washington Street built and last sold?
The property at 56 Washington Street was built in 1900 and last sold on Jan 1, 1970 for $160,000.
How much is this home worth?
The estimated value of the home located at 56 Washington Street is $0.
What are some comparable homes to 56 Washington Street?
There are currently no comparable homes to 56 Washington Street.
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