6 Mt Locust Pl #2
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 |
|---|---|---|---|
| May 29, 2026 | Listed by Engel & Volkers By the Sea | $489,000 | |
| Listed by Engel & Volkers By the Sea | |||
| |||
|
Just moments from beloved Plum Cove Beach, where spectacular sunsets and coastal beauty become part of everyday life, this newly renovated ground level condominium offers a turnkey opportunity in one of Gloucester's most sought-after seaside settings. Fresh, clean, and thoughtfully updated, the home features stone countertops, a dedicated office nook, and a new washer/dryer combo for modern convenience. An efficient layout maximizes every square foot, while a detached workshop/studio provides endless possibilities for artists, hobbyists, fitness enthusiasts, or storage for kayaks, paddleboards and beach gear. A private outdoor area, located a short distance from the unit, offers valuable additional space for gardening, boat storage or outdoor recreation. Whether you’re seeking a year-round residence, weekend retreat, or summer getaway, this low-maintenance property delivers exceptional access to the beach and all that Cape Ann has to offer.
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| Dec 2, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
| Oct 2, 2025 | Relisted | $499,000 | |
| Relisted | |||
| Oct 2, 2025 | No longer available | - | |
| No longer available | |||
| Aug 27, 2025 | Price Decreased |
$499,000
↓ $50K
(9.1%) | |
| Price Decreased | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
07/24/2025
|
2 Bed
|
1 Bath
|
740 ft²
|
$650,000
2 Bed
1 Bath
740 ft²
|
-
-
|
Debra Lovelace
Churchill Properties
| |
|
04/28/2009
| |
5 Bed
|
2 Bath
|
2895 ft²
|
$499,000
5 Bed
2 Bath
2895 ft²
|
$440,000
-11.82%
12/31/2009
|
Maureen Alvarado
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017