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84 Centennial Avenue
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 |
|---|---|---|---|
| Feb 26, 2026 | Sold | ||
| Sold | |||
| Jan 25, 2026 | In contract | - | |
| In contract | |||
| Jan 18, 2026 | In contract | - | |
| In contract | |||
| Jan 16, 2026 | Listed by Gibson Sotheby's International Realty | $499,000 | |
| Listed by Gibson Sotheby's International Realty | |||
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Located near Stacy Boulevard, Stage Fort Park, and Half Moon Beach, 84 Centennial Avenue is a well-maintained 2-bedroom, 1.5-bath home offering flexible living space in a peaceful coastal setting. The main level features an inviting layout with great natural light, while the finished walk-out lower level provides bonus space-ideal for a guest room, home office, or additional living area-with direct access to a private deck and mature gardens. A fully fenced yard offers a quiet outdoor retreat, perfect for dining or relaxing. Recent improvements include updated systems (see improvement list) and central air conditioning, ensuring year-round comfort. The property’s location provides convenient access to Gloucester’s amenities, including restaurants, shops, MBTA service, and the harbor. In addition to year-round use, the home also presents a potential seasonal rental opportunity, given its proximity to local beaches.
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| Mar 28, 2008 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017