$1,195,000
●
Condo -
Off Market
87 Atlantic Road #2
Gloucester, MA 01930
3 Beds
3 Baths
1,859 Ft²
$7,456
Est. Monthly
$742
HOA / Fees
1.79%
Cap Rate
About This Property
Stunning townhouse located on Gloucester's beautiful Back Shore
with unobstructed panoramic views of Bass Rocks, the Twin Lights
and the Atlantic Ocean. Living room with cathedral ceiling,
skylight, hardwood floors, dining area and wall of hurricane rated
sliders opening to balcony. Renovated kitchen with white cabinets,
quartz countertops and stainless steel appliances opens to dining
room with built-in hutch. First floor primary bedroom with wall of
glass sliders opening to covered deck and full bath with large
walk-in tiled shower, built-in cabinet and granite counter. Second
bedroom with full bath on the third floor. Third bedroom with bath
in finished lower level. One car garage, two parking spots, back
deck, central air, hurricane shutters. Many updates including new
roof in 2024 with 50 yr warranty and replacement of one zone's heat
and AC unit in 2025. Minutes from Good Harbor Beach and Bass Rocks
Golf Club. Move right in and enjoy gorgeous sunrises and relaxed
coastal living!
Unit Size
1,859 Ft²
Days on Market
-
Land Size
-
Price per sqft
$643
Property Type
Condo
Property Taxes
$846
HOA Dues
$742
Year Built
-
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Cap Rate Calculator
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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: 11 months ago (MLSPIN #73405251)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 24, 2026 | Sold | ||
| Sold | |||
| Feb 18, 2026 | In contract | - | |
| In contract | |||
| Jan 20, 2026 | Listed by Coldwell Banker Realty - Manchester | $1,175,000 | |
| Listed by Coldwell Banker Realty - Manchester | |||
   | |||
|
Located along Gloucester's famous Back Shore, 87 Atlantic Road welcomes the first rays of morning light from its front row seat. Unobstructed ocean views with Thatcher's Island, the Twin Lights and Bass Rocks for your viewing pleasure. The renovated kitchen features quartz counters, custom cabinetry, stainless steel appliances and island. The adjacent dining area has built-in hutch with decorative lighting. A generous living room has cathedral ceilings, skylight and dining area. Sliding glass doors lead out to the balcony. Upstairs finds bedroom with full tiled bath and golf course views. The first floor bedroom has sliders to covered oceanfront deck, full bath with walk-in shower. The finished lower level has bedroom and full bath. One car garage, two parking spots, Steps away from Good Harbor Beach, Bass Rocks Golf Club, Beach Club and Rocky Neck. Downtown Gloucester is moments away with prime shopping, dining, galleries and marinas, Route 128 and commuter rail to Boston.
| |||
| Nov 19, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
| Sep 22, 2025 | Price Decreased |
$1,195,000
↓ $30K
(2.5%) | |
| Price Decreased | |||
Show More
Property Highlights
Parking Available
Garage
Air Conditioning
Parking Details
Has Garage
Attached Garage
Has Open Parking
Parking Features: Garage Door Opener, Off Street, Assigned, Paved, Under
Garage Spaces: 1
Interior Details
Full Bathrooms: 3
Appliances: Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer
Flooring Type: Tile, Carpet, Hardwood
Door Features: Storm Door(s)
Laundry Features: In Unit, Electric Dryer Hookup, In Building
Rooms: 6
Basement: Y
Exterior Details
Has Property Attached
Square Footage: 1859
Year Built Source: Public Records
Year Built: 1984
Waterfront Features: Waterfront, Ocean, 1/2 to 1 Mile To Beach, Beach Ownership(Public)
Building Name: Bass Rocks Condominium
Building Area Total: 1859
Building Area Units: Square Feet
Window Features: Insulated Windows
Construction Materials: Frame
Patio and Porch Features: Deck, Covered
Lot Size Units: Acres
Water Source: Public
Financial Details
Tax Assessed Value: $1,044,000
Tax Annual Amount: $10,148
Utilities Details
Cooling Type: Central Air
Heating Type: Central, Forced Air, Heat Pump, Electric
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash
HOA Fee: $742
HOA Fee Frequency: Monthly
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 |
|---|---|---|---|---|---|---|---|
|
01/20/2026
|
3 Bed
|
3 Bath
|
1552 ft²
|
$1,175,000
3 Bed
3 Bath
1552 ft²
|
$1,150,000
-2.13%
03/24/2026
|
Scott Smith
Coldwell Banker Realty - Manchester
| |
|
07/16/2025
|
3 Bed
|
3 Bath
|
1859 ft²
|
$1,350,000
3 Bed
3 Bath
1859 ft²
|
-
-
|
Beth Buckingham
J. Barrett & Company
| |
|
04/17/2013
|
3 Bed
|
3 Bath
|
1900 ft²
|
$699,000
3 Bed
3 Bath
1900 ft²
|
$650,000
-7.01%
10/18/2013
|
Ginger Attaya
Advisors Living - Gloucester
| |
|
09/06/2012
|
3 Bed
|
3 Bath
|
1873 ft²
|
$650,000
3 Bed
3 Bath
1873 ft²
|
$605,000
-6.92%
09/12/2013
|
Julie Fariel
J. Barrett & Company
| |
|
04/28/2011
|
2 Bed
|
2 Bath
|
1866 ft²
|
$597,000
2 Bed
2 Bath
1866 ft²
|
$587,500
-1.59%
07/29/2011
|
Janet Breiter
Keller Williams Realty Evolution
| |
|
10/01/2010
|
2 Bed
|
2 Bath
|
1866 ft²
|
$635,000
2 Bed
2 Bath
1866 ft²
|
-
-
|
Charlene Delaney
Vadala Real Estate
| |
|
01/20/2009
|
3 Bed
|
3 Bath
|
1859 ft²
|
$665,000
3 Bed
3 Bath
1859 ft²
|
$645,000
-3.01%
08/06/2009
|
Mary Francis
Coldwell Banker Realty - Gloucester
| |
|
03/28/2006
|
3 Bed
|
3 Bath
|
1873 ft²
|
$739,000
3 Bed
3 Bath
1873 ft²
|
$734,000
-0.68%
07/13/2006
|
Ginger Attaya
Advisors Living - Gloucester
| |
|
03/05/2002
|
3 Bed
|
3 Bath
|
1900 ft²
|
$769,000
3 Bed
3 Bath
1900 ft²
|
$750,000
-2.47%
07/31/2002
|
Ginger Attaya
Advisors Living - Gloucester
| |
|
02/02/1999
|
3 Bed
|
3 Bath
|
2160 ft²
|
$359,000
3 Bed
3 Bath
2160 ft²
|
$355,000
-1.11%
05/28/1999
|
Joanne Repyak
Carlson GMAC Real Estate
| |
|
06/30/1995
|
3 Bed
|
3 Bath
|
1 ft²
|
$259,900
3 Bed
3 Bath
1 ft²
|
$245,000
-5.73%
03/31/1997
|
Fatima Heath
North Shore's Gold Coast Realty
|
Building Info
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