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111 Bass Ave Gloucester — Photo 1 of 32

111 Bass Ave Gloucester — Photo 1 of 32

$1,300,000

Investment Analysis — 111 Bass Ave

Gloucester, MA 01930 — East Gloucester

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 01930 carries an estimated $3,390/mo in gross rent — about a 1.61% cap rate and $20,868/yr in estimated NOI at the $1,300,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

4

Baths

3

SqFt

2,058

Style

Single Family

Built

1900

GOOD HARBOR BEACH - is located just a few minute's walk from this lovely, quintessential New England style home! A welcoming covered front porch offers a lovely space to sit and relax at any time of the day. Inside the home offers an inviting open-flow between the living and dining rooms highlighted by beautiful bay windows that fill the space with natural light. The updated kitchen boasts granite countertops and stainless steel appliances offering both style and functionality. The spacious family room is a favorite space located off the kitchen and is designed for relaxed and/or fun gatherings with it's vaulted ceilings, wet bar and French doors leading to a year- round, light filled sunroom which overlooks the back yard. The first floor primary bedroom is a wonderful retreat featuring a charming window seat, walk-in closet and private primary bathroom. A convenient half bath with laundry completes the first floor. The 2nd floor offers 3 additional bedrooms and another full bath. Step outside to enjoy the enclosed back yard, beautifully enhanced by perennial gardens, mature plantings and brick walkways and driveway. There is also a one-car garage, garden sheds for storage and ample parking. With its sought-after Good Harbor Beach location and its timeless charm, thoughtful updates, and versatile living spaces, this special property is one you won’t want to miss!

ADU Potential

Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 900 sq ft (the lesser of 900 sq ft or half the 2,058 sq ft principal dwelling). Lot size: 7,350 sq ft.

Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.

Open Houses

Property Details

Financials

Original Price$1,300,000
Annual Taxes$10,049

Parking

Garage1
Off-Street5

Interior Specifications

Total Rooms8
Fireplaces1
FlooringWood, Tile, Carpet, Flooring - Stone/Ceramic Tile
BasementFull, Interior Entry, Garage Access, Concrete, Unfinished

Climate & Utilities

HeatingBaseboard, Natural Gas
CoolingCentral Air, Wall Unit(s)
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle, Rubber
FoundationStone
ZoningR-10

Property & Lot

Acres0.17
SqFt Lot7,350
Lot FeaturesGentle Sloping

Amenities & Appliances

Water Heater • Range • Dishwasher • Refrigerator • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Golf • Medical Facility • Conservation Area • Highway Access

Geography

Floorplan Breakdown

Structural Layout

Second
Bedroom 2Bedroom 3Bedroom 4Bathroom 3
First
Living RoomDining RoomKitchenFamily RoomPrimary BedroomBathroom 1Bathroom 2
Living Room
Lvl First

Flooring - Wall to Wall Carpet, Window(s) - Bay/Bow/Box, Open Floorplan

Dining Room
Lvl First

Flooring - Wood, Window(s) - Bay/Bow/Box, Open Floorplan

Kitchen
Lvl First

Countertops - Stone/Granite/Solid, Open Floorplan

Family Room
Lvl First

Vaulted Ceiling(s), Flooring - Hardwood, Flooring - Wood, French Doors, Wet Bar, Open Floorplan

Primary Bedroom
Lvl First

Flooring - Wall to Wall Carpet, Window(s) - Bay/Bow/Box, Window Seat

Bedroom 2
Lvl Second
Bedroom 3
Lvl Second

Flooring - Laminate

Bedroom 4
Lvl Second

Flooring - Wall to Wall Carpet

Bathroom 1
Lvl First

Bathroom - Full, Flooring - Stone/Ceramic Tile

Bathroom 2
Lvl First

Bathroom - Half

Bathroom 3
Lvl Second

Bathroom - Full

Listing Provided By

Listing Agent: Nancy Goodick

Listing Office: Gibson Sotheby's International Realty

MLS® Number: 73579245