
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.
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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
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
Living Room
Lvl FirstFlooring - Wall to Wall Carpet, Window(s) - Bay/Bow/Box, Open Floorplan
Dining Room
Lvl FirstFlooring - Wood, Window(s) - Bay/Bow/Box, Open Floorplan
Kitchen
Lvl FirstCountertops - Stone/Granite/Solid, Open Floorplan
Family Room
Lvl FirstVaulted Ceiling(s), Flooring - Hardwood, Flooring - Wood, French Doors, Wet Bar, Open Floorplan
Primary Bedroom
Lvl FirstFlooring - Wall to Wall Carpet, Window(s) - Bay/Bow/Box, Window Seat
Bedroom 2
Lvl SecondBedroom 3
Lvl SecondFlooring - Laminate
Bedroom 4
Lvl SecondFlooring - Wall to Wall Carpet
Bathroom 1
Lvl FirstBathroom - Full, Flooring - Stone/Ceramic Tile
Bathroom 2
Lvl FirstBathroom - Half
Bathroom 3
Lvl SecondBathroom - Full
Listing Agent: Nancy Goodick
Listing Office: Gibson Sotheby's International Realty
MLS® Number: 73579245

