
12 Andrews Street Gloucester — Photo 1 of 42
Recent Drop: $275,000
$1,375,000
Investment Analysis — 12 Andrews Street
Gloucester, MA 01930 — Lanesville
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 5-bedroom in 01930 carries an estimated $3,390/mo in gross rent — about a 1.50% cap rate and $20,620/yr in estimated NOI at the $1,375,000 list price. Adjust every assumption in the calculator below.
Beds
5
Baths
5
SqFt
3,578
Style
Single Family
Built
1900
Treasure at Lane's Cove. A rare opportunity to live in the heart of Lanesville with water views & access to Lanes Cove a protective inlet leading out to Ipswich Bay & beyond. Launch your kayak, paddle board or small boat away from the busy summer crowds. This modern & updated home offers 5 bedrooms, 5 bathrooms and a profitable Air BNB in the lower level with a separate entrance. The main kitchen boasts an oversized granite chef's island, Viking Stove, a refinished maple floor & oversized Anderson windows overlooking the water & sunsets that will make your heart skip a beat. Entertain guests in the formal living room featuring a handsome Brazilian wood floor, wet bar, refrigerator & granite counters. The outdoors come alive inside with easy access to wrap around decks and balconies. The heft and quality of the new Anderson sliders and windows is noticed upon each turn or pull of the door handle. Many unique features unlike any other; port hole windows, tiled entry foyer, paid in full solar panels with a profitable return, an oversized garden shed to store your lawn mower, boating equipment, snow blowers. Lovely & established perennial beds offering sequential blooming & flowering shrubs, just mulch and enjoy. Entertain guests on the 15'X30' deck just sanded and stained bringing out the deep rich tones of mahogany wood. Enjoy morning coffee or a weekend BBQ overlooking the water while watching boats, swimmers and the occasional herd of whales coasting through. Stunning ocean views from most rooms! Discover Plum Cove Beach around the corner with crystal clear & calm waters many family's enjoy. Explore miles of woodland trails, bike paths and quintessential Dog town steeped in history and lore. Downtown Lanesville offers all the goods you need in case you forgot something from in town, Grab a yummy lunch to go from The Cove Cafe or pick out a fine wine and a steak at Lanesville Liquor and mail out that package at the Post Office next door. Lanesville: So unique you will never want to leave.
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 3,578 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 • Disposal • Microwave • Refrigerator • Freezer • Washer • Dryer • Range Hood
Neighborhood
Public Transportation • Park • Walk/Jog Trails • Golf • Medical Facility • House of Worship
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First28 x 21
Flooring - Hardwood, Recessed Lighting
Dining Room
Lvl First15 x 17
Flooring - Hardwood, Window(s) - Picture, Balcony - Exterior, Open Floorplan, Recessed Lighting, Slider
Kitchen
Lvl First24 x 11
Wood / Coal / Pellet Stove, Flooring - Hardwood, Deck - Exterior, Recessed Lighting, Gas Stove
Office
Lvl Second9 x 11
Flooring - Hardwood
Primary Bedroom
Lvl Second15 x 13
Bathroom - Full, Flooring - Hardwood, Window(s) - Picture, Recessed Lighting, Closet - Double
Bedroom 2
Lvl Second15 x 13
Bedroom 3
Lvl Second9 x 14
Skylight, Flooring - Hardwood, Balcony - Exterior, Recessed Lighting, Closet - Double
Bedroom 4
Lvl Third28 x 12
Bathroom - Full, Skylight, Closet, Flooring - Wall to Wall Carpet, Recessed Lighting
Bedroom 5
Lvl Basement23 x 14
Bathroom - Full, Closet, Flooring - Stone/Ceramic Tile
Bathroom 1
Lvl Second10 x 6
Bathroom - Full, Flooring - Stone/Ceramic Tile, Jacuzzi / Whirlpool Soaking Tub, Recessed Lighting
Bathroom 2
Lvl Second5 x 4
Bathroom - Full, Flooring - Stone/Ceramic Tile, Jacuzzi / Whirlpool Soaking Tub, Recessed Lighting
Bathroom 3
Lvl Second5 x 9
Bathroom - Full, Flooring - Stone/Ceramic Tile, Recessed Lighting
Property History
$1,375,000
Was $1,399,000
Aug 28, 2026
MLS® 73503932
$1,399,000
Was $1,425,000
Aug 10, 2026
MLS® 73503932
$1,425,000
Was $1,499,000
Jul 24, 2026
MLS® 73503932
$1,499,000
Was $1,599,000
Jun 27, 2026
MLS® 73503932
$1,599,000
Was $1,650,000
May 14, 2026
MLS® 73503932
$1,650,000
Apr 19, 2026
MLS® 73503932
Listing Agent: Mary Matthews
Listing Office: Coldwell Banker Realty - Manchester
MLS® Number: 73503932

