Active
154 Days on market
12 Andrews Street Gloucester — Photo 1 of 42

12 Andrews Street Gloucester — Photo 1 of 42

Recent Drop: $275,000

$1,650,000
$1,375,000

$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.

View Standard Listing

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

Original Price$1,650,000
Annual Taxes$10,297

Parking

Garage0
Off-Street4

Interior Specifications

Total Rooms9
FireplacesNone
FlooringTile, Carpet, Hardwood, Flooring - Hardwood, Flooring - Stone/Ceramic Tile
BasementFull, Finished, Walk-Out Access, Interior Entry, Sump Pump, Concrete

Climate & Utilities

HeatingBaseboard, Electric Baseboard, Propane, Pellet Stove, Leased Propane Tank
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle, Rubber
FoundationStone, Granite
ZoningR20

Property & Lot

Acres0.17
SqFt Lot7,350
Lot Features--

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

Third
Bedroom 4
Second
OfficePrimary BedroomBedroom 2Bedroom 3Bathroom 1Bathroom 2Bathroom 3
First
Living RoomDining RoomKitchen
Basement
Bedroom 5
Living Room
Lvl First

28 x 21

Flooring - Hardwood, Recessed Lighting

Dining Room
Lvl First

15 x 17

Flooring - Hardwood, Window(s) - Picture, Balcony - Exterior, Open Floorplan, Recessed Lighting, Slider

Kitchen
Lvl First

24 x 11

Wood / Coal / Pellet Stove, Flooring - Hardwood, Deck - Exterior, Recessed Lighting, Gas Stove

Office
Lvl Second

9 x 11

Flooring - Hardwood

Primary Bedroom
Lvl Second

15 x 13

Bathroom - Full, Flooring - Hardwood, Window(s) - Picture, Recessed Lighting, Closet - Double

Bedroom 2
Lvl Second

15 x 13

Bedroom 3
Lvl Second

9 x 14

Skylight, Flooring - Hardwood, Balcony - Exterior, Recessed Lighting, Closet - Double

Bedroom 4
Lvl Third

28 x 12

Bathroom - Full, Skylight, Closet, Flooring - Wall to Wall Carpet, Recessed Lighting

Bedroom 5
Lvl Basement

23 x 14

Bathroom - Full, Closet, Flooring - Stone/Ceramic Tile

Bathroom 1
Lvl Second

10 x 6

Bathroom - Full, Flooring - Stone/Ceramic Tile, Jacuzzi / Whirlpool Soaking Tub, Recessed Lighting

Bathroom 2
Lvl Second

5 x 4

Bathroom - Full, Flooring - Stone/Ceramic Tile, Jacuzzi / Whirlpool Soaking Tub, Recessed Lighting

Bathroom 3
Lvl Second

5 x 9

Bathroom - Full, Flooring - Stone/Ceramic Tile, Recessed Lighting

Property History

Price Drop
$1,375,000

Was $1,399,000

Aug 28, 2026

MLS® 73503932

Price Drop
$1,399,000

Was $1,425,000

Aug 10, 2026

MLS® 73503932

Price Drop
$1,425,000

Was $1,499,000

Jul 24, 2026

MLS® 73503932

Price Drop
$1,499,000

Was $1,599,000

Jun 27, 2026

MLS® 73503932

Price Drop
$1,599,000

Was $1,650,000

May 14, 2026

MLS® 73503932

Listed
$1,650,000

Apr 19, 2026

MLS® 73503932

Listing Provided By

Listing Agent: Mary Matthews

Listing Office: Coldwell Banker Realty - Manchester

MLS® Number: 73503932