18 Traverse Street Gloucester — Photo 1 of 41
Recent Drop: $100,000
$899,000
Investment Analysis — 18 Traverse Street
Gloucester, MA 01930 — East Gloucester
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 01930 carries an estimated $3,080/mo in gross rent — about a 2.47% cap rate and $22,171/yr in estimated NOI at the $899,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2
SqFt
1,430
Style
Single Family
Built
1955
East Gloucester beauty with an amazing new look and price! Enjoy one-level living in a highly desirable neighborhood, offering outstanding curb appeal on a gorgeous, beautifully manicured 14,000+ sq. ft. lot. The versatile floor plan includes a private au pair/in-law suite, ideal for extended family, guests or multi-generational living. The main house features 2 bedrooms and a full bath, plus a dining room that was formerly a 3rd bedroom and could easily be converted back. Enjoy outdoor entertaining and peaceful mornings on the expansive deck overlooking the lush green yard. Just around the corner from Bass Rocks Golf & Tennis Club, 1.2 miles to Good Harbor Beach, and minutes to historic Rocky Neck and the famous Back Shore! Bonuses include fully owned solar panels, a 1-car garage under, freshly painted interior and basement, newly stained and varnished h/w floors throughout, and move-in-ready condition for a quick close. Family-owned for over 53 years, this lovingly cared-for home is ready for its next chapter!
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: 715 sq ft (the lesser of 900 sq ft or half the 1,430 sq ft principal dwelling). Lot size: 14,150 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
Electric Water Heater • Water Heater • Range • Refrigerator • Washer • Dryer
Neighborhood
Tennis Court(s) • Golf • Marina
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,FirstFlooring - Wall to Wall Carpet, Exterior Access, Open Floorplan, Archway
Dining Room
Lvl Main,FirstCloset, Flooring - Wall to Wall Carpet, Open Floorplan, Archway
Kitchen
Lvl FirstFlooring - Stone/Ceramic Tile, Window(s) - Picture, Dining Area, Deck - Exterior, Exterior Access
Primary Bedroom
Lvl FirstCloset, Flooring - Wall to Wall Carpet
Bedroom 2
Lvl FirstBedroom 3
Lvl FirstCloset, Flooring - Wall to Wall Carpet
Bathroom 1
Lvl FirstBathroom - Full
Bathroom 2
Lvl FirstBathroom - Full
Property History
$899,000
Was $949,000
Sep 18, 2026
MLS® 73534278
$949,000
Was $999,000
Jun 18, 2026
MLS® 73534278
$999,000
Jun 11, 2026
MLS® 73534278
Listing Agent: Lillian Lograsso
Listing Office: J. Barrett & Company
MLS® Number: 73534278
