
263 East Main Street Gloucester — Photo 1 of 36
Recent Drop: $750,000
$2,950,000
Investment Analysis — 263 East Main Street
Gloucester, MA 01930
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 0.45% cap rate and $13,267/yr in estimated NOI at the $2,950,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
2.5
SqFt
2,500
Style
Single Family
Built
1988
OPEN HOUSE SATURDAY SEPT 19TH FROM 2:30 - 4. EXCEPTIONAL OPPORTUNITY TO LIVE ON THE HARBOR WITH YOUR OWN DEEP WATER DOCK approx. 290 feet long with a recently renovated 4-bedroom 2 1/2 bath harbor front home on SMITH'S COVE. The dock is fully licensed with a Chapter 91 permit, providing legal compliance for the owner. Sits across the harbor from Rocky Neck, renowned for its artist colonies, galleries, shops, and restaurants, this home offers a front-row seat to the bustling, picturesque harbor and easy access to the vibrant cultural life of Gloucester's waterfront. The home has all the modern conveniences with a state-of-the-art kitchen with all high-end appliances. There is a huge pantry off the kitchen. A spacious primary bedroom suite over the heated garage includes its own bath, while two additional bedrooms feature walkout decks and a skylight in the fourth bedroom. Large deck off living room all ooverlooking this spectacular harbor. There is another room that could be an office and is close to the main bedroom. There are two baths on the second level and a half bath with a washer-dryer hook-up on the first floor.
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 2,500 sq ft principal dwelling). Lot size: 21,400 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
Gas Water Heater • Water Heater • Range • Oven • Dishwasher • Disposal • Refrigerator • ENERGY STAR Qualified Refrigerator
Neighborhood
Public Transportation • Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Golf
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,First30 x 12
Flooring - Wood, Deck - Exterior, Exterior Access, Open Floorplan
Dining Room
Lvl Main,FirstFlooring - Hardwood, Balcony / Deck, Exterior Access, Open Floorplan, Lighting - Overhead
Kitchen
Lvl Main,First26 x 12
Flooring - Hardwood, Dining Area, Pantry, Countertops - Stone/Granite/Solid, Breakfast Bar / Nook, Country Kitchen, Deck - Exterior, Exterior Access, Open Floorplan, Recessed Lighting, Remodeled, Stainless Steel Appliances, Gas Stove, Peninsula, Lighting - Overhead, Crown Molding
Primary Bedroom
Lvl Second17 x 17
Bathroom - 3/4, Wood / Coal / Pellet Stove, Cathedral Ceiling(s), Closet, Flooring - Hardwood
Bedroom 2
Lvl Second12 x 12
Bedroom 3
Lvl Second11 x 19
Closet, Flooring - Hardwood, Deck - Exterior
Bedroom 4
Lvl Second11 x 12
Closet, Flooring - Hardwood
Bathroom 1
Lvl Main,FirstBathroom - Half, Dryer Hookup - Electric, Washer Hookup
Bathroom 2
Lvl SecondBathroom - 3/4, Bathroom - Tiled With Shower Stall
Bathroom 3
Lvl SecondBathroom - Full, Bathroom - Tiled With Tub & Shower
Property History
$2,950,000
Was $3,295,000
Aug 3, 2026
MLS® 73421894
$3,295,000
Was $3,700,000
Jun 14, 2026
MLS® 73421894
$3,700,000
Aug 25, 2025
MLS® 73421894
Listing Agent: Jeanne Carpenter
Listing Office: J. Barrett & Company
MLS® Number: 73421894

