54 Lexington Ave #32 Gloucester — Photo 1 of 23
$299,000
Investment Analysis — 54 Lexington Ave #32
Gloucester, MA 01930 — Magnolia
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a home in 01930 carries an estimated $2,040/mo in gross rent — about a 4.18% cap rate and $12,503/yr in estimated NOI at the $299,000 list price. Adjust every assumption in the calculator below.
Beds
--
Baths
1
SqFt
400
Style
Condominium
Built
1920
A little piece of New England history is waiting for you by the cliffs of Cape Ann. Experience a true gem of North Shore living in Gloucester’s famed Magnolia neighborhood. Located on the site of the legendary Grande Dame Oceanside Hotel, this charming and cozy studio brings coastal living right to your doorstep—for just $299K! Step outside to sweeping views of the Atlantic Ocean in one direction and Magnolia’s beloved shops, restaurants, library, and post office in the other. And that’s only the beginning. Nearby beaches include Gray Beach, Black Beach, and Singing Beach, while the scenic Coolidge Reservation and Rafe’s Chasm are just minutes away. A true nature lovers paradise! For the perfect end to the day, stroll down Magnolia Pier and take in a beautiful sunset. Back home, enjoy convenient private parking, dedicated storage for your beach and outdoor gear, and a covered porch—the perfect spot for a relaxing meal or drink. Come see what makes this opportunity so special. Open houses: Saturday, 9/19, from 10:00–11:30 a.m. and Sunday, 9/20, from 11:00 a.m.–12:30 p.m.
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 MLS and other third-party data may be inaccurate or out of date.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
Range • Refrigerator
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Conservation Area • Public School
Geography
Floorplan Breakdown
Structural Layout
Kitchen
Lvl FirstFlooring - Hardwood, Countertops - Stone/Granite/Solid, Recessed Lighting
Primary Bedroom
Lvl FirstFlooring - Hardwood, Window(s) - Picture, Balcony / Deck, Exterior Access, Recessed Lighting
Bathroom 1
Lvl FirstBathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile
Property History
$299,000
Sep 17, 2026
MLS® 73578740
$299,000
Sep 5, 2026
MLS® 73544618
$299,000
Jul 4, 2026
MLS® 73544618
$324,000
Sep 2, 2025
MLS® 73371228
$324,000
May 7, 2025
MLS® 73371228
Listing Agent: Kurt Coleman
Listing Office: Red Tree Real Estate
MLS® Number: 73578740
