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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Condo Investment Properties for Sale in Gloucester, MA
Airbnb Potential
Listed for sale 6 days ago
$ 315,000
ROI
26.2
Cash Flow/m
561- 1 Bed
- 1 Bath
- 520 sft
141 Prospect St #B, Gloucester, MA, 01930
Listed for sale 6 days ago
$ 305,000
ROI
27.1Cash Flow/m
624- 1 Bed
- 1 Bath
- 515 sft
141 Prospect St Unit A, Gloucester, MA, 01930
$ 299,000
ROI
25.6Cash Flow/m
488- 2 Bed
- 1 Bath
- 647 sft
16 Cleveland Pl APT 8, Gloucester, MA, 01930
$ 448,000
ROI
22.6Cash Flow/m
351- 2 Bed
- 2 Bath
- 1012 sft
7 Dodge St #2, Gloucester, MA, 01930
Why Invest in Gloucester, Massachusetts?
Investing in condos in Gloucester, MA offers a unique opportunity to tap into a stable coastal real estate market. With a solid average rental yield and competitive cap rates, condos here attract both long-term renters and seasonal visitors. The area's average cash flow and appreciation rates demonstrate promising returns for investors focusing on multifamily properties. Rental demand remains consistent due to the local economy and tourism sector, making Gloucester condos a smart addition to any portfolio.
7.2%
Avg. ROI
5%
Rental Yield
6.1%
Cap Rate
$1200/mo
Avg. Cash Flow
$1800/mo
Avg. Rent
3.8%
1Y Appreciation
Frequently Asked Questions
The average rental yield for condos in Gloucester is approximately 5.0%, reflecting steady rental demand and moderate property prices.
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