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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Condo Investment Properties for Sale in Gloucester, MA
Listed for sale 2 days ago
$ 345,000
ROI
23.0
Cash Flow/m
308- 1 Bed
- 1 Bath
- 765 sft
2 Ocean Ave APT 1M, Gloucester, MA, 01930
Listed for sale 7 days ago
$ 435,000
ROI
24.4Cash Flow/m
558- 2 Bed
- 1 Bath
- 1101 sft
14-14 Spring St #R, Gloucester, MA, 01930
$ 385,000
ROI
22.9Cash Flow/m
341- 2 Bed
- 2 Bath
- 939 sft
24 Cobblestone Ln Unit 603, Gloucester, MA, 01930
$ 325,000
ROI
20.4Cash Flow/m
56- 2 Bed
- 1 Bath
- 714 sft
145 Essex Ave APT 402, 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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