Renovated Two-Unit Residential
20 Beacon Street Gloucester, MA 01930
20 Beacon Street, Gloucester, MA, 01930
$1,075,000
For Sale
$1,075,000
Renovated two-family property offers updated kitchens, baths, flooring, windows, and 400 amp electric service with off-street parking.
Property Size2,389 SF
Price / SF$449.98
Days on Market161
Property Features for 20 Beacon Street
General Information
- Standard status
- Active
- Size
- 2,389 SF
- Property subtype
- Multi-family / 2 Family
Building Details
- Year Built
- 1900
Listing agency
Churchill Properties
(978) 515-7031
Listed by
Kathleen McHugh · License #9082179
(978) 515-7031
Source
Compass
Added: Feb 11 Updated: Jul 21 at 6:11PM Checked: Jul 21 at 6:11PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Churchill Properties
Investment Insights
Based on property information with market context.
This renovated two-family residential income property has been extensively updated throughout, including new kitchens, baths, hardwood flooring, windows, 400 amp electric service, plumbing, and insulation. It is being offered as a new condo conversion with condo documents in place.
Unit 1 is one level with 2 bedrooms and 1 full bath, featuring an open kitchen, living, and dining layout. Unit 2 is a two-level configuration with 3–4 bedrooms and 2 baths, including one bath within the primary bedroom, plus a deck.
The property also provides plenty of off-street parking and is described as minutes from downtown Gloucester, Stacy Boulevard, Stage Fort Park, and the train station.
Unit 1 is one level with 2 bedrooms and 1 full bath, featuring an open kitchen, living, and dining layout. Unit 2 is a two-level configuration with 3–4 bedrooms and 2 baths, including one bath within the primary bedroom, plus a deck.
The property also provides plenty of off-street parking and is described as minutes from downtown Gloucester, Stacy Boulevard, Stage Fort Park, and the train station.
Key Highlights
- Renovated two‑family property with new kitchens, baths, hardwood flooring, windows, plumbing, insulation, and 400 amp electric service
- Condo conversion with condo docs in place; see MLS listings #73469566 and #73468481
- Unit 1: 2 bedrooms, 1 full bath on one level with open kitchen/living/dining layout
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $60.2k | $25.20 |
| − Vacancy | −$2.7k | −$1.13 |
| EGI | $57.5k | $24.07 |
| − OpEx | −$17.2k | −$7.22 |
| NOI | $40.2k | $16.85 |
2,389 SF · lease $25.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$574.9K
$503.1K – $670.8K
NOI $40,246 @ 7.0% cap · market cap 3.74%
Second Best
Apartment 5plus
$519.0K
$454.1K – $605.5K
NOI $36,328 @ 7.0% cap · market cap 3.38%
Theoretical Best
Office A
$1.41M
$1.24M – $1.65M
NOI $99,000 @ 7.0% cap · market cap 9.21%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Renovated two-family property offers updated kitchens, baths, flooring, windows, and 400 amp electric service with off-street parking.
Where is this duplex located?
The property is located at 20 Beacon Street Gloucester, MA.
What is the asking price?
The asking price for this property is $1,075,000.
What are key features of this property?
This property features: Renovated two‑family property with new kitchens, baths, hardwood flooring, windows, plumbing, insulation, and 400 amp electric service; Condo conversion with condo docs in place; see MLS listings #73469566 and #73468481; Unit 1: 2 bedrooms, 1 full bath on one level with open kitchen/living/dining layout
