Turnkey Two-Family
4 Alpine Court Gloucester, MA 01930
4 Alpine Court, Gloucester, MA, 01930
$599,900
For Sale
$599,900
Turnkey two-family home with two separate units, offering three bedrooms in one and two bedrooms in the other.
Property Size1,920 SF
Price / SF$312.45
Days on Market85
Property Features for 4 Alpine Court
General Information
- Standard status
- Active
- Size
- 1,920 SF
- Property subtype
- Multi-family / 2 Family
Building Details
- Year Built
- 1992
Listing agency
Keller Williams Realty Evolution
(978) 927-8700
Listed by
Salvatore DiMercurio · License #9071371
(978) 927-8700
Source
Compass
Added: Apr 28 Updated: Jul 21 at 4:29PM Checked: Jul 21 at 4:29PM
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 Keller Williams Realty Evolution
Investment Insights
Based on property information with market context.
This turnkey two-family residence is configured as two separate units. The first unit includes three bedrooms and one full bath. The second unit includes two bedrooms and one bath.
The property is described as conveniently located near downtown Gloucester, local shops, restaurants, and the scenic waterfront, with easy access to Route 128 and the MBTA for commuting.
For sale as a two-family asset that can support investor rental income or allow an owner to occupy one unit while renting the other to help offset expenses.
The property is described as conveniently located near downtown Gloucester, local shops, restaurants, and the scenic waterfront, with easy access to Route 128 and the MBTA for commuting.
For sale as a two-family asset that can support investor rental income or allow an owner to occupy one unit while renting the other to help offset expenses.
Key Highlights
- Turnkey two‑family home built in 1992 with 2 total bathrooms (2 full baths)
- Two separate units: first unit has 3 bedrooms and 1 full bath; second unit has 2 bedrooms and 1 bath
- Finished basement
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 | $48.4k | $25.20 |
| − Vacancy | −$2.2k | −$1.13 |
| EGI | $46.2k | $24.07 |
| − OpEx | −$13.9k | −$7.22 |
| NOI | $32.3k | $16.85 |
1,920 SF · lease $25.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$462.1K
$404.3K – $539.1K
NOI $32,345 @ 7.0% cap · market cap 5.39%
Second Best
Apartment 5plus
$417.1K
$365.0K – $486.6K
NOI $29,196 @ 7.0% cap · market cap 4.87%
Theoretical Best
Office A
$1.14M
$994.6K – $1.33M
NOI $79,564 @ 7.0% cap · market cap 13.26%
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 - Turnkey two-family home with two separate units, offering three bedrooms in one and two bedrooms in the other.
Where is this duplex located?
The property is located at 4 Alpine Court Gloucester, MA.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Turnkey two‑family home built in 1992 with 2 total bathrooms (2 full baths); Two separate units: first unit has 3 bedrooms and 1 full bath; second unit has 2 bedrooms and 1 bath; Finished basement
