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    Turnkey Two-Family Home, Gloucester Title is generated by Realmo AI

    4 Alpine Ct, Gloucester, MA 01930

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    Claim this Listing
    Pending
    $599,900

    MULTI_FAMILY - Gloucester, MA

    Property size:
    1,920 SF
    Lot size:
    0.08 Acres
    Added:
    Apr 29, 2026
    Days on Market:
    48
    Last Refresh:
    Jun 15 at 10:06 am

    Property Features for 4 Alpine Ct

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R-5
    Bedrooms
    5
    Bathrooms
    2
    Rooms
    Bedroom 2, Bedroom 4, Bedroom 5, Bathroom 2, Bedroom 3, Bedroom 1, Bathroom 1
    Parking
    2
    Standard status
    Pending
    APN
    M:0017 B:0109 L:0000,1894421
    Size
    1,920 SF
    Lot size
    0.08 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    4556

    Building Details

    Year built
    1992
    Floors in Building
    1
    Number of units
    2

    We can help!

    Listing Contact
    Keller Williams Realty Evolution

    Listing agent Keller Williams Realty Evolution

    Listing office Keller Williams Realty Evolution 500 Cummings Center, Suite 1550, Beverly, MA

    Listing date Apr 29, 2026

    MLS# 73509119 Listing URL

    Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Turnkey 2‑family home built in 1992
    • First unit has 3 bedrooms and 1 full bathroom
    • Second unit has 2 bedrooms and 1 bathroom
    • Located near downtown Gloucester, local shops, restaurants, and the waterfront
    • Easy access to Route 128 and MBTA for commuting

    Overview

    This is a two-family home located in Gloucester, Massachusetts. The first unit includes three bedrooms and one full bath. The second unit features two bedrooms and one bath. The property is conveniently located near downtown Gloucester, local shops, restaurants, and the waterfront. It offers easy access to Route 128 and the MBTA for commuting. The property is suitable for investors seeking rental income or for owner-occupants looking to offset expenses by renting out the second unit. The lot size is 0.0803 acres. The property size is 1,920 square feet. The zoning is R-5.

    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 (±1% cap)
    NOI $32,345 @ 7.0% cap · market cap 5.39%
    Second Best
    Apartment 5plus
    $417.1K
    $365.0K – $486.6K (±1% cap)
    NOI $29,196 @ 7.0% cap · market cap 4.87%
    Theoretical Best
    Office A
    $1.14M
    $994.6K – $1.33M (±1% cap)
    NOI $79,564 @ 7.0% cap · market cap 13.26%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Gloucester
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.670623
    Latitude
    42.61612

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    FAQs

    What type of property is this?
    Duplex - Two-unit home near downtown, shops, waterfront, Route 128, MBTA.
    Where is this duplex located?
    The property is located at 4 Alpine Ct 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 2‑family home built in 1992; First unit has 3 bedrooms and 1 full bathroom; Second unit has 2 bedrooms and 1 bathroom
    (978) 927-8700
    We can help!
    Listing Contact
    Keller Williams Realty Evolution
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