4-Unit Townhouse
58 Granite Street, Gloucester, MA 01930
For Sale
$2,399,900
Four individually configured homes pair private bedroom suites with shared kitchen and dining areas.
Property Size5,300 SF
Days on Market9
Property Features for 58 Granite Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Atlantic Coast Homes,Inc
Listed By:
Michael Becker · License #9559257
(978) 590-4181
Source:
Classifiedrealtygroup
Added: Nov 1
Changed: Nov 8
Last Checked: Nov 8 at 2:57AM
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 Atlantic Coast Homes,Inc
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Investment Insights
Based on property information with market context.
Completed in 2026, this quadplex contains four townhouse-style residences, each with two bedrooms and 2.5 bathrooms. Kitchen and dining areas occupy the main level, while primary suites sit on the top floor. Three homes have balconies, and select residences include a fireplace, custom built-ins, or a walk-in closet.
Interior finishes include hardwood flooring, flush cabinetry, quartz countertops, full-height backsplashes, stainless steel appliances, and induction cooking. The building has foam insulation, Andersen windows, and split heat-pump heating and air conditioning. Parking includes a three-car garage, a partial carport, and four off-street spaces.
Interior finishes include hardwood flooring, flush cabinetry, quartz countertops, full-height backsplashes, stainless steel appliances, and induction cooking. The building has foam insulation, Andersen windows, and split heat-pump heating and air conditioning. Parking includes a three-car garage, a partial carport, and four off-street spaces.
Key Highlights
- Four townhouse units, each with 2 bedrooms and 2.5 bathrooms
- Three balconies across the residences
- Three‑car garage, one partial carport, and 4 additional off‑street spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$89,285
Cap Rate
3.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,785,700
$1.8M
Cap Rate 7%
$1,275,500
$1.3M
Cap Rate 9%
$992,056
$992.1K
Market Conditions
NOI Build-Up for 5,300 SF
Gross rent
$133.6K $25.20/SF
− Vacancy
−$6.0K −$1.13/SF
EGI
$127.5K $24.07/SF
− OpEx
−$38.3K −$7.22/SF
NOI
$89.3K $16.85/SF
Area
Essex County, MA
Vacancy
4.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,785,700
Cap Rate 7%
$1,275,500
Cap Rate 9%
$992,056
Alternative Uses
Best Use
Multifamily LT 5
$1.28M
$1.12M – $1.49M
NOI $89,285 @ 7.0% cap · market cap 3.72%
Second Best
Apartment 5plus
$1.15M
$1.01M – $1.34M
NOI $80,594 @ 7.0% cap · market cap 3.36%
Theoretical Best
Office A
$3.14M
$2.75M – $3.66M
NOI $219,631 @ 7.0% cap · market cap 9.15%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,218
Businesses Nearby
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Business Placement
Demographics for 01930, MA
29,729
Population
14,630
Households
2
Avg Household Size
50
Median Age
39%
College-Educated
94%
High-School Grad
26.2 sq mi
ZIP Area
1,135
Density / Sq Mi
$87,898
Median Household Income
$49,580
Median Earnings
$1,395
Median Rent
$587,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Four individually configured homes pair private bedroom suites with shared kitchen and dining areas.
Where is this quadplex located?
The property is located at 58 Granite Street Gloucester, MA.
What is the asking price?
The asking price for this property is $2,399,900.
What are key features of this property?
This property features: Four townhouse units, each with 2 bedrooms and 2.5 bathrooms; Three balconies across the residences; Three‑car garage, one partial carport, and 4 additional off‑street spaces
