Hardwood-Floor
New
For Sale
$799,000
6 Mystic Ave, Gloucester, MA 01930
The two-family residence offers six bedrooms, porch and deck areas, garage parking, and storage.
Property Size2,621 SF
Price / SF$304.85
Days on Market3
Property Features for 6 Mystic Ave
General Information
Standard status
Active
Size
2,621 SF
Property subtype
Residential Income
Zoning
R-5
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,837
Amenities
porches
decks
Unfinished
Wood,Hardwood
Yes
2
No
3
6
Public Record
Ceiling Fan(s),Pantry,Storage,Walk-Up Attic,Heated Attic,Living Room,Dining Room,Kitchen
2621
Public
0.12
5
1
Paved Drive,Off Street
Paved
Balcony/Deck,Garden
Stone
Building Details
Building Size
2,621 SF
Year Built
1900
Stories
3
Listing Agency:
Mango Realty, Inc
Listed By:
Rosa Rescigno
Source:
Capelandingre
Added: Oct 30
Changed: Oct 31
Last Checked: Oct 31 at 3:13AM
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 Mango Realty, Inc
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Investment Insights
Based on property information with market context.
Built in 1900, this 2,621-square-foot duplex has two family units and six bedrooms. Hardwood flooring, high ceilings, ample closets, and storage contribute to the interior layout, which also includes a living room, dining room, kitchen, and walk-up attic. The property has porches, decks, a garden, and a garage. A roof replacement was completed in 2025; the heating system and hot water tanks were installed in 2020.
The 0.12-acre property is zoned R-5. Public transportation, commuter rail, major highways, downtown shops and restaurants, and beaches in Gloucester and Rockport are identified as nearby amenities.
The 0.12-acre property is zoned R-5. Public transportation, commuter rail, major highways, downtown shops and restaurants, and beaches in Gloucester and Rockport are identified as nearby amenities.
Key Highlights
- Two‑family duplex with 2,621 square feet and six bedrooms
- R‑5 zoning on a 0.12‑acre parcel
- Hardwood floors, high ceilings, walk‑up attic, and storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,154
Cap Rate
5.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$883,080
$883.1K
Cap Rate 7%
$630,771
$630.8K
Cap Rate 9%
$490,600
$490.6K
Market Conditions
NOI Build-Up for 2,621 SF
Gross rent
$66.0K $25.20/SF
− Vacancy
−$3.0K −$1.13/SF
EGI
$63.1K $24.07/SF
− OpEx
−$18.9K −$7.22/SF
NOI
$44.2K $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%
$883,080
Cap Rate 7%
$630,771
Cap Rate 9%
$490,600
Alternative Uses
Best Use
Multifamily LT 5
$630.8K
$551.9K – $735.9K
NOI $44,154 @ 7.0% cap · market cap 5.53%
Second Best
Apartment 5plus
$569.4K
$498.2K – $664.3K
NOI $39,856 @ 7.0% cap · market cap 4.99%
Theoretical Best
Office A
$1.55M
$1.36M – $1.81M
NOI $108,614 @ 7.0% cap · market cap 13.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
569
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The two-family residence offers six bedrooms, porch and deck areas, garage parking, and storage.
Where is this duplex located?
The property is located at 6 Mystic Ave Gloucester, MA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Two‑family duplex with 2,621 square feet and six bedrooms; R‑5 zoning on a 0.12‑acre parcel; Hardwood floors, high ceilings, walk‑up attic, and storage
