$879,000
PENDING

Estimated payment $5,403/month

Total Views 795
9 Beds
6 Baths
4,330 Sq Ft
$203 Price per Sq Ft

Highlights

  • Marina
  • Medical Services
  • Deck
  • Golf Course Community
  • City View
  • 5-minute walk to Burnham's Field

About This Home

Rare 6 unit investment property located in central Gloucester consists of three 2 Br 1 BA units and three 1 BR 1 BA unit. Property is in need of updating and renovations throughout. Separate heat, hot water and updated electric utilities. Paved parking for 3-4 cars off street with room to expand. Property is well located for commuters with T station and Rt. 128 nearby as well as short distance to downtown Gloucester. Recently installed fire alarm system. Some units have laundry hookups. Common basement area has some room for storage. 2 units TAW currently rented at $1000 mo. each, 4 units currently vacant. A great investment opportunity at $146,500 per unit!

Listing Agent

Peter and Pam Lane

North Shore's Gold Coast Realty Listed on: 08/26/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,470

Year Built

  • Built in 1900

Lot Details

  • 5,000 Sq Ft Lot
  • Corner Lot
  • Level Lot

Home Design

  • Shingle Roof
  • Rubber Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 4,330 Sq Ft Home
  • Insulated Windows
  • Insulated Doors
  • Family Room
  • Living Room
  • Home Office
  • City Views
  • Range

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 6 Full Bathrooms

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Block Basement Construction

Parking

  • 4 Car Parking Spaces
  • Driveway
  • Paved Parking
  • Open Parking
  • Off-Street Parking

Outdoor Features

  • Deck

Location

  • Property is near public transit
  • Property is near schools

Schools

  • O'maley Middle School
  • Gloucester High School

Utilities

  • Heating System Uses Natural Gas
  • Individual Controls for Heating
  • Baseboard Heating
  • 220 Volts
  • 100 Amp Service

Listing and Financial Details

  • Rent includes unit 1(water), unit 2(water), unit 3(water), unit 4(water)
  • Tax Lot 21

Community Details

Overview

  • 6 Units
  • Property has 1 Level

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Marina
  • Golf Course Community
  • Tennis Courts
  • Park

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,470

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5-9 Family
  • Year Built: 1900
  • Levels: 6
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Compensation Offered but Not in MLS
  • APOD AVAILABLE: No
  • Special Features: None
  • Stories: 6

Interior Features

  • Flooring: Wood, Vinyl, Varies
  • Interior Amenities: Living Room, Kitchen, Family Room, Office/Den
  • Door Features: Insulated Doors
  • Fireplace YN: No
  • Appliances: Range, Refrigerator
  • Total Bedrooms: 9
  • Full Bathrooms: 6
  • Total Bathrooms: 6
  • Total Bathrooms: 6
  • Basement: Full, Walk-Out Access, Concrete
  • Above Grade Finished Sq Ft: 4330
  • Living Area: 4330
  • Spa YN: No
  • Stories Total: 6
  • Window Features: Insulated Windows
  • MAIN LO: C95247
  • LIST PRICE PER Sq Ft: 203
  • PRICE PER Sq Ft: 203

Exterior Features

  • Foundation Details: Concrete Perimeter
  • Home Warranty YN: No
  • Patio And Porch Features: Deck - Roof, Deck - Wood
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Roof: Shingle, Rubber
  • View: City View(s)
  • View YN: Yes
  • Waterfront Features: Harbor, 1 to 2 Mile To Beach, Beach Ownership(Public)
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street, Paved
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Heating: Baseboard, Natural Gas, Individual, Unit Control, Electric
  • Electric: 220 Volts, Circuit Breakers, 100 Amp Service
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 6
  • Hot Water: Natural Gas, Electric, Tank, Varies Per Unit

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Tennis Court(s), Park, Golf, Medical Facility, Laundromat, Highway Access, Marina, Public School, T-Station
  • Rent Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water), Unit 4(Water)
  • Senior Community YN: No

Lot Info

  • Zoning: R5
  • Farm Land Area Units: Square Feet
  • Lot Features: Corner Lot, Level
  • Lot Size Acres: 0.11
  • Lot Size Area: 0.11
  • Lot Size Sq Ft: 5000
  • Lot Size Units: Acres
  • PAGE: 213

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 7470
  • Tax Book Number: 40904
  • Tax Lot: 21
  • Tax Map Number: 34

Multi Family

  • Gross Income: 24000
  • Number Of Units Total: 6
  • Total Actual Rent: 2000
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 4: 1
  • LEVELS 2: 2
  • LEVELS 3: 1
  • LEASE 4: N
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 4: 2
  • FLRS 3: 2
  • FLRS 2: 1

MLS Schools

  • High School: Gloucester Hs
  • Middle Or Junior School: O'maley

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/29/2025 08/29/25 Pending -- -- --
08/26/2025 08/26/25 For Sale $879,000 -- $203 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73422257

MLS Property Information Network (MLS PIN)