$1,149,000
PENDING $50K PRICE DROP

Estimated payment $6,684/month

Total Views 21,008
6 Beds
3 Baths
3,555 Sq Ft
$323 Price per Sq Ft

Highlights

  • Marina
  • Medical Services
  • Deck
  • Golf Course Community
  • Granite Flooring
  • Property is near public transit

About This Home

Located at 5 Washington Sq, Gloucester, MA, this multi-family residence in Essex County presents itself as an inviting home, ready for its next chapter. The kitchen is a culinary canvas, featuring a backsplash that adds a touch of sophistication to the heart of this home. Imagine creating memorable meals in this space, where functionality meets aesthetic appeal. The property boasts a deck, an outdoor living space and a fenced backyard, offering a private retreat for relaxation and entertainment. Picture enjoying warm summer evenings in your outdoor living space. This residence offers 6 bedrooms and 3 full bathroom within its 3 stories and 3555 square feet of living area, all situated on a 5840 square foot lot, constructed in 1900.The first and second floor also have a office. This Gloucester residence offers a unique opportunity to own a substantial property with tremendous potential.

Listing Agent

Grace Ciaramitaro

J. Barrett & Company Listed on: 07/31/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,892

Year Built

  • Built in 1900

Lot Details

  • 5,840 Sq Ft Lot
  • Fenced
  • Garden

Home Design

  • Shingle Roof

Interior Spaces

  • 3,555 Sq Ft Home
  • Property has 1 Level
  • Living Room
  • Home Office

Kitchen

  • Range
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Granite
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Partially Finished Basement

  • Interior Basement Entry
  • Sump Pump

Parking

  • 5 Car Parking Spaces
  • Driveway
  • Open Parking
  • Off-Street Parking

Eco-Friendly Details

  • Whole House Vacuum System

Outdoor Features

  • Walking Distance to Water
  • Balcony
  • Deck
  • Patio

Location

  • Property is near public transit
  • Property is near schools

Schools

  • O'maley Middle School
  • Gloucester High School

Utilities

  • 3 Heating Zones
  • Heating System Uses Natural Gas
  • Separate Meters

Listing and Financial Details

  • Rent includes unit 1(water), unit 2(water), unit 3(water)
  • Assessor Parcel Number M:0006 B:0049 L:0000,1893621

Community Details

Overview

  • 3 Units
  • Near Conservation Area

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Marina
  • Golf Course Community
  • Tennis Courts
  • Park
  • Jogging Path
  • Bike Trail

Building Details

  • Net Operating Income $64,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,892

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family
  • Year Built: 1900
  • Levels: 3
  • Year Built Details: Approximate
  • Year Round: Yes
  • APOD AVAILABLE: No
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Wood, Tile, Vinyl, Carpet, Hardwood, Stone/Ceramic Tile
  • Interior Amenities: Living Room, Kitchen, Laundry Room, Office/Den
  • Fireplace YN: No
  • Appliances: Range, Dishwasher, Refrigerator, Washer, Dryer, Vacuum System
  • Total Bedrooms: 6
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Laundry Features: Washer & Dryer Hookup, Electric Dryer Hookup, Washer Hookup
  • Basement: Partially Finished, Interior Entry, Sump Pump
  • Above Grade Finished Sq Ft: 3555
  • Living Area: 3555
  • Spa YN: No
  • Stories Total: 3
  • MAIN LO: C95243

Exterior Features

  • Exterior Features: Balcony/Deck, Garden
  • Fencing: Fenced
  • Foundation Details: Granite
  • Home Warranty YN: No
  • Patio And Porch Features: Deck, Deck - Wood, Patio
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront Features: Harbor, Ocean, Walk to, 1/10 to 3/10 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
  • Total Parking Spaces: 5

Utilities

  • Sewer: Public Sewer
  • Utilities: for Electric Range, for Electric Dryer, Washer Hookup
  • Heating: Natural Gas
  • Electric: Circuit Breakers, Common, Individually Metered
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 3
  • HEAT ZONES: 3
  • COOLING ZONES: 0
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Marina, Public School, T-Station
  • Rent Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water)
  • Senior Community YN: No

Lot Info

  • Parcel Number: M:0006 B:0049 L:0000,1893621
  • Zoning: NB
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.13
  • Lot Size Sq Ft: 5840
  • Lot Size Units: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 7892

Multi Family

  • Net Operating Income: 64800
  • Number Of Units Total: 3
  • Total Actual Rent: 5400
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 3: 1
  • LEASE 3: Y
  • LEASE 2: Y
  • LEASE 1: N
  • FLRS 3: 3

MLS Schools

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

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $8,485 $872,900 $143,400 $729,500
2024 $7,892 $811,100 $136,600 $674,500
2023 $8,671 $818,800 $122,000 $696,800
2022 $7,779 $663,200 $106,100 $557,100
2021 $7,524 $604,800 $96,400 $508,400
2020 $7,097 $575,600 $96,400 $479,200
2019 $6,521 $513,900 $96,400 $417,500
2018 $6,225 $481,400 $96,400 $385,000
2017 $5,925 $449,200 $86,900 $362,300
2016 $5,405 $397,100 $86,800 $310,300
2015 $5,287 $387,300 $86,800 $300,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/31/2025 10/31/25 Pending -- -- --
10/03/2025 10/03/25 For Sale $1,149,000 0.0% $323 / Sq Ft
10/01/2025 10/01/25 Off Market $1,149,000 -- --
09/24/2025 09/24/25 Price Changed $1,149,000 -3.4% $323 / Sq Ft
08/18/2025 08/18/25 Price Changed $1,189,000 -0.8% $334 / Sq Ft
07/31/2025 07/31/25 Price Changed $1,199,000 -40.0% $337 / Sq Ft
07/31/2025 07/31/25 For Sale $1,999,000 +135.5% $562 / Sq Ft
05/02/2022 05/02/22 Sold $849,000 0.0% $237 / Sq Ft View Prior Sale
04/04/2022 04/04/22 Pending -- -- --
03/31/2022 03/31/22 For Sale $849,000 -- $237 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Purchase History

Date Type Sale Price Title Company
Deed $80,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $0 No Value Available
Open $20,000 No Value Available
Open $30,000 No Value Available
Source: Public Records

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73411750

MLS Property Information Network (MLS PIN)

APN: GLOU-000006-000049