Property Description

Investors/Developers! This mixed use building offers an excellent potential return and a variety of potential uses. The property is located among the busiest shops and restaurants on Main street and includes two retail stores and three residential apartments all currently leased. The residential units include beautiful architectural details including exposed brick, over-sized windows, tall wooden-beamed ceilings, recessed lighting, central air and beautiful views of the harbor and ocean. There is a 2000+ sf single level luxury apartment on the second floor, with large granite kitchen, and two townhouse units of apx. 1350 utilizing the third and fourth floors. Historic Gloucester Harbor and a public beach is just 1/10 mile from the property. Don’t miss this amazing opportunity.

Property Details tap to expand

Building Information

  • Total Units: 5
  • Total Floors: 8
  • Total Bedrooms: 6
  • Total Full Baths: 4
  • Total Half Baths: 2
  • Amenities: House of Worship, Marina, Medical Facility, Park, Public School, Public Transportation, Shopping, T-Station, Walk/Jog Trails
  • Basement Features: Concrete Floor, Full, Interior Access, Unfinished Basement
  • Common Rooms: Dining Room, Kitchen, Living Room, Office/Den
  • Common Interior Features: Bathroom With Tub & Shower, Internet Available - Unknown, Tile Floor, Upgraded Cabinets, Upgraded Countertops
  • Common Appliances: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Wall Oven, Washer
  • Common Cooling: Central Air

Financial

  • APOD Available: Yes
  • Expenses Source: Owner Provided
  • Gross Operating Income: 139200
  • Gross Expenses: 18486
  • Electric Expenses: 486
  • Water/Sewer: 1000
  • INSC: 9000
  • Repairs & Maintenance: 1000
  • Management Fee: 6000
  • Net Operating Income: 120714

Utilities

  • Heat Zones: 5
  • Cooling Zones: 5
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 3 Description

  • Floors: 2
  • Levels: 1

Unit 4 Description

  • Floors: 3
  • Levels: 2

Construction

  • Year Built: 1905
  • Type: 5+ Family - 5+ Units Up/Down
  • Construction Type: Brick, Stone/Concrete
  • Foundation Info: Other (See Remarks)
  • Flooring Type: Hardwood, Tile, Wall to Wall Carpet, Wood
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73377209
  • Last Updated: 05/19/25

Property History tap to expand

Date Event Price Price/Sq Ft Source
05/19/2025New$2,089,000$259MLSPIN
05/19/2025New$2,089,000MLSPIN
05/19/2025New$2,089,000$259MLSPIN
02/03/2023Expired$1,800,000$223MLSPIN
02/03/2023Expired$1,800,000$223MLSPIN
02/02/2023Back on Market$1,800,000$223MLSPIN
02/02/2023Back on Market$1,800,000$223MLSPIN
11/11/2022Under Agreement$1,800,000$223MLSPIN
11/11/2022Under Agreement$1,800,000$223MLSPIN
10/28/2022Contingent$1,800,000$223MLSPIN
10/28/2022Contingent$1,800,000$223MLSPIN
10/17/2022Active$1,800,000$223MLSPIN
10/17/2022Active$1,800,000$223MLSPIN
10/13/2022Under Agreement$1,800,000$223MLSPIN
10/13/2022Under Agreement$1,800,000$223MLSPIN
09/29/2022Contingent$1,800,000$223MLSPIN
09/29/2022Contingent$1,800,000$223MLSPIN
07/12/2022Active$1,800,000$223MLSPIN
07/12/2022Active$1,800,000$223MLSPIN

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Seller's Representative: Bethany Pratt, Churchill Properties
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2025-05-19 13:03:00