185 Washington Street, Gloucester, MA 01930
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$529,900
2 Unit
1 Bed
2 Baths
1152 SQFT
0.03 Acre

Property Description

MIXED USE BUILDING located in a high-traffic, high visibility location and containing a commercial unit on the 1st floor and a one-bedroom residential rental unit located on the 2nd floor above the retail space. The apartment is currently rented to a tenant-at-will at below market rent and will be delivered vacant at closing. Excellent income potential! Commercial unit is in turnkey condition! Great opportunity for a live/work situation! Additionally, there is potential to convert the property into 2 residential units. Conveniently located near highway and commuter rail, and close to Gloucester's historic downtown!

Property Details tap to expand

Building Information

  • Total Units: 2
  • Total Floors: 2
  • Total Bedrooms: 1
  • Total Full Baths: 2
  • Amenities: Highway Access, House of Worship, Public Transportation, T-Station
  • Common Rooms: Kitchen, Living Room
  • Common Interior Features: Bathroom With Tub & Shower, Internet Available - Broadband, Other (See Remarks), Programmable Thermostat, Storage, Tile Floor
  • Common Appliances: Dryer Hookup, Other (See Remarks), Range, Refrigerator, Washer Hookup
  • Common Heating: Common, Ductless Mini-Split System, Electric, Electric, Extra Flue, Forced Air, Gas, Geothermal Heat Source, Heat Pump, Heat Pump, Hot Water Baseboard, Individual, Oil, Space Heater, Steam, Wall Unit
  • Common Cooling: Heat Pump, Individual, None, None

Financial

  • APOD Available: Yes
  • Expenses Source: Owner Provided, Tax Return
  • Gross Operating Income: 17700
  • Net Operating Income: 17700

Utilities

  • Heat Zones: 2
  • Cooling Zones: 1
  • Electric Info: 110 Volts, 220 Volts, At Street, Circuit Breakers, Individually Metered, On-Site, Underground, Varies per Unit
  • Energy Features: Insulated Doors, Insulated Windows, Prog. Thermostat
  • Utility Connections: for Electric Dryer, Varies per Unit, Washer Hookup
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 2
  • Levels: 1

Construction

  • Year Built: 1930
  • Construction Type: Aluminum, Frame
  • Foundation Info: Slab
  • Roof Material: Asphalt/Composition Shingles
  • Flooring Type: Hardwood, Tile, Wood
  • Lead Paint: Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73404309
  • Last Updated: 07/18/25

Property History tap to expand

Date Event Price Price/Sq Ft Source
07/18/2025Active$109,900$191MLSPIN
07/18/2025Active$629,900$547MLSPIN
07/18/2025Active$529,900$460MLSPIN
07/14/2025New$529,900$460MLSPIN
07/14/2025New$629,900$547MLSPIN
07/14/2025New$109,900$191MLSPIN
06/09/2009Expired$109,000$92MLSPIN
03/10/2009Reactivated$109,000$92MLSPIN
03/09/2009Expired$109,000$92MLSPIN
12/09/2008Active$109,000$92MLSPIN

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Seller's Representative: Mark T. Vadala, Vadala Real Estate
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 2025-07-18 03:05:00