Property Description

Discover an excellent investment opportunity with this solid three-family property, featuring three spacious one-bedroom apartments. Each unit offers generously sized rooms and convenient in-unit washer/dryer hookups—highly desirable for today’s renters. The building is centrally located near downtown Gloucester, just a short walk to the MBTA, restaurants, shops, and everyday amenities. Off-street parking adds to the appeal, and all units are currently occupied, providing immediate income with potential for increased future returns. This is a rare chance to own a well-maintained, fully tenanted property in a prime location. First showings at the open house on December 7, 2025 11:30am to 12:30pm

Property Details tap to expand

Building Information

  • Total Units: 3
  • Total Floors: 3
  • Total Bedrooms: 3
  • Total Full Baths: 3
  • Amenities: Highway Access, Medical Facility, Park, Public Transportation, Shopping, T-Station
  • Basement Features: Full
  • Common Rooms: Kitchen, Living RM/Dining RM Combo

Financial

  • APOD Available: No
  • Gross Operating Income: 29400
  • Net Operating Income: 29400

Utilities

  • Heat Zones: 3
  • Electric Info: Circuit Breakers, Underground
  • Utility Connections: for Electric Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

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

Unit 2 Description

  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Floors: 3

Construction

  • Year Built: 1900
  • Type: 3 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Poured Concrete
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Wall to Wall Carpet, Wood
  • Lead Paint: Certified Treated, Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73459854
  • Last Updated: 12/05/25
  • Terms: Contract for Deed, Rent w/Option

Property History tap to expand

Date Event Price Price/Sq Ft Source
12/04/2025New$649,000$284MLSPIN

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Seller's Representative: Debra L. Lovelace, 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 2025-12-05 03:30:00

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