Property Description

Set on a quiet side street with convenient access to Route 128, the MBTA Commuter Rail, and Gloucester's many amenities, this spacious three-family property presents an excellent opportunity for investors and owner-occupants alike. Unit 1 is a generously sized three-bedroom, two-bath townhouse-style residence. The main level features a living room, dining room, and kitchen, while the second floor offers three bedrooms and a full bath. A large finished lower level includes a second bathroom and four additional rooms, providing flexible space for a home office, recreation room, storage, and more. Unit 2 is also townhouse-style and offers a versatile layout that can function as either a two- or three-bedroom unit. Unit 3, located on the top floor, is a two-bedroom garden-style residence. Additional highlights include a private backyard and ample off-street parking. With flexible living arrangements, generous space, and a central Gloucester location, this property offers outstanding potential.

Property Details tap to expand

Building Information

  • Total Units: 3
  • Total Floors: 6
  • Total Bedrooms: 7
  • Total Full Baths: 4
  • Amenities: Highway Access, Medical Facility, Public Transportation
  • Basement Features: Finished, Full, Interior Access, Other (See Remarks), Walk Out
  • Common Rooms: Dining Room, Family Room, Kitchen, Living Room, Office/Den
  • Common Heating: Extra Flue, Gas, Gas, Heat Pump, Hot Air Gravity, Hot Water Baseboard

Financial

  • APOD Available: Yes
  • Gross Operating Income: 87600
  • Gross Expenses: 27148
  • GSE: 6200
  • Electric Expenses: 1500
  • Water/Sewer: 6936
  • INSC: 5741
  • Net Operating Income: 60452

Utilities

  • Electric Info: Circuit Breakers, Underground
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Heat, Hot Water
  • Under Lease: No
  • Floors: 1
  • Levels: 3

Unit 2 Description

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

Unit 3 Description

  • Included in Rent: Heat, Hot Water
  • Under Lease: No
  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1900
  • Type: 3 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Granite
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Lead Paint: Certified Treated, Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73574965
  • Last Updated: 09/12/26

Property History tap to expand

Date Event Price Price/Sq Ft Source
09/12/2026Contingent$789,000$218MLSPIN
09/10/2026New$789,000$218MLSPIN

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Seller's Representative: Mark Ventimiglia, 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 2026-09-12 16:29:00

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