Sold!
$563,000
4
Beds
2
Baths
972
Living Area
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Property Description
**INVESTMENT OPPORTUNITY** This 2-unit multi-family property in downtown Gloucester offers an incredible opportunity for a beginning investor to enter the real estate market. Its prime location, versatile unit configurations, and potential for steady rental income make it an appealing prospect for those looking to build their investment portfolio in one of the most desirable markets in the Northeast. Don't miss out on the chance to own a slice of Gloucester's vibrant lifestyle and capitalize on the growing demand for rental properties in this sought-after locale. Seize the moment and make this property your next successful investment venture. Come experience the charm and potential firsthand. Property consists of a 1bed/1bath unit and a 3bed/1 unit. Off-street parking for 2-3 cars; and a backyard for fire-pits, BBQs and entertaining. Property is just a few hundred yards from the new elementary school. Low operating expenses.Tenants pay gas and electric.
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Highlights
- Parking Spots: 2
- Property Type: Multi Family
- Year Built: 1900
- Property Class: Residential Income
- Total Rooms: 8
- Status: Closed
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Additional Details
- Foundation: Concrete Perimeter, Block, Stone
- Road Frontage Type: Public
- Year Built Details: Approximate
- Zoning: R-5
- Lot Features: Corner Lot
- Total Number of Units: 2
- Year Built Source: Public Records
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Amenities
- Community Features: Public Transportation, Shopping, Park, Public School, T-Station
- Waterfront Features: Beach Front, Ocean, 1 to 2 Mile To Beach, Beach Ownership(Public)
- Parking Features: Off Street
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Utilities
- Sewer: Public Sewer
- Water Source: Public
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Fees / Taxes
- Assessed Value: $373,300
- Compensation Based On: Net Sale Price
- Tax Year: 2023
- Total Rent: $3,600
- Buyer Agent Compensation: 2%
- Facilitator Compensation: 1%
- Taxes: $3,953
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Content © 2026 MLS Property Information Network, Inc. The information in this listing was gathered from third party resources including the seller and public records.
Listing information provided courtesy of Gibson Sotheby's International Realty.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
