A fantastic opportunity for both owner-occupants and investors to acquire a well located 3-family property in Gloucester. Unit 1&2 each with three bedrooms, 1 bath, a living room, kitchen, and in-unit laundry. Unit 3 featuring 2 bedrooms, a kitchen, and a living room. Recent updates include heating systems, water heaters, and rubber roof. The common basement has been updated and offers ample storage space. Additionally, the property includes a driveway with 4 parking spots and off-street parking. Current rents are below market value, providing potential for increased rental income. Located near downtown Gloucester, you'll have easy access to restaurants, shops, the waterfront and commuter routes. This property presents a great investment or owner-occupancy opportunity in a desirable area of Gloucester.
Sold for $730,000
$730,000
7 Oak St, Gloucester, MA 01930
8beds
2,802sqft
3 Family
Built in 1900
-- sqft lot
$880,400 Zestimate®
$261/sqft
$2,337 Estimated rent
Home value
$880,400
$792,000 - $977,000
$2,337/mo
Zestimate® history
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Zillow last checked: 7 hours ago
Listing updated: December 03, 2024 at 12:11pm
Listed by:
Jill Michaud 978-766-8064,
Gibson Sotheby's International Realty 978-526-0243
Bought with:
Jill Michaud
Gibson Sotheby's International Realty
Source: MLS PIN,MLS#: 73282563
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Hot Water, Natural Gas, Baseboard, Electric
Appliances
- Included: Range, Refrigerator, Dishwasher
- Laundry: Washer & Dryer Hookup
Features
- Bathroom With Tub & Shower, Storage, Living Room, Kitchen, Sunroom
- Flooring: Hardwood
- Windows: Skylight(s)
- Basement: Full,Interior Entry,Bulkhead,Concrete,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 2,802
- Total interior livable area: 2,802 sqft
Property
Parking
- Total spaces: 4
- Parking features: Paved Drive, Off Street
- Uncovered spaces: 4
Features
- Patio & porch: Deck - Wood
- Waterfront features: Beach Ownership(Public)
Lot
- Size: 0.07 sqft
Details
- Parcel number: 1895252
- Zoning: R-5
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 3 Family
Materials
- Foundation: Granite
- Roof: Shingle
Condition
- Year built: 1900
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Gloucester
HOA & financial
Other financial information
- Total actual rent: 4800
Other
Other facts
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 12/2/2024 | Sold | $730,000-7.5%$261/sqft |
Source: MLS PIN #73282563 Report a problem | ||
| 10/10/2024 | Contingent | $789,000$282/sqft |
Source: MLS PIN #73282563 Report a problem | ||
| 9/28/2024 | Price change | $789,000-8.1%$282/sqft |
Source: MLS PIN #73282563 Report a problem | ||
| 9/26/2024 | Listed for sale | $859,000$307/sqft |
Source: MLS PIN #73282563 Report a problem | ||
| 9/20/2024 | Contingent | $859,000$307/sqft |
Source: MLS PIN #73282563 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,693 | $585,100 |
| 2024 | $5,693 +1.5% | $585,100 +10.5% |
| 2023 | $5,607 | $529,500 |
Find assessor info on the county website
Neighborhood: 01930
Nearby schools
GreatSchools rating
- 5/10East Veterans Elementary SchoolGrades: K-5Distance: 0.5 mi
- 4/10Ralph B O'Maley Innovation Middle SchoolGrades: 6-8Distance: 1.1 mi
- 4/10Gloucester High SchoolGrades: 9-12Distance: 0.9 mi
Schools provided by the listing agent
- Middle: O'maley
- High: Gloucester
Source: MLS PIN. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$880,400
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$880,400