For Sale
35-37 Sargent St, Gloucester, MA
Gloucester · MA 01930
- $995,000
- Price
- 16
- Beds
- 8
- Baths
- 5919
- Sq. ft.
Overview
Property type:
Multi-Family
Year built:
Built in 1900
Units:
6 Units
Lot size:
7,298 Sq.Ft Lot
Price per square foot:
$168 / Sq.Ft
Parking:
6 Off Street Spaces
About this home
Great investment opportunity in downtown Gloucester. This existing two-family property is currently occupied by two long-term tenants, providing immediate rental income while you move forward with an approved expansion project. All city approvals are in place for approximately 4,200 square feet of additional building area, comprising four townhouse-style units, each with three bedrooms and 1.5 baths. As an added benefit, the seller has already obtained a quote from a modular construction company for the four proposed units. The level and mostly cleared lot is ready for the next stage of development. Continue collecting rent from the existing units while completing the construction process. Centrally located near downtown amenities and the MBTA Commuter Rail, this property offers a compelling combination of current income and future growth potential.
Neighborhood & Transit
35-37 Sargent St, Gloucester · MA 01930
Nearby transit
Within 0.5 mile, measured straight-line to the nearest station entrance.
-
Gloucester Commuter Rail 1 route 0.33 mi
- Newburyport/Rockport Line
Price Insight
- Days on Market:
- 7 days
- Listing Price:
- $995,000
- Price per Sq.Ft:
- $168
- Tax Assessment:
- $441,500 in 2026
- Taxes:
- $343 / Monthly
Home Facts
Interior Features
- Bedrooms
- 16
- Full Bathrooms
- 6
- Half Bathrooms
- 4
- Living Area
- 5,919 Sq.Ft
- Broker Disclosure about Living Area
- Living area includes existing 1719sf from public records and 4200sf proposed additional
- Kitchen
- Unknown
- Primary Bedroom
- Unknown
- Laundry
- Unknown
- Living levels
- Unknown
- Rooms
- Unknown
- Above grade area
- 5919
- Flooring
- Unknown
- Lead paint
- Unknown
Utilities
- Heating Type
- Unknown
- Heating Zone
- Unknown
- Cooling
- Unknown
- Cooling Zones
- Unknown
- Water
- Unknown
- Sewer
- Unknown
- Electric Features
- Unknown
Exterior Features
- Lot Size
- 7,298 Sq.Ft
- Lot Description
- Unknown
- Exterior Features
- Unknown
Parking
- Garage Parking
- 0 Parking Spaces
- Off Street Parking
- 6 Parking Spaces
Construction Details
- Construction Type
- Unknown
- Siding
- Vinyl
- Roof
- Unknown
Green Features
- Electric Vehicle Charger
- Unknown
- Solar Panels
- Unknown
- Green Certified
- Unknown
- Insulation Features
- Unknown
- Energy Features
- Unknown
Listing information
- Listing agent
- Mark Ventimiglia
- Listing office
- Vadala Real Estate
- MLS PIN #
- 73595656
- Disclosure
- Property is currently a two-family, approvals in place to add 4 units for a total of 6 units, one unit to be affordable. Taxes reflect only the existing 2 family. GLA is combination of public records for existing building and proposed addition. Rents for proposed units estimated at $3200 per month.
- Disclosure
- Living area includes existing 1719sf from public records and 4200sf proposed additional