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40-42 Middle St, Gloucester, MA

Gloucester · MA 01930

$1,465,000
Price
10
Beds
6
Baths
6731
Sq. ft.

Overview

Property type: Multi-Family
Year built: Built in 1900
Units: 6 Units
Lot size: 7,557 Sq.Ft Lot
Price per square foot: $238 / Sq.Ft
Parking: 2 Off Street Spaces

About this home

Great opportunity to own this Mixed Use Residential / Commercial property in a prime and desirable location of downtown Gloucester with Water Views!! Six total units- Five residential & One commercial that are in two separate buildings on the same lot. The Five residential units consist of 3 two bedroom apartments, 1 studio apartment and a 4 bedroom townhouse apartment. The commercial unit houses a well established breakfast restaurant and is a free standing building on the same lot. Rents are below market value. All this located on a corner lot literally down the street from Gloucester's Iconic Waterfront, Boulevard and all that downtown Gloucester has to offer! Within half a mile of the MBTA and one mile to Route 128.

Neighborhood & Transit

40-42 Middle 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:
1096 days
Listing Price:
$1,599,900
Price per Sq.Ft:
$238
Tax Assessment:
$1,016,100 in 2023
Taxes:
$897 / Monthly

Home Facts

Interior Features

Bedrooms
10
Full Bathrooms
6
Half Bathrooms
0
Living Area
6,731 Sq.Ft
Kitchen
Unknown
Primary Bedroom
Unknown
Laundry
Unknown
Living levels
Unknown
Rooms
Unknown
Above grade area
6731
Flooring
Unknown
Lead paint
Certified Treated, Unknown

Utilities

Heating Type
Unknown
Heating Zone
Unknown
Cooling
Unknown
Cooling Zones
Unknown
Water
Unknown
Sewer
Unknown
Electric Features
Unknown

Exterior Features

Lot Size
7,557 Sq.Ft
Lot Description
Unknown
Exterior Features
Unknown

Parking

Garage Parking
0 Parking Spaces
Off Street Parking
2 Parking Spaces

Construction Details

Construction Type
Unknown
Siding
Unknown
Roof
Unknown

Green Features

Electric Vehicle Charger
Unknown
Solar Panels
Unknown
Green Certified
Unknown
Insulation Features
Unknown
Energy Features
Unknown

Listing information

Listing agent
Salvatore DiMercurio
Listing office
Keller Williams Realty Evolution
MLS PIN #
73177133
Disclosure
Property is being sold as-is with all tenants in place. Property is in the Gloucester's Historic District. No Common Eletrical panel. Easement agreement & grant of easement -see attached on paper clip. Restaurant business not for sale-See lease attached.2nd Bedroom in Unit #3L does not have a closet