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10-unit downtown Gloucester, consisting of 7 residential units & 3 commercial units w/ strong in-place income and long-term upside. The property generates approximately $262,920 in gross annual income w/ operating expenses of ~$71,000, delivering an attractive 7.4% cap rate; increasingly difficult to find in today’s market. Lead compliant certificates for 7 residential units. This asset has been significantly improved, featuring a new roof, updated siding, newer windows, and a rebuilt rear deck, minimizing near-term capital expenditures. Highly walk-able downtown location, tenants benefit from proximity to shops, restaurants, the waterfront, and public transportation ...supporting strong rental demand across both residential and commercial units. Ideal for an investor seeking stable cash flow with upside, or a 1031 exchange buyer looking to trade into a larger, higher-performing asset in a prime coastal market.

MLS Property Information Network (MLS PIN), MLS#: 73601539
Listed By: Aluxety, Stephen Martin

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Bedrooms

  • Total Bedrooms: 14

Bathrooms

  • Full bathrooms: 10

Basement

  • Partial
  • Crawl Space
  • Sump Pump

Community Features

  • Public Transportation
  • Shopping
  • Walk/Jog Trails
  • Medical Facility
  • Laundromat
  • Highway Access
  • Public School
  • T-Station

Construction Materials

  • Frame

Foundation Details

  • Stone
  • Brick/Mortar
  • Granite

Levels

  • 5

Lot Features

  • Zero Lot Line

Parking Features

  • On Street

Patio and Porch Features

  • Deck

Road Frontage Type

  • Public

Roof

  • Shingle
  • Rubber

Sewer

  • Public Sewer

Waterfront Features

  • Harbor
  • Ocean
  • 1/2 to 1 Mile To Beach
  • Beach Ownership(Public)

WaterSource

  • Public
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Listed By:
Aluxety
Stephen Martin

Data Source: MLS Property Information Network (MLS PIN)

MLS#: 73601539

Data Source Copyright: © 2026 MLS Property Information Network (MLS PIN) All rights reserved.

© 2026 MLS Property Information Network (MLS PIN). All rights reserved.

This property was listed on 11/12/2026 and last updated as of 11/12/2026 5:38:09 PM. OSI IDX updated the data from MLS Property Information Network (MLS PIN) on 11/12/2026 at 1:15 PM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.