$849,000
●
Multifamily -
Off Market
5 Washington Sq
Gloucester, MA 01930
6 Beds
4 Baths
3,581 Ft²
$855,610
RealtyHop Estimate
0.78%
Since Jun 1, 2022
National-US
Primary Model
About This Property
What an amazing opportunity to buy into a Spectacular City & in a
Perfect location in the heart of Gloucester! This large 3-Family
home has so much to offer including potential for a small 4th unit
in basement ! Unit #1: Big eat in kitchen with slider to deck,
large living room, 1 full bath w/laundry & 2 large bedrooms and an
office or tiny 3rd br. 2nd unit: Eat in kitchen w/deck,
living room, 1 full bath, 2brs and a small office or tiny 3rd. 3rd
unit has eat in kitchen, deck, living room, deck, 1 full bath and 2
brs. Basement has a summer kitchen, another finished room, and a
full bath. Utilities: 1st and 2nd unit on 1 furnace and 1 oil tank.
3rd unit has separate gas furnace. All electric separate. Owner and
unit 2 will be out by closing, Unit 3 willing to stay (ask agent).
Driveway parking for at least 5 cars (mostly tandem). Great fenced
in yard. Vinyl siding, roof, and de-leading done in 2003. No rents
disclosed as it's currently family. Showings by APPOINTMENT ONLY
4/2 & 4/3
Unit Size
3,581 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$237
Property Type
Multifamily
Property Taxes
$648
HOA Dues
-
Year Built
1900
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 5 years ago (MLSPIN #72960166)
Price History
Property Highlights
Parking Available
Parking Details
Parking Features: Paved Drive, Off Street, Tandem, Paved
Interior Details
Full Bathrooms: 4
Interior Features: Unit 1(Ceiling Fans, Storage, Central Vacuum, Bathroom With Tub & Shower, Slider), Unit 2(Ceiling Fans, Bathroom With Tub & Shower), Unit 1 Rooms(Living Room, Kitchen, Office/Den), Unit 2 Rooms(Living Room, Kitchen, Office/Den)
Appliances: Unit 1(Range, Dishwasher, Refrigerator, Washer, Dryer), Unit 2(Range, Refrigerator), Tank Water Heater, Utility Connections for Electric Range, Utility Connections for Electric Oven
Flooring Type: Wood, Tile, Vinyl, Carpet, Varies Per Unit, Unit 1(undefined), Unit 2(Tile Floor, Wood Flooring)
Laundry Features: Washer Hookup
Rooms: 16
Basement: Full, Partially Finished, Walk-Out Access, Interior Entry
Exterior Details
Road Responsibility: Public Maintained Road
Year Built Source: Public Records
Year Built Details: Approximate
PropertySubType: 3 Family - 3 Units Up/Down
Stories (Total): 6
Building Area Units: Square Feet
Patio and Porch Features: Deck - Wood, Patio
Lead Paint: Certified Treated
Lot Size Area: 0.13
Lot Size Units: Acres
Lot Size Acres: 0.13
Zoning: NB
Parcel Number: 1893621
Water Source: Public
Financial Details
Tax Assessed Value: $663,200
Tax Annual Amount: $7,779
Utilities Details
Utilities: for Electric Range, for Electric Oven, Washer Hookup
Heating Type: Unit 1(Hot Water Baseboard, Oil), Unit 2(Hot Water Baseboard, Oil)
Sewer : Public Sewer
Location Details
Community Features: Public Transportation, Shopping, Tennis Court(s), Park, Laundromat, Highway Access, House of Worship, Public School, T-Station
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
07/31/2025
| |
6 Bed
|
3 Bath
|
3555 ft²
|
$1,199,000
6 Bed
3 Bath
3555 ft²
|
$1,030,000
-14.10%
01/09/2026
|
Grace Ciaramitaro
Coldwell Banker Realty - Gloucester
|
|
03/31/2022
| |
6 Bed
|
4 Bath
|
3581 ft²
|
$849,000
6 Bed
4 Bath
3581 ft²
|
$849,000
05/02/2022
|
Lillian LoGrasso
J. Barrett & Company
|
Building Info
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017