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Sold on 12/14/2023

40-42 Middle St, Gloucester, MA 01930

  • $2,241,433

    Last sold 12/14/2023 for $1.46M

  • 10

    bed

  • 6

    bath

  • 6,731

    Sqft ($218/Sqft)

Multi-family not for sale
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About 40-42 Middle St

Property type Multi-family
Neighborhood
Year built 1900
HOA fee $0/month
Lot size 7,557 Sqft
Movoto estimate
Property description
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.
Listed by
Listing Agent - Salvatore DiMercurio
Listing Office - Keller Williams Realty Evolution
Source: MLS Property Information Network, Inc. mls logo
MLS#73177133 • last updated 2 years ago
Movoto checked MLS Property Information Network, Inc. for data 7 minutes ago
Overview
Levels/Style 10
MLS # 73177133
Type Residential Income
Status Closed
SubType 5-9 Family
SqFt 6731
Lot Size (SqFt) 7557
Lot Size (Acres) 0.17
Annual Property Tax 10760.49
Year Built 1900
Interior
Total # of Bathrooms 6
# Full Baths 6
Total # of Bedrooms 10
Total # of Rooms 23
Exterior
Foundation Stone
# Parking Spaces 2
Lot Desc Corner Lot
Amenities / Utilities
Sewer Public Sewer
Water Source Public
Location
Waterfront Beach Front, Ocean, 1/10 To 3/10 To Beach
County Essex
Community Features Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Highway Access, Marina, Public School, T-Station
Zoning R-5
APN M:0015 B:0104 L:0000
Directions GPS
Multifamily Details
Net Operating Income 83196
Total Actual Rent 8933
Gross Income 107196
$2.24M
Range: $2.01M-$2.46M
Last 30 days 
  • Feb 2024
    mls logo MLS # 73177133
  • Feb 2, 2024 Sold
    $1,465,000 (-8.4%)
  • Dec 15, 2023 Active
    —
  • Nov 13, 2023 Price Change
    $1,599,900 (-11.1%)
  • Nov 3, 2023 Listed
    $1,799,999
  • 40-42 Middle St
    $1.46M
  • Central Gloucester
    $536K -13% y/y
  • 01930
    $749K -54% y/y
  • Gloucester
    $917K -15% y/y
No chart available
Statistics calculated by Movoto

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3/10
Beeman Memorial
public Grades K-5
Gloucester School District
3/10
Ralph B O'maley Middle School
public Grades 6-8
Gloucester School District
3/10
Gloucester High School
public Grades 9-12
Gloucester School District
Source: GreatSchools.org © 2026. All rights reserved.

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith in interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
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