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Sold on 01/30/2024

5 Wells St, Gloucester, MA 01930

$622,000

Last sold 01/30/2024 for $797K

  • 6

    bed

  • 3

    bath

  • 2,985

    Sqft ($267/Sqft)

Multi-family not for sale
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About 5 Wells St

Property type Multi-family
Neighborhood
Year built 1900
HOA fee $0/month
Lot size 5,386 Sqft
Movoto estimate
Property description
Cute three family! Welcome home to Gloucester! Located 1 block from Gloucester train station, and .05 miles to the Boulevard. Two separate buildings gives you versatile living space. Great owner occupied. Rooms are spacious and there is basement storage. Rents are below market. All tenants are at will. Unit 1, stand alone single-family brown house, has updated kitchen and cabinets. Unit 2, at street level of white house- updated kitchen, bathroom and spray foam insulation. Attic and basement storage with wraparound porch. Unit 3, has updated kitchen, private patio. Unit 3 Vacant as of March 1. All units have updated electrical and their own Laundry. All separate utilities. Off street parking for 5+ cars. Close proximity to Rt. 128 and public transportation, as well as Gloucester's famous restaurant and music scene. Could this be your someplace special?
Listed by
Listing Agent - Nathan Seavey
Listing Office - Leading Edge Real Estate
Source: MLS Property Information Network, Inc. mls logo
MLS#73196214 • last updated 2 years ago
Movoto checked MLS Property Information Network, Inc. for data 8 minutes ago
Overview
Heating Oil, Natural Gas, Electric
Levels/Style 5
MLS # 73196214
Type Residential Income
Status Closed
SubType 3 Family
SqFt 2985
Lot Size (SqFt) 5386
Lot Size (Acres) 0.12
Annual Property Tax 6680
Year Built 1900
Interior
Total # of Bathrooms 3
# Full Baths 3
Total # of Bedrooms 6
Total # of Rooms 18
Interior Features Living Room, Dining Room, Kitchen, Laundry Room, Office/Den, Sunroom, Living RM/Dining RM Combo
Exterior
Foundation Concrete Perimeter, Stone
Parking Desc Shared Driveway, Off Street, Tandem
# Parking Spaces 5
Amenities / Utilities
Sewer Public Sewer
Electricity Circuit Breakers, 200+ Amp Service, Individually Metered
Water Source Public
Location
Waterfront Beach Front, 1/2 To 1 Mile To Beach
County Essex
Zoning R-5
APN M:0017 B:0078 L:0000, 1894390
Directions Washington To Commonwealth To Wells
Multifamily Details
Net Operating Income 17400
Total Actual Rent 3750
Gross Income 17400
$622K
Range: $516K-$727K
Last 30 days 
  • Mar 2024
    mls logo MLS # 73196214
  • Mar 1, 2024 Sold
    $797,000 (+7.8%)
  • Feb 2, 2024 Active
    —
  • Jan 24, 2024 Listed
    $739,000
  • Year Property taxes Tax assessment
  • 2025
    $6,680
    $686,500
  • 2024
    $6,680 +0.6%
    $686,500 +9.51%
  • 2023
    $6,639 +5.0%
    $626,900 +16.35%
  • 2022
    $6,320 +3.5%
    $538,800 +9.8%
  • 2021
    $6,104 +3.7%
    $490,700 +2.81%
  • 2020
    $5,885 +7.4%
    $477,300 +10.54%
  • 2019
    $5,480 +6.7%
    $431,800 +8.68%
  • 2018
    $5,137 +5.4%
    $397,300 +7.49%
  • 2017
    $4,875 +4.4%
    $369,600
  • 2016
    $4,670 +4.1%
    —
  • 2015
    $4,487
    —
  • 5 Wells St
    $797K
  • Central Gloucester
    $536K -14% y/y
  • 01930
    $749K -54% y/y
  • Gloucester
    $849K -22% 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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