Movoto Real Estate
Sold on 10/10/2024
  • Exterior
  • Other
  • Kitchen
  • Entry Way
  • Bath
  • Bedroom
  • Dining
  • Living

7 Oak St, Gloucester, MA 01930

  • $806,000

    Last sold 10/10/2024 for $730K

  • 8

    bed

  • 3

    bath

  • 2,802

    Sqft ($261/Sqft)

Multi-family not for sale
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About 7 Oak St

Property type Multi-family
Neighborhood
Year built 1900
HOA fee $0/month
Movoto estimate
Property description
A fantastic opportunity for both owner-occupants and investors to acquire a well located 3-family property in Gloucester. Unit 1&2 each with three bedrooms, 1 bath, a living room, kitchen, and in-unit laundry. Unit 3 featuring 2 bedrooms, a kitchen, and a living room. Recent updates include heating systems, water heaters, and rubber roof. The common basement has been updated and offers ample storage space. Additionally, the property includes a driveway with 4 parking spots and off-street parking. Current rents are below market value, providing potential for increased rental income. Located near downtown Gloucester, you'll have easy access to restaurants, shops, the waterfront and commuter routes. This property presents a great investment or owner-occupancy opportunity in a desirable area of Gloucester.
Listed by
Listing Agent - Jill Michaud
Listing Office - Gibson Sotheby's International Realty
Source: MLS Property Information Network, Inc. mls logo
MLS#73282563 • last updated 1 year ago
Movoto checked MLS Property Information Network, Inc. for data 4 minutes ago
Overview
Heating Hot Water, Natural Gas, Baseboard, Electric
Levels/Style 6
MLS # 73282563
Type Residential Income
Status Closed
SubType 3 Family
SqFt 2802
Lot Size (SqFt) 0.07
Annual Property Tax 5693
Year Built 1900
Interior
Total # of Bathrooms 3
# Full Baths 3
Total # of Bedrooms 8
Basement Full, Interior Entry, Bulkhead, Concrete, Unfinished
Total # of Rooms 14
Laundry Washer & Dryer Hookup
Flooring Hardwood
Appliances Range, Refrigerator, Dishwasher
Interior Features Bathroom With Tub & Shower, Storage, Living Room, Kitchen, Sunroom
Window Features Skylight(s)
Exterior
Foundation Granite
Roof Shingle
Parking Desc Paved Drive, Off Street
# Parking Spaces 4
Patio/ Porch Deck - Wood
Amenities / Utilities
Sewer Public Sewer
Electricity Circuit Breakers
Water Source Public
Location
Waterfront Beach Front, Beach Ownership(Public)
County Essex
Middle School O'maley
High School Gloucester
Zoning R-5
APN 1895252
Directions Prospect Street To Mt. Vernon Then To Oak Street. Oak Street Is A One Way.
Multifamily Details
Rent Includes Unit 1(Water), Unit 2(Water), Unit 3(Water)
Net Operating Income 57600
Total Actual Rent 4800
Gross Income 57600
Lot/ Land Details
Road Surface Paved
$806K
Range: $733K-$878K
Last 30 days 
  • Dec 2024
    mls logo MLS # 73282563
  • Dec 3, 2024 Sold
    $730,000 (-7.5%)
  • Oct 10, 2024 Active
  • Sep 28, 2024 Price Change
    $789,000 (-8.1%)
  • Sep 26, 2024 Listed
  • Sep 20, 2024 Active
  • Aug 28, 2024 Listed
    $859,000 (+34.4%)
  • Feb 2022
    mls logo MLS # 72945693
  • Feb 23, 2022 Listed
    $639,000
  • 7 Oak St
    $730K
  • Central Gloucester
    $498K -19% y/y
  • 01930
    $749K -54% y/y
  • Gloucester
    $849K -21% y/y
No chart available
Statistics calculated by Movoto

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3/10
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Source: GreatSchools.org © 2026. All rights reserved.

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  • 7 Oak St
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