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Sold on 08/31/2021

7 Riggs, Gloucester, MA 01930

  • $1,931,000

    Last sold 08/31/2021 for $1.47M

  • 11

    bed

  • 6.5

    bath

  • 4,066

    Sqft ($362/Sqft)

Multi-family not for sale
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About 7 Riggs

Property type Multi-family
Neighborhood
Year built 1904
HOA fee $0/month
Movoto estimate
Property description
If you think you missed your opportunity to purchase this income producing property, well now is your chance. If you are looking for an investment or 1031 exchange then look no further than this multi-family property close to the ocean. One block from Stacey Boulevard and Gloucester's outer harbor and the famous Greasy pole, this property is located in close proximity to downtown and all the excitement this seacoast city has to offer. Per city of Gloucester records, this is a 4 to 8 unit building, but it is currently being utilized as a 5 unit building. Come explore the potential of this ideally located, income-producing property.
Listed by
Listing Agent - Hope Watt-Bucci
Listing Office - Coldwell Banker Realty - Manchester
Source: MLS Property Information Network, Inc. mls logo
MLS#72815719 • last updated 4 years ago
Movoto checked MLS Property Information Network, Inc. for data 7 minutes ago
Overview
Levels/Style 6
Type Multi-family
MLS # 72815719
SqFt 4066
Status Sold
SubType 5+ Family - 5+ Units Up/Down
Property Tax 8030.03
Year Built 1904
Short Sale (Y/N) No
Foreclosure (Y/N) No
Interior
# Full Baths 6, 6
# Half Baths 1
Total # of Bedrooms 11, 11
Total # of Rooms 21, 21, 21
Basement Full, Concrete Floor, Unfinished Basement
# Fireplaces 0, 0
Exterior
Foundation Granite
Exterior Vinyl
Roof Asphalt/Fiberglass Shingles
Parking Desc Off-Street
# Parking Spaces 3
Exterior Features Porch
Lot Desc Gentle Slope
Amenities / Utilities
Utilities: Hot Water Oil
Water Source City/Town Water
HOA Amenities Public Transportation, Shopping, Tennis Court, Park, Medical Facility, Laundromat, Highway Access, House Of Worship, Marina, Public School, T-Station
Location
Waterfront Ocean, Public
Distance to Beach (mi.) 0 To 1/10 Mile
County Essex
APN 1893578
Multifamily Details
# of Units 5
Unit 3 Rent 1600
Unit 4 Rent 2195
Unit 2 Rent 1600
Unit 1 Rent 2500
Lot/ Land Details
Road Type Public
$1.93M
Range: $1.66M-$2.2M
Last 30 days 
  • Jun 2021
    mls logo MLS # 72815719
  • Jun 13, 2021 Price Change
    $1,525,000 (-3.2%)
  • Apr 15, 2021 Listed
    $1,575,000 (+242.4%)
  • May 2006
    Public Records
  • May 23, 2006 Sold
    $460,000
  • 7 Riggs
    $1.47M
  • Central Gloucester
    $518K -16% y/y
  • 01930
    $749K -54% y/y
  • Gloucester
    $850K -21% 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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  • Real Estate
  • MA
  • Essex County
  • Gloucester
  • 01930
  • Central Gloucester
  • 7 Riggs
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The real estate listing data marked with this icon comes from the IDX program of the Massachusetts Multiple Listing Service™ system.
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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