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7 Oak Street
7 Oak Street
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Sold

7 Oak Street

7 Oak Street, Gloucester, MA 01930

$730,000
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.

8
beds

3
baths

2,802 Sq.Ft. LIVING AREA

0.07 Sq.Ft. lot

Jill Michaud

Jill Michaud

Features & Amenities

Interior

  • total bedrooms8
  • Total bathrooms3
  • full bathrooms3
  • Laundry room Washer Dryer Hookup
  • Flooring Hardwood
  • APPLIANCES Range, Refrigerator, Dishwasher
  • other interior Features Bathroom With Tub Shower, Storage, Living Room, Kitchen, Sunroom

Area & Lot

  • Status Sold
  • Living Area2,802 Sq.Ft.
  • Lot Area0.07 Sq.Ft.
  • MLS® ID73282563
  • TypeMulti-Family
  • YEAR BUILT1900
  • Water FrontageBeach Front, Beach Ownership(Public)
  • Middle SchoolO'maley
  • High SchoolGloucester

Exterior

  • STORIES6
  • water SourcePublic
  • roofShingle
  • parkingPaved Drive, Off Street
  • HEAT TYPEHot Water, Natural Gas, Baseboard, Electric
  • sewerPublic Sewer
  • SubstructureGranite

Financial

  • Sales Price$730,000
  • Real Estate Tax $5,693/yr
  • Zoning R-5

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Get assistance in determining current property value, crafting a competitive offer, writing and negotiating a contract, and much more. Contact Jill today to discuss all your real estate needs!

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