$995,000
35-37 Sargent St
Gloucester, MA, 01930
Great investment opportunity in downtown Gloucester. This existing two-family property is currently occupied by two long-term tenants, providing immediate rental income while you move forward with an approved expansion project. All city approvals are in place for approximately 4,200 square feet of additional building area, comprising four townhouse-style units, each with three bedrooms and 1.5 baths. As an added benefit, the seller has already obtained a quote from a modular construction company for the four proposed units. The level and mostly cleared lot is ready for the next stage of development. Continue collecting rent from the existing units while completing the construction process. Centrally located near downtown amenities and the MBTA Commuter Rail, this property offers a compelling combination of current income and future growth potential.
Property Details
Price:
$995,000
MLS #:
73595656
Status:
Active
Beds:
16
Baths:
8
Type:
Multi Family
Subtype:
5-9 Family
Listed Date:
Oct 27, 2026
Finished Sq Ft:
5,919
Total Sq Ft:
5,919
Lot Size:
7,298 sqft / 0.17 acres (approx)
Year Built:
1900
Units:
6
Schools
Interior
Above Grade Finished Area
5919
Bathrooms
6 Full Bathrooms, 4 Half Bathrooms
Levels
9
Exterior
Community Features
Public Transportation, Highway Access
Lot Features
Corner Lot, Level
Open Parking Spaces
6
Parking Features
Off Street
Parking Spots
6
Parking Total
6
Roof
Shingle
Stories
9
Waterfront Features
1 to 2 Mile To Beach
Financial
Tax Year
2026
Taxes
$4,110
Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…
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Map
Current real estate data for Multi Family in Gloucester as of Nov 08, 2026
13
Multi Family Listed
68
Avg DOM
381
Avg $ / SqFt
$1,064,908
Avg List Price
Community
- Address35-37 Sargent St Gloucester MA
- CityGloucester
- CountyEssex
- Zip Code01930
Subdivisions in Gloucester
Similar Listings Nearby
Property Summary
- 35-37 Sargent St Gloucester MA is a Multi Family for sale in Gloucester, MA, 01930. It is listed for $995,000 To schedule a showing of MLS#73595656 at 35-37 Sargent St in Gloucester, MA, contact your Pegasus Realty LLC agent at 781-858-3505.
Courtesy of Vadala Real Estate. 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 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.
35-37 Sargent St
Gloucester, MA