7 Oak Street, Gloucester MA 01930

Gloucester, MA 01930
$730,000
Est. $3,885/month
8
Beds
3
Baths
2,802
Sq Ft
$261
Price/Sq Ft
0.00
Acres
1900
Year Built
3 Family
Type
50
Days on Market
Closed Listed Oct 1, 2025 • MLS# 73282563 Copied!

About this home

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.

Property Overview

Property Type
3 Family
Listing Type
For Sale
Year Built
1900
Bedrooms
8
Full Bathrooms
3
Living Area
2,802 sq ft
Total Rooms
14
Stories
3
Levels
3

Sale Statistics

Sale Overview
Original List Price: $859,000
Final Sale Price: $730,000
Difference: $129,000 (-15.0%)
Performance Metrics
85.0%
List to Sale Ratio
Sold below asking price
50
Days on Market
Average time
Price per Square Foot Analysis
Original $/sq ft: $307
Sale $/sq ft: $261
This property sold for $261 per square foot
Sale Summary

This property sold for 15.0% below the original asking price.

The property spent 50 days on market before selling.

Facts & Features

Home Facts

Type Residential Income
Style 3 Family
Year Built 1900
Living Area 2,802 sq ft
Lot Size 0.0000
Bedrooms 8
Full Baths 3
Total Rooms 14

Interior

Heating Hot Water, Natural Gas, Baseboard, Electric
Cooling None
Flooring Hardwood
Appliances Range, Refrigerator, Dishwasher
Fireplace None
Basement Full, Interior Entry, Bulkhead, Concrete, Unfinished
Laundry Washer & Dryer Hookup
Features Bathroom With Tub & Shower, Storage, Living Room, Kitchen, Sunroom

Exterior

Construction None
Architecture None
Roof Shingle
Features None
Pool None
Spa None
Fencing None
Patio/Porch Deck - Wood

Parking

Features Paved Drive, Off Street
Total Spaces 4

Utilities

Electric Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $5,693
Assessed Value $585,100

Location

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Neighborhood

7 Oak Street, Gloucester MA 01930

Gloucester, MA 01930

Walkability

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Schools

Middle School
O'maley
Rating information coming soon
High School
Gloucester
Rating information coming soon

Monthly Payment Calculator

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%
Estimated Monthly Payment $0

Payment Breakdown

Principal & Interest $0
Property Tax $474
Homeowners Insurance $200
PMI $0

Property History

Market Insights

7.5%
Price Range
51
Total Days on Market

Property Timeline

Sold
Dec 2, 2024
$730,000
Property sold
Days on Market: 51
🏠
Listed for Sale
Aug 28, 2024
$789,000
Original listing
Agent: Jill Michaud Office: Gibson Sotheby's International Realty

Price & Status History

Date Event Price Change
Aug 28, 2024 New Listing Added $789,000

Market Statistics

Days on Market
50 days
Price per Sq Ft
$261

Tax History

Year Taxes Assessment
2024 $5,693 $585,100

Financial Details

Annual Property Tax
$5,693
Tax Year 2024
Assessed Value
$585,100

Listing Information

Listing Agent Jill Michaud
Listing Office Gibson Sotheby's International Realty
Agent MLS ID CN224915
Office MLS ID AN6133

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