7 Oak Street

Gloucester, MA 01930

$730,000
Last Sold Price
8
Beds
3
Baths
2,802 Sq. Ft.
$261 / Sq. Ft.
2,802
Sq. Ft.
$261
per Sq. Ft.

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....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.
  1. Listed by Jill Michaud • Gibson Sotheby's International Realty

Property Details for 7 Oak Street

Town
Gloucester
Area
MA-Gloucester
Garage Spaces
0
Parking Spaces
4.00
Parking Spaces Total
4
LISTING UPDATED: 12/03/2024 03:11 PM

Property Details for 7 Oak Street

StatusSold
MLS #73282563
Days on Market51
Taxes$5,693 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 3 Family
Year Built1900
CountyEssex County

Building Information for 7 Oak Street

Stories6Residences3Year Built1900Building Size-Lot Size0.00 AC / 0 SF

Property Information for 7 Oak Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Current Financing: Conv. Fixed
  • Living Area: 2802.0
  • SqFt with Basement: No
  • Total Units: 3
  • Waterfront: No
  • Year Built Details: Approximate
  • Year Built Source: Public Records
Location/School
  • High School: Gloucester
  • Middle School: O'maley
Features
Interior Features
  • Appliances: Range, Refrigerator, Dishwasher
  • Basement Features: Full, Interior Access, Bulkhead, Concrete Floor, Unfinished Basement
  • Num of Baths: 3.0
  • Num of Full Baths: 3
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 3.00
  • Bathrooms Total Integer: 3
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Hardwood
  • Interior Features: Bathroom With Tub & Shower, Storage, Living Room, Kitchen, Sunroom
  • Laundry Features: Washer & Dryer Hookup
  • SpaYN: No
  • Window Features: Skylight(s)
Exterior Features
  • Exterior Features: Deck - Wood
  • Patio And Porch Features: Deck - Wood
  • Roof Material: Shingle
  • Waterfront Features: Beach Front, Beach Ownership(Public)
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Paved Drive, Off-Street
  • Open Parking: Yes
  • Parking Features: Paved Drive, Off-Street
  • Parking Features: Off-Street
Utilities
  • Electric: Circuit Breakers
  • Heating: Hot Water, Natural Gas, Baseboard, Electric
  • Heating: Yes
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Year Round: Yes
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Surface Type: Paved
Tax Information
  • Tax ID: 1895252
  • Assessments: $585,100
  • Book: 40840
  • Tax Year: 2024
  • Zoning: R-5
Building / Association Information
Living Characteristics
  • Beds Total: 8
  • Total Living Levels: 6
Other Building Characteristics
  • Foundation: Granite
Income / Expenses
  • GOI: $57,600.00
  • NOI: $57,600.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: N
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 2
  • Lease U2: N
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 3
  • Lease U3: N
  • Levels U3: 1
Rental Info
Rental Info
  • Total Actual Rent: $4,800.00

Property History for 7 Oak Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 7 Oak Street

Taxable ValueLand$117,400Additions$467,700Total$585,100
Tax Record2024$5,693 ($474 / month)
Home Facts
Baths3Total Finished SqFt2,621 SqFtAbove Grade Finished SqFt2,621 SqFtUnfinished Basement SqFt1,152 SqFtStories2Lot Size3,000 SqFtStyleTriplexYear Built1900ZoningR-5CountyESSEXAPNGLOU M:0029 B:0081 L:0000

Schools near 7 Oak Street

This home is within Gloucester School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Private - PK to 8
Rating
School
Distance
Veterans Memorial
PublicK to 5

Ralph B O'maley Middle School
Public6 to 8

Gloucester High School
Public9 to 12

St Ann School
PrivatePK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Gibson Sotheby's International Realty, Jill Michaud

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, 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., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.