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Rare opportunity to own a five-unit multifamily property in the heart of downtown Gloucester. Ideally located close to shops, restaurants, and the waterfront, this building offers beautiful views of Our Lady of Good Voyage, Gloucester Harbor, and Ten Pound Island. The property consists of five residential units, four of which will be delivered vacant, providing immediate flexibility for an owner-occupant or investor. One unit will remain occupied, lease in place til 3/31/27. The building features classic coastal character and strong long-term rental potential in one of Cape Ann's most desirable locations. Newer roof and siding, all separate utilities, one off-street parking space, potential for more parking in rear.

More Info

Basic Information

  • Contingency Inspection
  • Gross Income $24,000
  • Mls StatusContingent
  • Parcel Number M:0030 B:0061 L:0000,1895335
  • Rent Includes Unit 1(Water)

Location

  • Address23 Mount Vernon Street
  • Building Number23
  • CountyEssex
  • StateMA
  • StreetMount Vernon Street
  • TownGloucester
  • Zip01930

Exterior

  • RoofShingle

Utilities

  • Electric Individually Metered
  • Heat SystemYes
  • Heating Baseboard, Natural Gas
  • Sewer Public Sewer
  • Water Source Public

Tax Information

  • Tax Assessed Value $772,600
  • Tax Year 2025
  • Taxes$7,510

Rooms

  • Bathroom5
  • Bathrooms Total Decimal 5
  • Bedrooms11
  • Full Bath5

Building

  • Building Area Units Square Feet
  • Construction Materials Frame
  • FoundationStone
  • Levels 6
  • Rooms22
  • Stories6
  • Units5
  • Year Built1900
  • Year Built Details Approximate
  • Year Built Source Public Records

Water Body

  • Miles to Beach2
  • Waterfront Features 1 to 2 Mile To Beach

Other

  • Date Listed04/09/2026
  • Farm Land Area Units Square Feet
  • View Count1

Parking

  • Open Parking YN Yes
  • Parking Features Off Street
  • Parking Spaces1

Basic Information

  • List Price$1,250,000
  • MLS Number73499191
  • Modification Date05/12/2026
  • Property SubType5+ Family - 5+ Units Up/Down
  • Purchase Contract Date05/11/2026

Property

  • Acreage0.16

Interior

  • Flooring Hardwood
  • Interior Features Upgraded Countertops, Bathroom With Tub & Shower, Living Room, Kitchen

Property Information

  • Building Area Source Public Records
  • Living Area 3,416
  • Lot Size Square Feet 7,064
  • Lot Size Units Acres
  • Square Feet3,416
  • View YN Yes

Map Location

Listed by Atlee Alman of Vadala Real Estate

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. (MLSPIN) from third party sources, including sellers, lessors and public records, and were compiled by MLSPIN. 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. MLSPIN 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.

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