Beds7
Baths6
Sq.Ft.3,564
Year1900
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Status:
Active
Property Type:5-9 Family
MLS #:73116196
Sq. Feet:3,564
On Site:16 Days
Lot Size:0.14 Acres
County:Essex
This 2-story six (6) unit Gable style multi family has a total rentable square footage of 3,564 with a total gross square footage of 4,600 with a unit mix of five (5) one-bedrooms and one (1) two-bedroom. The property boasts original maintained wide pine floors and sheathing from King George's forest in New Hampshire and is stamped with hand forged nails. All units have decorative fireplaces and custom built-in cabinetry. Large backyard with porch and grass areas. At the back of the building is a large shed for storage. 85-87 Prospect offers investors the opportunity to own in downtown Gloucester while bringing undervalued rents to market through strategic renovations.
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Price Change History
| Date | Old Price | New Price | Percent Change |
| 6/7/2023 | $1,195,000 | $1,149,900 | -3.8% |
Community Information
Address:85 Prospect St, Gloucester, MA 01930
County:Essex
City:Gloucester
Zip Code:01930
Architecture
Bedrooms:
7
Bathrooms:
6
Year Built:1900
Stories:7
Building Area: 3564
Roof: Shingle
Foundation: Stone
Basement: Partial, Bulkhead
Parking Features: On Street
Features / Amenities
Appliances: Gas Water Heater
Fireplace Yes/No: Yes
Flooring: Hardwood, Pine
Exterior Features: Balcony, Storage, Garden
Patio And Porch: Porch, Deck, Patio
Total Rooms:19
Property Features
Lot Size:
0.14 Acres
Waterfront: Beach Front, Ocean, 0 to 1/10 Mile To Beach, Beach Ownership(Public)
Sewer: Public Sewer
Water: Public
Electric: 220 Volts
Road Frontage: Public
Zoning:R-5
Directions:Prospect is between Pleasant and Elm
Tax and Financial Info
Tax Year: 2023
Tax Annual Amount: $7,477
Gross Income: $102,300
Net Operating Income: $67,512
Operating Expense: $34,788
Total Actual Rent: $8,525
Buyer Agency Compensation: 2%%
Transaction Broker Compensation: not offer
Buyer Agent Compensation: 2%
Listing Agent/Office
Listing provided courtesy of Sara Pouladian, North Shore Realty Advisors.
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85 Prospect St Gloucester, MA 01930
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Listing Information Last Updated 6/9/2023
