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196 Washington St, Gloucester MA 01930

Gloucester, MA 01930
$649,000
Est. $3,929/month
3
Beds
3
Baths
2,282
Sq Ft
$284
Price/Sq Ft
0.04
Acres
1900
Year Built
7
Parking
25
Days on Market
Pending Listed Dec 4, 2025 • MLS# 73459854 Copied! • Updated Dec 31, 2025

About this home

Discover an excellent investment opportunity with this solid three-family property, featuring three spacious one-bedroom apartments. Each unit offers generously sized rooms and convenient in-unit washer/dryer hookups—highly desirable for today’s renters. The building is centrally located near downtown Gloucester, just a short walk to the MBTA, restaurants, shops, and everyday amenities. Off-street parking adds to the appeal, and all units are currently occupied, providing immediate income with potential for increased future returns. This is a rare chance to own a well-maintained, fully tenanted property in a prime location. First showings at the open house on December 7, 2025 11:30am to 12:30pm

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Recently Sold Nearby

Property History

Market Insights

Property Timeline

Pending Sale
Dec 9, 2025
Offer accepted, sale pending
🏠
Listed for Sale
Dec 4, 2025
$649,000
Original listing
Agent: Debra L. Lovelace Office: Churchill Properties
🏠
Listed for Sale
Dec 4, 2025
$649,000
Original listing
Agent: Debra L. Lovelace Office: Churchill Properties

Tax History

Year Taxes Assessment
2025 $5,365 $552,000

Financial Details

Annual Property Tax
$5,365
Tax Year 2025
Assessed Value
$552,000

Facts & Features

Home Facts

Type Residential Income
Style 3 Family
Year Built 1900
Living Area 2,282 sq ft
Lot Size 0.04 acres
Bedrooms 3
Full Baths 3
Total Rooms 9

Investment Metrics

Units 3
Unit 1 Rent $1,200/mo · N
Unit 2 Rent $1,250/mo · Y
Unit 3 Rent $1,200/mo
Total Monthly Rent $3,650/mo
Gross Income $43,800
Net Operating Income $43,800
Cap Rate 6.75%
Heating None
Cooling None
Flooring Wood, Carpet
Appliances None
Fireplace None
Basement Full
Laundry None
Features Kitchen, Living Rm/dining Rm Combo
Construction Frame
Architecture None
Roof Shingle
Features None
Pool None
Spa None
Fencing None
Patio/Porch Deck - Wood
Features Off Street
Total Spaces 7
Electric Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other For Electric Range

Financial

Annual Tax $5,365
Assessed Value $552,000
Fee Includes None
Amenities None
Optional Fee Includes None
Seller Disclosures Unit# 3 Was Tested For Lead Paint And Lead Paint Was Present And Mitigated.
Possession None
Accepted Financing Contract
Structure Type []
Sq Ft Source Public Record
Documents None
County Essex
Total market time (incl. prior listings) 27 days

Property Overview

Property Type
3 Family
Listing Type
For Sale
Year Built
1900
Bedrooms
3
Full Bathrooms
3
Living Area
2,282 sq ft
Total Rooms
9
Stories
3
Levels
3

Room Details

Other Floor

Bathroom1
Bedroom5
Bedroom4
Bedroom3
Dining Room
Kitchen
Bathroom2
Bedroom2
Living Room
Bathroom3
Master Bedroom
Office
Family Room
Master Bathroom

Interior Features

Flooring: Wood, Carpet
Appliances:
Interior Features: Kitchen, Living RM/Dining RM Combo
Windows:
Basement: Full
Laundry:
Security:

Construction & Materials

Year Built: 1900
Structure Type:
Exterior Materials: Frame
Roof: Shingle
Foundation: Concrete Perimeter
Stories: 3

Heating, Cooling & Utilities

Heating:
Heating Zones: 3
Cooling:
Hot Water: Natural Gas
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch: Deck - Wood
Fencing:
Other Structures:
Lot Features: Additional Land Avail.
Road Surface:

Parking & Garage

Total Parking Spaces: 7
Parking Features: Off Street
School District
Gloucester School District local
C-
🎓 Where Graduates Go Class of 2021
42% attend college
31% 4-Year 11% 2-Year 17% Out of State 14% Working
School Safety 2024-25
1.9% Average
1.9% Suspensions 0.5% In-School
3.6% below state avg
E

Elementary Schools

6 schools
Faith Christian School
1.0 mi
Grades PK-08
Gloucester PreSchool
1.1 mi
101 students Moderate
Grades PK
C
East Veterans Elementary School
1.2 mi | #651 of 824 | Score: 38.2
Dropped 58 spots from last year
-20 below state avg
451 students Diverse
Grades K-05
C-
Beeman Memorial School
1.2 mi | #701 of 824 | Score: 35.6
Dropped 172 spots from last year
-22.6 below state avg
292 students Diverse
Grades K-05
C-
West Parish School
2.0 mi | #683 of 824 | Score: 36.5
Dropped 245 spots from last year
-21.7 below state avg
382 students Less Diverse
Grades K-05
B+
Plum Cove School
3.9 mi | #322 of 824 | Score: 50.1
Improved 68 spots from last year
-8.1 below state avg
217 students Less Diverse
Rising School
Grades K-05
M

Middle Schools

1 school
C+
Ralph B O'Maley Middle School
0.8 mi | #238 of 352 | Score: 37.3
Improved 24 spots from last year
-20.9 below state avg
619 students Moderate
Rising School
Grades 06-08
H

High Schools

1 school
C+
Gloucester High School
0.4 mi | #212 of 346 | Score: 50.4
Improved 27 spots from last year
-7.8 below state avg
776 students Moderate
17 sports • 1,070 athletes
Rising School Career Tech Programs Strong Athletics
Grades 09-12
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Monthly Payment Calculator

Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
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After down payment
Total Interest
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Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $447
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
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Cost $0/mo

Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Location

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Neighborhood

196 Washington St, Gloucester MA 01930

Gloucester, MA 01930

Listing Information

Listing Agent Debra L. Lovelace
Listing Office Churchill Properties
Office Phone 978-515-7031
Agent MLS ID C8000245
Office MLS ID AN4955
Listing Data Updated Dec 31, 2025 3:05 AM EST
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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Steven Novak
Steven Novak
BMN Boston Real Estate
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