Fantastic Two-Family Investment Opportunity! Ideally located in a desirable neighborhood walking distance to East Veterans Elementary school, this well-maintained two-family offers an excellent opportunity for investors or buyers looking to owner-occupy while generation rental income. Unit #1 entrance is the front door home with three bedrooms upstairs on the second floor, an open concept kitchen with center island stainless steel appliances, granite countertops, hardwood floor and a full bathroom. The spacious family with stackable laundry in closet. This unit has a parking spot in the driveway and off street parking. Unit # 2 is located in the back of the house, pull in the driveway and walk in your one bedroom, a kitchen, full bathroom, pantry/storage area, and in unit laundry. The property has a sharable yard to have grills and outside table and chairs. Whether you're looking to expand your investment portfolio or get into multifamily ownership with tenants already in place, this offers versatility, convenience, and excellent potential. Don't miss this opportunity to own a two-family in a great neighborhood close commuter rail, downtown Gloucester, parks and beaches. Both units are currently occupied by tenants at will and they each pay for own Utilities.
Multi-familyProperty Type
1900Year Built
2,560 sq ftLot Size
$319Price/Sq.Ft.
4 spacesParking
Listed by Jill Michaud• Gibson Sotheby's International Realty
Central Gloucester, located between Gloucester Harbor and the Annisquam River, is a historic and walkable Gloucester neighborhood with a working waterfront and a compact downtown grid. The neighborhood’s character concentrates around Main Street at Duncan Street, where galleries, independent shops, and old-school seafood counters line the sidewalks. Cape Ann Museum anchors local art and maritime history, while Gloucester Stage Company adds a steady calendar of performances. Brick commercial blocks and clapboard houses sit beside wharves, fish piers, and pocket parks. The harborfront paths and bridges keep the salt-air geography close at hand.
Provided by Walk Score and Local Logic
Offer insights
19 Sadler Street · $620,000
$633K and above
75% chance or better to win
Why $633K+ is a strong offer
DAYS ON MARKET
36 days
The average home goes pending in 27 days.
SALE-TO-LIST
99.5%
Most homes are selling 0% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Ceiling fans
Walk-up attic
Combined tub and shower in bathroom
Kitchen
Family room
Laundry room
8 total rooms
Bathrooms
2 full bathrooms
Kitchen
Range
Dishwasher
Disposal
Microwave
Refrigerator
Laundry & utility
Washer
Dryer
Flooring
Tile
Carpet
Hardwood
Stone/ceramic tile
Heating & cooling
Natural gas heating
Window air conditioning units
Exterior features
Corner lot
1 to 2 miles to the beach
Public road frontage
Home design
2-family up/down configuration
3 stories
Parking
Off-street paved parking
4 open parking spaces (4 total parking spaces)
Construction
Concrete perimeter foundation
Built (year per public records)
Utilities
Public water
Public sewer
200+ amp electrical service
HOA & community
Community features include public transportation, shopping, parks, laundromat, highway access, house of worship, public schools, and T-station
Not a senior community
Electricity and solar
View estimated energy costs and solar savings for this home
**INVESTMENT OPPORTUNITY** This 2-unit multi-family property in downtown Gloucester offers an incredible opportunity for a beginning investor to enter the real estate market. Its prime location, versatile unit configurations, and potential for steady rental income make it an appealing prospect for those looking to build their investment portfolio in one of the most desirable markets in the Northeast. Don't miss out on the chance to own a slice of Gloucester's vibrant lifestyle and capitalize on the growing demand for rental properties in this sought-after locale. Seize the moment and make this property your next successful investment venture. Come experience the charm and potential firsthand. Property consists of a 1bed/1bath unit and a 3bed/1 unit. Off-street parking for 2-3 cars; and a backyard for fire-pits, BBQs and entertaining. Property is just a few hundred yards from the new elementary school. Low operating expenses.Tenants pay gas and electric.
MLS PIN #71164021
Dec 15, 2010
Sold
$78,000
$40/sq ft
Nov 19, 2010
Contingent
—
Nov 18, 2010
Listed
$95,000
$49/sq ft
Though once lovingly cared for this home has not been maintained for a few years. Located on a corner lot with off-street parking. Within close proximity to schools, parks and downtown. This property needs substantial work, it is being sold in ‘as is’ condition and the seller makes no representations regarding the current condition of the property.
Year
Property tax
Land + Additions
Assessment*
2023
$3,953 (+6.4%)
$103,100 + $270,200
$373,300
2022
$3,714 (+3.3%)
$89,600 + $227,000
$316,600
2021
$3,594 (+5.2%)
$81,500 + $207,400
$288,900
2020
$3,417 (+6.8%)
$81,500 + $195,600
$277,100
2019
$3,200 (+6.4%)
$81,500 + $170,700
$252,200
2018
$3,008 (+6.6%)
$81,500 + $151,100
$232,600
2017
$2,823 (+1.0%)
$73,400 + $140,600
$214,000
2016
$2,795 (+1.7%)
$73,400 + $132,000
$205,400
2015
$2,749 (+10.6%)
$73,400 + $128,000
$201,400
2014
$2,486 (+2.1%)
$73,400 + $118,100
$191,500
2013
$2,436 (+61.5%)
$80,200 + $112,800
$193,000
2012
$1,508 (−22.9%)
$81,800 + $42,000
$123,800
2011
$1,957 (+4.7%)
$86,100 + $86,900
$173,000
2010
$1,869 (+3.2%)
$87,900 + $90,300
$178,200
2009
$1,811
$92,500 + $96,100
$188,600
Public record
Beds
4
Baths
2
Stories
2
Lot width
—
Lot depth
—
Lot size
2,614 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
972
Unfinished Sq. Ft.
—
Total Sq. Ft.
972
Year built
1900
Style
Multi-Family (2-4 Unit)
County
Essex County
APN
1896124
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 20, 2023.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
7 days above 89° expected this year, 16 days in 30 years
8/10 Wind Factor
80% chance of strong winds in next 30 years
2/10 Air Factor
2 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Gloucester, MA • 01930
Average low and high temperatures (°F)
33
21
35
22
47
32
55
40
65
50
76
60
80
65
76
61
71
57
62
48
52
38
39
26
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
61/ 100
Moderate sunlight
Sunscore
There appears to be some shading by surrounding buildings, terrain, and vegetation.
7 hrs
1.3 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 19 Sadler Street
$619,187
$813 under list price of $620K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $479K to $718K.