OFF MARKET

Off Market Aug 2021 for $1.4M

—

Est. refi paymentEst. refi $2,550/mo

•

4,066

sq ft

7 Riggs, Gloucester, MA 01930

About this home

If you think you missed your opportunity to purchase this income producing property, well now is your chance. If you are looking for an investment or 1031 exchange then look no further than this multi-family property close to the ocean. One block from Stacey Boulevard and Gloucester's outer harbor and the famous Greasy pole, this property is located in close proximity to downtown and all the excitement this seacoast city has to offer. Per city of Gloucester records, this is a 4 to 8 unit building, but it is currently being utilized as a 5 unit building. Come explore the potential of this ideally located, income-producing property.

Multi-familyProperty Type

1904Year Built

$362Price/Sq.Ft.

3 spacesParking

Listed by Hope Watt-Bucci • Coldwell Banker Realty - Manchester

Bought with James Kousoulos • Shilalis Real Estate

Redfin checked: a minute ago

•Source:MLS PIN #72815719

Redfin Estimate

There isn’t enough information to generate an accurate estimate at this time. Learn More

Market trends in 01930, MA

Last updated August 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

98.6%

0.0% MoM

Median sale price

$725K

$20K MoM

Avg. days on market

25d

3 days MoM

Recently sold homes

17 MoM

New listings for sale

NEW 27 HRS AGO
$749,900
3 beds2 baths1,854 sq ft
49 Woodward Ave, Gloucester, MA 01930
NEW 29 HRS AGO
$579,000
2 beds1.5 baths900 sq ft
1105 Washington, Gloucester, MA 01930
OPEN SUN, 10:30AM TO 12PM
$599,000
3 beds1.5 baths1,336 sq ft
4 Lynwood, Gloucester, MA 01930
$875,000
5 beds2 baths2,530 sq ft
1 Granite Ct, Gloucester, MA 01930
OPEN SUN, 1PM TO 2:30PM
$284,900
2 beds1 bath647 sq ft
16 Cleveland Pl #8, Gloucester, MA 01930
OPEN SEP 13, 12PM TO 2PM
$2,100,000
4 beds3.5 baths3,100 sq ft
8 Orchard Rd Unit B, Gloucester, MA 01930
$325,000
Studio1 bath955 sq ft
27 Washington St #27, Gloucester, MA 01930
$699,000
4 beds2 baths1,933 sq ft
20 Marble St, Gloucester, MA 01930
See all

Provided by Redfin

Sale history for 7 Riggs

Year

Property tax

Land + Additions

Assessment*

2023

$12,254 (+49.8%)

$112,300 + $1,044,800

$1,157,100

2022

$8,182 (+2.8%)

$97,600 + $599,900

$697,500

2021

$7,963 (+8.6%)

$88,800 + $551,300

$640,100

2020

$7,333 (+13.2%)

$88,800 + $505,900

$594,700

2019

$6,477 (+4.8%)

$88,800 + $421,600

$510,400

2018

$6,179 (+2.0%)

$88,800 + $389,100

$477,900

2017

$6,058 (+12.7%)

$79,900 + $379,400

$459,300

2016

$5,376 (−0.3%)

$79,900 + $315,100

$395,000

2015

$5,392 (+5.2%)

$79,900 + $315,100

$395,000

2014

$5,127 (+3.0%)

$79,900 + $315,100

$395,000

2013

$4,976 (+3.2%)

$86,000 + $308,300

$394,300

2012

$4,823 (+6.4%)

$87,700 + $308,300

$396,000

2011

$4,531 (+0.3%)

$92,300 + $308,300

$400,600

2010

$4,518 (−1.9%)

$94,200 + $336,500

$430,700

2009

$4,606

$99,200 + $380,600

$479,800

Tax history for 7 Riggs

Year

Property tax

Land + Additions

Assessment*

2023

$12,254 (+49.8%)

$112,300 + $1,044,800

$1,157,100

2022

$8,182 (+2.8%)

$97,600 + $599,900

$697,500

2021

$7,963 (+8.6%)

$88,800 + $551,300

$640,100

2020

$7,333 (+13.2%)

$88,800 + $505,900

$594,700

2019

$6,477 (+4.8%)

$88,800 + $421,600

$510,400

2018

$6,179 (+2.0%)

$88,800 + $389,100

$477,900

2017

$6,058 (+12.7%)

$79,900 + $379,400

$459,300

2016

$5,376 (−0.3%)

$79,900 + $315,100

$395,000

2015

$5,392 (+5.2%)

$79,900 + $315,100

$395,000

2014

$5,127 (+3.0%)

$79,900 + $315,100

$395,000

2013

$4,976 (+3.2%)

$86,000 + $308,300

$394,300

2012

$4,823 (+6.4%)

$87,700 + $308,300

$396,000

2011

$4,531 (+0.3%)

$92,300 + $308,300

$400,600

2010

$4,518 (−1.9%)

$94,200 + $336,500

$430,700

2009

$4,606

$99,200 + $380,600

$479,800

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Beds

Baths

Stories

Lot width

—

Lot depth

—

Lot size

4,356 Sq. Ft.

Year renovated

—

Sq. Ft.

4,491

Year built

1904

Style

Multi-Family (5+ Unit)

County

Essex County

APN

1893578

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 20, 2023.

Property details

Parking

Parking Information
Parking Spaces: 3
Parking Features: Off Street

Interior

Bathroom Information
# of Bathrooms (Full): 6
# of Bathrooms (Half): 1

Basement Information
Basement: Full, Concrete, Unfinished

Laundry Information
Laundry Features: Washer & Dryer Hookup

Interior Features
# of Rooms (Total): 21
Interior Features: Laundry Room, Living Room, Kitchen

Unit #1 Information
# of Levels: 1
# of Floors: 1
Lease: Y

Unit #2 Information
# of Levels: 1
# of Floors: 1
Lease: Y

Unit #3 Information
# of Levels: 1
# of Floors: 2
Lease: N

Unit #4 Information
# of Levels: 1
# of Floors: 3
Lease: Y

Exterior

Building Information
Building Area (Total): 4,066
Foundation Details: Granite
Stories (Total): 6
Year Built Source: Public Records
Year Built Details: Renovated Since
Color: Tan

Exterior Features
Roof: Shingle
Patio And Porch Features: Porch

Property Information
PropertySubType: 5+ Family - 5+ Units Up/Down

Lot Information
Lot Features: Gentle Sloping
Road Frontage Type: Public

Financial

Tax Information
Tax Annual Amount: $8,030.03
Tax Year: 2021

Utilities

Utility Information
Sewer: Public Sewer
Water Source: Public

Heating & Cooling
Has Heating
Heating: Natural Gas
Heating Units: 5

Location

Location Information
Directions: Western Ave. to Middle St. to Riggs St.
UnparsedAddress: 7 Riggs, Gloucester MA 01930

Community Information
Senior CommunityYN: No
Community Features: Public Transportation, Shopping, Tennis Court(s), Park, Medical Facility, Laundromat, Highway Access, House of Worship, Marina, Public School, T-Station

Public facts

Beds: 10
Baths: 6.0
Sq. Ft.: 4,491
Stories: 3.0
Lot Size: 4,356 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1904
Year Renovated: —
County: Essex County
APN: 1893578

Home facts updated by county records on Jul 20, 2023

Other

Listing Information
Exclusions: Personal Property
StandardStatus: Closed

Around this home

Schools

East Veterans Elementary School

Public K-5 • Assigned • 1.1mi

5/10

Ralph B O'Maley Innovation Middle School

Public 6-8 • Assigned • 1.3mi

5/10

Gloucester High School

Public 9-12 • Assigned • 0.4mi

4/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

3/10 Flood Factor

Estimated 10-14% chance 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, 17 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)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 9 hours in June and 4.4 hours in December, placing it below the U.S. average for solar exposure.

9 hrs

4.4 hrs

JuneDecember

Provided by Shadowmap

Is this your home?

Track this home’s value and nearby sales activity

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New listings for sale in 01930

NEW 27 HRS AGO

$749,900

3 beds2 baths1,854 sq ft

49 Woodward Ave, Gloucester, MA 01930

NEW 29 HRS AGO

$579,000

2 beds1.5 baths900 sq ft

1105 Washington, Gloucester, MA 01930

OPEN SUN, 10:30AM TO 12PM

$599,000

3 beds1.5 baths1,336 sq ft

4 Lynwood, Gloucester, MA 01930

$875,000

5 beds2 baths2,530 sq ft

1 Granite Ct, Gloucester, MA 01930

OPEN SUN, 1PM TO 2:30PM

$284,900

2 beds1 bath647 sq ft

16 Cleveland Pl #8, Gloucester, MA 01930

OPEN SEP 13, 12PM TO 2PM

$2,100,000

4 beds3.5 baths3,100 sq ft

8 Orchard Rd Unit B, Gloucester, MA 01930

$325,000

Studio1 bath955 sq ft

27 Washington St #27, Gloucester, MA 01930

$699,000

4 beds2 baths1,933 sq ft

20 Marble St, Gloucester, MA 01930

Home values near 7 Riggs

Data from public records.

Address	Redfin Estimate
4 Riggs St, Gloucester, MA 9 Beds \| 4 Baths \| 3812 Sq. Ft.	—
12 Riggs St, Gloucester, MA 4 Beds \| 2 Baths \| 1598 Sq. Ft.	$651,204

Address	Redfin Estimate
6 Riggs St, Gloucester, MA 3 Beds \| 3 Baths \| 2000 Sq. Ft.	$660,047
14 Riggs St, Gloucester, MA 3 Beds \| 2 Baths \| 1498 Sq. Ft.	$607,764

Address	Redfin Estimate
8 Riggs St, Gloucester, MA 5 Beds \| 3 Baths \| 3304 Sq. Ft.	$898,684
11 Riggs St, Gloucester, MA 3 Beds \| 1 Baths \| 824 Sq. Ft.	$550,845

Property information provided by MLS PIN when last listed in 2021. This data may not match . Learn more.

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