Rare 6 unit investment property located in central Gloucester consists of three 2 Br 1 BA units and three 1 BR 1 BA unit. Property is in need of updating and renovations throughout. Separate heat, hot water and updated electric utilities. Paved parking for 3-4 cars off street with room to expand. Property is well located for commuters with T station and Rt. 128 nearby as well as short distance to downtown Gloucester. Recently installed fire alarm system. Some units have laundry hookups. Common basement area has some room for storage. 2 units TAW currently rented at $1000 mo. each, 4 units currently vacant. A great investment opportunity at $146,500 per unit!
Sold for $980,000 on 10/17/25
$980,000
13 1/2 Cleveland St, Gloucester, MA 01930
9beds
4,330sqft
5-9 Family
Built in 1900
-- sqft lot
$-- Zestimate®
$226/sqft
$-- Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: October 18, 2025 at 09:28am
Listed by:
Lane Team,
North Shore's Gold Coast Realty
Bought with:
Mark Ventimiglia
Vadala Real Estate
Source: MLS PIN,MLS#: 73422257
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 6
- Full bathrooms: 6
Heating
- Baseboard, Natural Gas, Individual, Unit Control, Electric
Features
- Living Room, Kitchen, Family Room, Office/Den
- Flooring: Wood, Vinyl, Varies
- Doors: Insulated Doors
- Windows: Insulated Windows
- Basement: Full,Walk-Out Access,Concrete
- Has fireplace: No
Interior area
- Total structure area: 4,330
- Total interior livable area: 4,330 sqft
- Finished area above ground: 4,330
Property
Parking
- Total spaces: 4
- Parking features: Paved Drive, Off Street, Paved
- Has uncovered spaces: Yes
Features
- Patio & porch: Deck - Roof, Deck - Wood
- Has view: Yes
- View description: City View(s)
- Waterfront features: Harbor, 1 to 2 Mile To Beach, Beach Ownership(Public)
Lot
- Size: 5,000 sqft
- Features: Corner Lot, Level
Details
- Foundation area: 1643
- Zoning: R5
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5-9 Family
Materials
- Foundation: Concrete Perimeter
- Roof: Shingle,Rubber
Condition
- Year built: 1900
Utilities & green energy
- Electric: 220 Volts, Circuit Breakers, 100 Amp Service
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Public Transportation, Shopping, Tennis Court(s), Park, Golf, Medical Facility, Laundromat, Highway Access, Marina, Public School, T-Station
Location
- Region: Gloucester
HOA & financial
Other financial information
- Total actual rent: 2000
Other
Other facts
- Road surface type: Paved