Great opportunity to own this Mixed Use Residential / Commercial property in a prime and desirable location of downtown Gloucester with Water Views!! Six total units- Five residential & One commercial that are in two separate buildings on the same lot. The Five residential units consist of 3 two bedroom apartments, 1 studio apartment and a 4 bedroom townhouse apartment. The commercial unit houses a well established breakfast restaurant and is a free standing building on the same lot. Rents are below market value. All this located on a corner lot literally down the street from Gloucester's Iconic Waterfront, Boulevard and all that downtown Gloucester has to offer! Within half a mile of the MBTA and one mile to Route 128.
Sold for $1,465,000 on 02/02/24
$1,465,000
40-42 Middle St, Gloucester, MA 01930
10beds
6,731sqft
5-9 Family
Built in 1900
-- sqft lot
$-- Zestimate®
$218/sqft
$-- Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: February 02, 2024 at 12:29pm
Listed by:
Salvatore DiMercurio,
Keller Williams Realty Evolution,
Salvatore DiMercurio
Bought with:
Shoshanah Collins
Boston Metropolitan Realty
Source: MLS PIN,MLS#: 73177133
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 6
- Full bathrooms: 6
Features
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 6,731
- Total interior livable area: 6,731 sqft
Property
Parking
- Total spaces: 2
Features
- Waterfront features: Beach Front, Ocean, 1/10 to 3/10 To Beach
Lot
- Size: 7,557 sqft
- Features: Corner Lot
Details
- Parcel number: M:0015 B:0104 L:0000
- Zoning: R-5
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5-9 Family
Materials
- Foundation: Stone
Condition
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Highway Access, Marina, Public School, T-Station
Location
- Region: Gloucester
HOA & financial
Other financial information
- Total actual rent: 8933
Services availability

Get pre-qualified for a loan
At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact to your credit score.An equal housing lender. NMLS #10287.