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You are here:
Home Massachusetts Gloucester Multi-Family Homes for Sale

196 Washington St Gloucester, MA 01930

$649,000
3 Unit
3 Beds
3 Baths
2282 SQFT
0.04 Acre
196 Washington St
Gloucester, MA 01930

Property Description

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

Property Overview

Building Information

  • Total Units: 3
  • Total Floors: 3
  • Total Bedrooms: 3
  • Total Full Baths: 3
  • Amenities: Highway Access, Medical Facility, Park, Public Transportation, Shopping, T-Station
  • Basement Features: Full
  • Common Rooms: Kitchen, Living RM/Dining RM Combo

Financial

  • APOD Available: No
  • Gross Operating Income: 29400
  • Net Operating Income: 29400

Utilities

  • Heat Zones: 3
  • Electric Info: Circuit Breakers, Underground
  • Utility Connections: for Electric Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Floors: 3

Construction

  • Year Built: 1900
  • Type: 3 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Poured Concrete
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Wall to Wall Carpet, Wood
  • Lead Paint: Certified Treated, Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73459854
  • Last Updated: 12/05/25
  • Terms: Contract for Deed, Rent w/Option

Date Event Price Price/Sq Ft Source
12/04/2025New$649,000$284MLSPIN

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View Breakdown

Map & Resources

Hovey School

School

0.38mi

Gloucester High School

Public Secondary School, Grades: 9-12

0.44mi

St Ann Elementary

Private School, Grades: PK-8

0.6mi

Saint Ann Elementary School

Grades: 1-6

0.62mi

Ralph B O'Maley Middle School

Public Middle School, Grades: 6-8

0.71mi

Gloucester Alternative High School

Grades: 9-12

0.74mi

Watson and the Shark

Bar

0.65mi

Sandpiper Bakery

Coffee Shop & Bakery (Cafe)

0.66mi

Cafe Bischo

Cafe

0.67mi

Cafe Dolce

Cafe

0.68mi

Lone Gull Coffee House

Coffee Shop

0.72mi

Cake Ann

Cake & Cupcake & Coffee (Cafe)

0.77mi

Subway

Sandwich (Fast Food)

0.34mi

Mike's Pizza

Pizzeria

0.51mi

Gloucester Police Department

Local Police

0.78mi

Massachuetts Environmental Police

Police

1.21mi

MEP Pier

Police

1.21mi

Gloucester Fire Department

Fire Station

0.6mi

Addison Gilbert Hospital

Hospital

0.49mi

CAM Green

Museum

0.24mi

Sargent House Museum

Museum

0.63mi

Cape Ann Historical Museum

Museum

0.71mi

Cape Ann Museum

Museum

0.72mi

Maritime Gloucester

Museum

0.92mi

Gloucester Cinema

Cinema

0.69mi

New Balance Stadium

Sports Centre. Sports: American Football

0.51mi

Robinson - Sunset Rock

Land Trust Park

0.92mi

Lookout Park - Governors Hill

Municipal Park

0.29mi

Unitarian Unaversalist Churchyard

Park

0.55mi

Burnham Field

Municipal Park

0.57mi

Gus Foote Park

Park

0.6mi

Sargent House Garden

Park

0.63mi

Stacy Boulevard

Park

0.65mi

Central Gloucester Historic District

Park

0.66mi

Green Landing And Marsh

Recreation Ground

0.23mi

O Maley School

Recreation Ground

0.35mi

Cape Ann Marina

Recreation Ground

0.53mi

Cape Ann Marina

Recreation Ground

0.64mi

Cape Ann Sportsmans Club

Recreation Ground

0.72mi

Cape Ann Sportsmans Club

Recreation Ground

0.89mi

Oval Playground

Playground

0.15mi

Ganine Doucette Playground

Playground

0.76mi

Bank of America

Bank

0.68mi

BankGloucester

Bank

0.71mi

Citizens Bank

Bank

0.74mi

BankGloucester

Bank

0.75mi

TD Bank

Bank

0.82mi

Medical Library

Library

0.55mi

Gloucester Lyceum & Sawyer Free Library

Library

0.66mi

Cape Ann Historical Association Library

Library

0.72mi

Conleys drug store

Pharmacy

0.48mi

7-Eleven

Convenience

0.38mi

Railroad Variety

Convenience

0.53mi

Cape Ann Convenience

Convenience

0.68mi

Shaw's

Supermarket

0.43mi

Market Basket

Supermarket

0.85mi

Gloucester

Newburyport-Rockport

0.32mi

Seller's Representative: Debra L. Lovelace, Churchill Properties
MLS ID#: 73459854

© 2025 MLS Property Information Network, Inc.. All rights reserved.

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2025-12-05 03:30:00

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