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

5 Marshfield St Gloucester, MA 01930

$1,059,999
3 Unit
6 Beds
5 Baths
3219 SQFT
0.34 Acre
5 Marshfield St
Gloucester, MA 01930

Property Description

Rare chance to restore this Victorian 3-family with sweeping harbor and city views. The spacious 4-bedroom owner’s unit features curved walls, large rooms, and offers the best views of the harbor—some updates made, but significant work remains. Two additional 1-bed units offer strong rental potential. Apartment 2 is a one bedroom, compact and efficient, Apartment 1 features classic wood floors, trim, and a fireplace. Some baths are updated. Most of the hardwired smoke/carbon detectors are in place. A large wraparound deck overlooks Gloucester Harbor. Close to Stacey Boulevard, beaches, and shops. With its prime location and flexible layout, this property offers endless possibilities— owner occupied with rental income, condo conversion, Airbnb, or long-term rentals—this property is for those with vision and resources to bring the property back to its potential.

Property Overview

Building Information

  • Total Units: 3
  • Total Floors: 5
  • Total Bedrooms: 6
  • Total Full Baths: 5
  • Total Fireplaces: 1
  • Amenities: Conservation Area, Golf Course, Highway Access, House of Worship, Laundromat, Marina, Medical Facility, Park, Private School, Public School, Public Transportation, Shopping, T-Station, Tennis Court
  • Basement Features: Interior Access, Partial
  • Common Rooms: Dining Room, Kitchen, Living RM/Dining RM Combo, Living Room
  • Common Interior Features: Tile Floor
  • Common Appliances: Dishwasher, Disposal, Range, Wall Oven, Washer / Dryer Combo
  • Common Heating: Extra Flue, Gas, Gas, Heat Pump, Hot Air Gravity, Hot Water Baseboard

Financial

  • APOD Available: No
  • Gross Operating Income: 47400
  • Net Operating Income: 47400

Utilities

  • Electric Info: 110 Volts, On-Site
  • Utility Connections: for Gas Oven, for Gas Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Electric, Heat, Hot Water, Water
  • Under Lease: No
  • Floors: 1
  • Levels: 2

Unit 2 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 3 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 2

Construction

  • Year Built: 1900
  • Type: 3 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Brick, Granite
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Other (See Remarks), Tile, Wood
  • Lead Paint: Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73466275
  • Last Updated: 01/11/26
  • Terms: Contract for Deed, Rent w/Option

Date Event Price Price/Sq Ft Source
01/11/2026Active$1,059,999$329MLSPIN
01/07/2026New$1,059,999$329MLSPIN

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Map & Resources

Gloucester High School

Public Secondary School, Grades: 9-12

0.48mi

Hovey School

School

0.75mi

Watson and the Shark

Bar

0.89mi

Cafe Dolce

Cafe

0.88mi

Cafe Bischo

Cafe

0.92mi

Subway

Sandwich (Fast Food)

0.92mi

Fort Square Cafe

Breakfast & American Restaurant

0.84mi

Two Sisters

Breakfast & American Restaurant

0.84mi

Tonno Gloucester

Italian Restaurant

0.86mi

Gang Nam Gloucester

Korean Restaurant

0.88mi

Gloucester Police Department

Local Police

1.13mi

Gloucester Fire Department

Fire Station

0.98mi

Addison Gilbert Hospital

Hospital

1.05mi

Gloucester Cinema

Cinema

0.25mi

Sargent House Museum

Museum

0.93mi

New Balance Stadium

Sports Centre. Sports: American Football

0.44mi

Ravenswood Park

Land Trust Park

0.24mi

Stage Fort Park

Municipal Park

0.12mi

Gus Foote Park

Park

0.45mi

Stacy Boulevard

Park

0.49mi

Lookout Park - Governors Hill

Municipal Park

0.73mi

Unitarian Unaversalist Churchyard

Park

0.88mi

Freshwater Cove Landing

Municipal Park

0.88mi

St. Peter's Park

Park

0.89mi

Oval Playground

Playground

0.68mi

Cape Ann Marina

Recreation Ground

0.25mi

Cape Ann Marina

Recreation Ground

0.25mi

Green Landing And Marsh

Recreation Ground

0.86mi

Bank of America

Bank

0.87mi

Cape Ann Convenience

Convenience

0.87mi

Seller's Representative: Militello Team, eXp Realty
MLS ID#: 73466275

© 2026 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 2026-01-11 15:16:00