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$1,059,999
Total Beds: 6 Total Baths: 5
Total Units: 3 SQFT: 3219
LOT size: 0.34 Acres
5 Marshfield St
Gloucester, MA 01930
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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 Details

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

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Map

Seller's Representative: Militello Team, eXp Realty
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2026-01-11 15:16:00