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$798,000
Total Beds: 6 Total Baths: 3
Total Units: 3 SQFT: 2598
LOT size: 0.07 Acres
50 Warner Street
Gloucester, MA 01930
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Property Description

This three-unit property is located approximately half a mile from the MBTA train station and offers convenient nearby access to shopping and amenities at Gloucester Crossing, including a grocery store. Two of the three units are subject to HUD 80% rent and income restrictions. The 2026 HUD rent limits (must include utilities) and 2025 income limits are available from the listing agent. The full basement features exterior access and includes a heated room previously used by the owner as an office. The driveway provides tandem parking for two vehicles. The bright and sunny third-floor two-bedroom unit is currently vacant. The property includes Power Purchase solar panels. The panels are neither leased nor owned by the property owner; instead, the owner purchases the electricity generated by the system for use in the building. Common laundry area in basement for use by all tenants. The two occupied units have TAW Agreements

Property Details

Building Information

  • Total Units: 3
  • Total Floors: 3
  • Total Bedrooms: 6
  • Total Full Baths: 3
  • Amenities: House of Worship, Public School, Public Transportation, T-Station
  • Basement Features: Concrete Floor, Full, Interior Access, Unfinished Basement, Walk Out
  • Common Rooms: Kitchen, Living Room, Office/Den, Sunroom
  • Common Interior Features: Bathroom With Tub & Shower, Lead Certification Available, Tile Floor
  • Common Appliances: Microwave, Range, Refrigerator, Washer Hookup
  • Common Heating: Active Solar, Electric, Electric Baseboard, Electric Baseboard, Forced Air, Gas, Hot Air Gravity, Hot Water Baseboard, Hot Water Radiators, Oil, Radiant, Space Heater
  • Common Cooling: None

Financial

  • APOD Available: Yes
  • Expenses Source: Owner Provided
  • Gross Operating Income: 21600
  • Gross Expenses: 3605
  • Electric Expenses: 3000
  • Water/Sewer: 3548
  • INSC: 3605
  • Net Operating Income: 21600

Utilities

  • Heat Zones: 3
  • Electric Info: 220 Volts, At Street, Circuit Breakers, Individually Metered, Underground
  • Energy Features: Insulated Windows
  • Utility Connections: Washer Hookup, for Electric Dryer, for Electric Range, for Gas Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

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

Unit 2 Description

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

Unit 3 Description

  • Included in Rent: Heat, Water
  • Under Lease: No
  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1900
  • Type: 3 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Brick, Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Hardwood, Laminate, Tile, Wood
  • Lead Paint: Certified Treated, Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73485467
  • Last Updated: 03/24/26
  • Terms: Contract for Deed, Rent w/Option

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Map

Seller's Representative: Ruth Pino, RE/MAX Beacon
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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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 2026-03-24 21:19:00