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$898,000
Total Beds: 7 Total Baths: 4
Total Units: 3 SQFT: 3041
LOT size: 0.21 Acres
120 Washington St
Gloucester, MA 01930
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Property Description

Owned and occupied by the same owner for decades, this 3 unit property offers an opportunity for both investors and owner occupants. Unit 1 has 4 bedrooms, a spacious living room with access to a private deck, a full kitchen, and a full bath. The lower level expands the living space with an additional kitchen, full bath & family room. Unit 2 has 2 bedrooms, while Unit 3 has 1 bedroom. Units 2 & 3 share access to a deck. All units are equipped with stoves, refrigerators, washers, and dryers. Utilities are separately metered for gas and electricity. The property includes three gas-fired hot water tanks. One forced hot water FHW boiler services Units 1 & 2, while a separate FHW boiler heats Unit 3. Two tandem parking spaces on Washington Street and an additional four-car parking area in the rear of the property, accessible via Wells Street. For commuters, the MBTA station is just a short distance away. It’s only about a half mile to Gloucester Boulevard, downtown & the high school

Property Details

Building Information

  • Total Units: 3
  • Total Floors: 4
  • Total Bedrooms: 7
  • Total Full Baths: 4
  • Amenities: Highway Access, Public Transportation, T-Station
  • Basement Features: Concrete Floor, Interior Access, Partial, Slab, Sump Pump, Walk Out
  • Common Rooms: Dining Room, Family Room, Kitchen, Living Room, Office/Den
  • Common Interior Features: Bathroom With Tub & Shower, Tile Floor
  • Common Appliances: Dishwasher, Dryer, Range, Refrigerator, Washer, Washer Hookup
  • Common Heating: Electric Baseboard, Gas, Hot Air Gravity, Hot Water Baseboard, Oil, Radiant
  • Common Cooling: None

Financial

  • APOD Available: No
  • Expenses Source: Owner Provided
  • Gross Operating Income: 20040
  • Gross Expenses: 14568
  • Water/Sewer: 4000
  • INSC: 6000
  • Net Operating Income: 5472

Utilities

  • Electric Info: 200 Amps, 220 Volts, At Street, Circuit Breakers, Underground
  • Energy Features: Insulated Doors, Insulated Windows, Storm Doors
  • 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

  • Under Lease: No
  • Floors: 1
  • Levels: 2

Unit 2 Description

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

Unit 3 Description

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

Construction

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

Other Information

  • MLS ID# 73488669
  • Last Updated: 03/27/26

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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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MLS PIN data last updated at 2026-03-27 14:09:00