35-37 Sargent St, Gloucester, MA 01930
$995,000 · For sale
- 5,919 sq ft
- Multi-Family
- Built 1900
- MLS #73595656
Great investment opportunity in downtown Gloucester. This existing two-family property is currently occupied by two long-term tenants, providing immediate rental income while you move forward with an approved expansion project. All city approvals are in place for approximately 4,200 square feet of additional building area, comprising four townhouse-style units, each with three bedrooms and 1.5 baths. As an added benefit, the seller has already obtained a quote from a modular construction company for the four proposed units. The level and mostly cleared lot is ready for the next stage of development. Continue collecting rent from the existing units while completing the construction process. Centrally located near downtown amenities and the MBTA Commuter Rail, this property offers a compelling combination of current income and future growth potential.
About this address
35-37 Sargent St is a multi-family home for sale in Gloucester, MA 01930 with 5,919 square feet, asking $995,000. It was built in 1900. It has been on our site since October 27, 2026.
At $168 a square foot, it compares with a median of $320 among the 8 other multi-family homes for sale in Gloucester with a stated size.
The whole property at this address is assessed at $430,700 for fiscal year 2026. It last sold for $185,000 in January 2015. The assessor lists a lot of 0.08 acres.
It scores 91 out of 100 for walkability, from how close everyday places are.
The closest train or subway stop is Gloucester (MBTA Newburyport/Rockport Line), about 0.3 miles away. The closest bus stop is Sheedy Park (CATA route 2), about 0.3 miles away.
The closest public schools by level are East Veterans Elementary School (0.7 miles), Ralph B O'Maley Middle (0.8 miles) and Gloucester High (0.8 miles). The district decides which school serves an address.
Listing information from MLS Property Information Network (MLS PIN), MLS #73595656, deemed reliable but not guaranteed. Prices are compared with other homes listed on this site today. Trains and buses come from the transit agencies’ published schedules and schools from the National Center for Education Statistics. Distances are straight-line. Assessed values and past sales are public records from municipal assessors, published by MassGIS. An assessed value is set for taxation and may differ from market value.
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