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$995,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 6 Units
  • 16 Total Beds
  • 0.17 Acres
  • Updated 1 day ago
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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.

Full Property Details for 35-37 Sargent St

General

  • Price: $995,000
  • Taxes: $4,110 (2026)
  • Status: Active
  • Type: Multi-Family
  • MLS ID: 73595656
  • Updated: 10/27/2026
  • Added to Site: 2 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 10
  • Full Bathrooms: 6
  • Half Bathrooms: 4

Bedrooms

  • Total Bedrooms: 16

Parking

  • Parking Features: Off Street

Location

  • County: Essex

Structural Information

  • Stories/Levels: 9
  • Square Feet: 5,919
  • Year Built: 1900

Lot Features

  • Lot Size (Acres): 0.17

Financial Considerations

  • Tax Amount: $4,110.37
  • Tax Year: 2026

Disclosures and Reports

  • Disclosures/Rstr.: Property is currently a two-family dwelling with all city approvals in place for 4 additional units. Taxes reflect only the existing 2 family. GLA is combination of public records for existing building and proposed addition. Rents for proposed units estimated at $3200 per month.

Listed by Vadala Real Estate, Mark Ventimiglia

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Listing agent

— 35-37 Sargent St —

  • Mark Ventimiglia

    Vadala Real Estate

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with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Price & Sales History for 35-37 Sargent St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/27/2026
Listed
$995,000
44122.22%
MLS
1/15/2015
Sold
$2,250
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 35-37 Sargent St

Year
Property Taxes
Change
Tax Assessment
Change
2026
$50
2%
$5,400
8%
2025
$49
4%
$5,000
4%
2024
$47
2%
$4,800
12%
2023
$46
7%
$4,300
16%
2022
$43
2%
$3,700
9%
2021
$42
—
$3,400
—
2020
$42
-2%
$3,400
—
2019
$43
-2%
$3,400
—
2018
$44
5%
$3,400
6%
2017
$42
-5%
$3,200
—
2016
$44
—
$3,200
—
2015
$44
5%
$3,200
—
2014
$42
—
$3,200
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 35-37 Sargent St

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with our affiliated lender
NMLS#: 1598647

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Listed by Vadala Real Estate, Mark Ventimiglia

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35-37 Sargent St, Gloucester, MA 01930 (MLS# 73595656) is a Multi-Family property with 6 units containing 16 bedrooms, 6 full bathrooms and 4 partial bathrooms. 35-37 Sargent St is currently listed for $995,000 and was received on October 27, 2026. Want to learn more about 35-37 Sargent St? Do you have questions about finding other Multi-Family real estate for sale in Gloucester? You can browse all Gloucester real estate or contact a Coldwell Banker agent to request more information.

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