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186 Washington Street, Gloucester MA 01930

Active

186 Washington Street, Gloucester MA 01930

$789,900

Estimated $1,717/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $394,950

Total Rent: 64800/year

Estimated CAP Rate:

6 Bedrooms

Baths

2575

Total Parking: 4

4,052 (0.09)

Opportunity awaits at 186 Washington Street! This spacious Gloucester two-family offers a flexible layout, generous room sizes and excellent potential for an owner-occupant, investor or multi-generational buyer. Each unit features its own kitchen, full bath and comfortable living spaces, with the second-floor unit also offering a bright sunroom. Off-street parking, basement storage and convenient access to downtown Gloucester, the harbor, shops, restaurants and area beaches add to the appeal. A substantial third floor attic with multiple existing rooms provides an exciting value-add opportunity for future expansion or additional living space. The third floor requires renovation; buyers to perform their own due diligence regarding permitted uses, zoning and approvals. A unique opportunity to bring your vision to a classic Gloucester multifamily and unlock its full potential.

This home has been viewed 5 times

Last Checked: October 6th, 2026 at 7:03am (Source: MLS PIN #73564843)

Gross Income: $64,800

Gross Expenses: $5,236

Net Income Calc: $59,564

Annual Expenses for 186 Washington Street, Gloucester MA 01930

Total Gross Expenses (Calculated)$5,236/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax5236

Annual Income & Unit Breakdown for 186 Washington Street, Gloucester MA 01930

Total Gross Income (Calculated)$64,800

Unit 1

Rental Income$0

LeaseY

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

Rent Includes

General Information for 186 Washington Street, Gloucester MA 01930

Listing ID73564843

Property TypeMulti Family / 2 Family

Price789900 ($306.76/SqFt)

Style2 Family - 2 Units Up/down

CityGloucester

CountyEssex

Neighborhood(s)Ipswich

Approximate Living Area Total2575

Approximate Lot Size (Acres)0.09

Total Parking4

Garage Parking0

Year Built1900

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor SpaceCovered

ZoningR-5

Water Views

Water Views Features

Waterfront0

Waterfront FeaturesRiver

Terms

Disclosures for 186 Washington Street, Gloucester MA 01930

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsRefrigerator In Basement And Table In The Kitchen.

Financial Data Source

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Compensation Based On

Financial Information for 186 Washington Street, Gloucester MA 01930

Real Estate Taxes5236

Tax Year2026

Assessed Value$570,600

Financial Data Source

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 186 Washington Street, Gloucester MA 01930

Elementary SchoolPlum Cove School

Middle SchoolOmaley Middle School

High SchoolGloucester High School

Neighborhood(s)Ipswich

Area AmenitiesWalk/jog Trails

Contact Information for 186 Washington Street, Gloucester MA 01930

Agent

Name: Garett Webb

Office

Name: Churchill Properties

Phone: 978-515-7031

Payment Calculator

, Interest

Property Taxes 436.33

Principal & Interest 4867.11

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Churchill Properties

Garett Webb

Agent Phone

Office Phone

(978) 515-7031

Text Agent Call Agent Call Office

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    [description] => Opportunity awaits at 186 Washington Street!  This spacious Gloucester two-family offers a flexible layout, generous room sizes and excellent potential for an owner-occupant, investor or multi-generational buyer.  Each unit features its own kitchen, full bath and comfortable living spaces, with the second-floor unit also offering a bright sunroom.  Off-street parking, basement storage and convenient access to downtown Gloucester, the harbor, shops, restaurants and area beaches add to the appeal.  A substantial third floor attic with multiple existing rooms provides an exciting value-add opportunity for future expansion or additional living space.  The third floor requires renovation; buyers to perform their own due diligence regarding permitted uses, zoning and approvals.  A unique opportunity to bring your vision to a classic Gloucester multifamily and unlock its full potential.
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    [unparsed] => 186 Washington Street, Gloucester MA 01930
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EXIT

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