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About this property
Rare opportunity to own a five-unit multifamily property in the heart of downtown Gloucester. Ideally located close to shops, restaurants, and the waterfront, this building offers beautiful views of Our Lady of Good Voyage, Gloucester Harbor, and Ten Pound Island. The property consists of five residential units, four of which will be delivered vacant, providing immediate flexibility for an owner-occupant or investor. One unit will remain occupied, lease in place til 3/31/27. The building features classic coastal character and strong long-term rental potential in one of Cape Ann’s most desirable locations. Newer roof and siding, all separate utilities, one off-street parking space, potential for more parking in rear.
Property details
| Units | 5 |
| Living area | 3,416 sqft |
| Lot size | 7,064 sqft |
| Year built | 1900 |
| Price / sqft | $366 |
| County | Essex |
| MLS # | 73499191 |
Listing status
| Days on market | 47 days |
| Listed on | April 9, 2026 |
Taxes & financials
| Annual property tax | $7,510 |
| Tax year | 2025 |
| Assessed value | $772,600 |
| Zoning | R-5 |
| Gross income (actual) | $24,000/yr |
| Net operating income (actual) | $24,000/yr |
| Total actual rent | $2,000/mo |
Building & lot
| Stories | 6 |
| Total rooms | 22 |
| Lot size | 0.16 acres |
| Garage spaces | 0 |
| Parking spaces | 1 |
| Parking | Off Street |
| Foundation | Stone |
| Roof | Shingle |
| Construction | Frame |
| Flooring | Hardwood |
Utilities & systems
| Heating | Baseboard, Natural Gas |
| Sewer | Public Sewer |
| Water | Public |
Location
More about investing in Gloucester →
Listing courtesy of Vadala Real Estate — Atlee Alman. Listing data © MLS PIN.
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Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 23 Mount Vernon St, Gloucester MA 01930 have?
It is a 5-unit multi-family property with 3,416 sqft of living area, built in 1900.
How long has 23 Mount Vernon St, Gloucester MA 01930 been on the market?
23 Mount Vernon St, Gloucester MA 01930 has been listed for 47 days (since April 9, 2026).
What is the price per unit?
At a list price of $1,250,000 across 5 units, that works out to roughly $250,000 per unit.
What are the property taxes on 23 Mount Vernon St, Gloucester MA 01930?
Annual property taxes are $7,510 (2025), on an assessed value of $772,600.
What is the price per square foot?
At $1,250,000 for 3,416 sqft, that's about $366 per square foot.
Is there parking?
1 total parking space (off street).
Where is this property located?
23 Mount Vernon St, Gloucester MA 01930 is in Gloucester, Essex County, MA 01930.
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