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Rare chance to restore this Victorian 3-family with sweeping harbor and city views. The spacious 4-bedroom owner's unit features curved walls, large rooms, and offers the best views of the harbor-some updates made, but significant work remains. Two additional 1-bed units offer strong rental potential. Apartment 2 is a one bedroom, compact and efficient, Apartment 1 features classic wood floors, trim, and a fireplace. Some baths are updated. Most of the hardwired smoke/carbon detectors are in place. A large wraparound deck overlooks Gloucester Harbor. Close to Stacey Boulevard, beaches, and shops. With its prime location and flexible layout, this property offers endless possibilities- owner occupied with rental income, condo conversion, Airbnb, or long-term rentals-this property is for those with vision and resources to bring the property back to its potential.

More Info

Basic Information

  • Contingency Financing
  • Gross Income $47,400
  • Listing Terms Contract
  • Lot Features Cleared, Gentle Sloping, Sloped
  • Mls StatusUnder Agreement
  • Parcel Number M:0216 B:0039 L:0000,1903987
  • Rent Includes Unit 1(Heat, Electric, Water, Hot Water), Unit 2(Water)
  • Road Frontage DescriptionPaved

Tax Information

  • Tax Assessed Value $956,200
  • Tax Year 2025
  • Taxes$9,294

School Information

  • Elementary SchoolGloucester
  • High SchoolGloucester
  • High School Gloucester High
  • Junior HighGloucester

Parking

  • Open Parking YN Yes
  • Parking Features Paved Drive, Off Street, Tandem
  • Parking Spaces5

Rooms

  • Bathroom5
  • Bathrooms Total Decimal 5
  • Bedrooms6
  • Full Bath5

Basic Information

  • List Price$1,059,999
  • MLS Number73466275
  • Modification Date05/19/2026
  • Property SubType3 Family
  • Purchase Contract Date02/06/2026

Location

  • Address5 Marshfield Street
  • Building Number5
  • CountyEssex
  • NeighborhoodStage Fort Park
  • StateMA
  • StreetMarshfield Street
  • SubdivisionStage Fort Park
  • TownGloucester
  • Zip01930

Building

  • BasementPartial, Interior Entry
  • Building Area Units Square Feet
  • Construction Materials Frame
  • FireplaceYes
  • Fireplace Features Wood Burning
  • Fireplaces Total 1
  • FoundationBrick/Mortar, Granite
  • Levels 5
  • Patio And Porch Features Deck, Deck - Composite
  • Rooms14
  • Stories5
  • Units3
  • Utilities For Gas Range, For Gas Oven
  • Year Built1900
  • Year Built Details Approximate
  • Year Built Source Public Records

Property

  • Acreage0.34

Interior

  • Flooring Wood, Tile, Other
  • Interior Features Kitchen, Living RM/Dining RM Combo, Living Room, Dining Room

Exterior

  • RoofShingle

Utilities

  • Electric 110 Volts
  • Heat SystemYes
  • Heating Baseboard, Natural Gas
  • Sewer Public Sewer
  • Water Source Public

Property Information

  • Building Area Source Public Records
  • Living Area 3,219
  • Lot Size Square Feet 15,000
  • Lot Size Units Acres
  • Square Feet3,219
  • View YN Yes

Amenities

  • Amenities
    • Conservation Area
    • Golf
    • Highway Access
    • House of Worship
    • Laundromat
    • Marina
    • Medical Facility
    • Park
    • Private School
    • Public School
    • Public Transportation
    • Shopping
    • T-Station
    • Tennis Court(s)
  • Appliances IncludedRange, Oven, Dishwasher, Disposal, Washer/Dryer
  • Other AmenitiesBasement, Fireplace, Golf, Tennis

Water Body

  • Waterfront Features Ocean, Beach Ownership(Public)

Legal

  • ZoningR-20

Other

  • Date Listed01/07/2026
  • Farm Land Area Units Square Feet
  • View Count19

Map Location

Driving Directions

Listed by Militello Team of eXp Realty

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