Overview Property Details Payment Calculator Walkability

Active

3 Lexington Ave, Gloucester MA 01930

$950,000

Estimated $13,413.60/month Calculator

Multi Family

Total Units: 1

Price Per Unit: $950,000

Total Rent: 0/year

Estimated CAP Rate: -0.80%

0 Bedrooms

Baths

13 Parking Spots

0.23 acres

Attention Contractors, Developers and savvy Investors! This is a great opportunity to obtain this 3 multifamily mixed used project in the heart of beautiful Magnolia near the beach, ready to go this season! This property has an existing first floor commercial unit alrea...

This home has been viewed 83 times

Last Updated: April 5th, 2025 at 7:08am

Gross Income: $0

Gross Expenses: $7,560

Net Income Calc: $-7,560

CAP Rate: -0.80%

Beach Front

Annual Expenses for 3 Lexington Ave, Gloucester MA 01930

Total Gross Expenses (Calculated)$7,560/year

APOD AvailableNo

Heating$0

Electricity$0

Water$0

Gas$0

Insurance$0

Sewer$0

Trash Removal$0

Repair & Maintenance$0

Management$0

Miscellaneous$0

Real Estate Tax$7,560

Annual Income & Unit Breakdown for 3 Lexington Ave, Gloucester MA 01930

Total Gross Income (Calculated)$0

Unit 1

Rental Income0

LeaseN

Bedrooms0

Bathrooms

Floor0

Levels in Unit0

HeatingNo

Rent Includes

General Information for 3 Lexington Ave, Gloucester MA 01930

Listing ID73306119

Property TypeMulti Family / 3 Family

Price$950,000 ($491.72/SqFt)

Style

CityGloucester

CountyEssex

MLS Area

Neighborhood(s)Ipswich

Approximate Living Area Total1,932 SqFt

Approximate Lot Size (Acres)0.23 acres

Total Parking13

Garage Parking

Year Built2015

Year Built SourcePublic Records

Year RenovatedN/A

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsSee Remarks

Lot FeaturesOther

Foundation Area

Foundation DescriptionConcrete Perimeter

Accessible Features

Outdoor Space

ZoningVB

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront FeaturesOcean, Beach Front, Beach Ownership(public), 0 To 1/10 Mile To Beach

Energy FeaturesInsulated Windows

Terms

Interior Features for 3 Lexington Ave, Gloucester MA 01930

Disclosures for 3 Lexington Ave, Gloucester MA 01930

Lead PaintUnknown

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourceOther

Title 5D

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$0

Total Net Income By Broker$0

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation

Facilitator Compensation

Sub-Agent Compensation

Compensation Based On

Location Information for 3 Lexington Ave, Gloucester MA 01930

Elementary School

Middle School

High School

Neighborhood(s)Ipswich

MLS Area

Area Amenities

Contact Information for 3 Lexington Ave, Gloucester MA 01930

Agent

Name: Gabriela Debenedictis

MLS ID: CN206383

Office ID: AN6220

National Association ID: 454007300

Phone: 978-879-9773

City: Gloucester

State: MA

Office

Name: Coldwell Banker Realty - Manchester

MLS Office ID: AN6220

Phone: 978-526-7572

Payment Calculator

$13,413.60 per month

30 Years Fixed, 6.75% Interest

Property Taxes $7,560.00

Principal & Interest $5,853.60

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Coldwell Banker Realty - Manchester

Gabriela Debenedictis

Agent Phone

(978) 879-9773

Office Phone

(978) 526-7572

Text Agent Call Agent Call Office

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            [description] => Attention Contractors, Developers and savvy Investors! This is a great opportunity to obtain this 3 multifamily mixed used project in the heart of beautiful Magnolia near the beach, ready to go this season! This property has an existing first floor commercial unit already built and just needs finished details inside.  With an incredible 13 nicely paved parking spots and beautiful fenced lot and landscaping.  Large basement provides plenty of space to create storage for each unit and laundry facilities. Newer septic system support the project so your utilities are ready! The ZBA approval in hand and ready to build 2 residential units on top of the existing commercial unit. Come and start building!
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                    [field_id] => 3209
                    [type] => text
                    [name] => FoundationDetails
                    [value] => Concrete Perimeter
                )

[field_3211] => Array
                (
                    [field_id] => 3211
                    [type] => number
                    [name] => GarageSpaces
                    [value] => 0
                )

[field_3216] => Array
                (
                    [field_id] => 3216
                    [type] => price
                    [name] => GrossIncome
                    [raw] => 0
                    [unit_id] => 260
                    [value] => $0
                    [price_only] => $0
                )

[field_3220] => Array
                (
                    [field_id] => 3220
                    [type] => price
                    [name] => InsuranceExpense
                    [raw] => 0
                    [unit_id] => 260
                    [value] => $0
                    [price_only] => $0
                )

[field_3222] => Array
                (
                    [field_id] => 3222
                    [type] => text
                    [name] => ListingAgreement
                    [value] => Exclusive Right To Sell
                )

[field_3223] => Array
                (
                    [field_id] => 3223
                    [type] => date
                    [name] => ListingContractDate
                    [value] => 24/10/2024
                )

[f_3225] => Array
                (
                    [field_id] => 3225
                    [type] => feature
                    [name] => LotFeatures
                    [values] => Array
                        (
                            [0] => Other
                        )

)

[field_3226] => Array
                (
                    [field_id] => 3226
                    [type] => area
                    [name] => LotSizeSquareFeet
                    [value] => 10,090 Sqft
                    [raw] => 10090
                    [unit_id] => 1
                )

[field_3230] => Array
                (
                    [field_id] => 3230
                    [type] => price
                    [name] => OperatingExpense
                    [raw] => 0
                    [unit_id] => 260
                    [value] => $0
                    [price_only] => $0
                )

[field_3231] => Array
                (
                    [field_id] => 3231
                    [type] => price
                    [name] => OriginalListPrice
                    [raw] => 950000
                    [unit_id] => 260
                    [value] => $950,000
                    [price_only] => $950,000
                )

[field_3240] => Array
                (
                    [field_id] => 3240
                    [type] => text
                    [name] => UnparsedAddress
                    [value] => 3 Lexington Ave, Gloucester MA 01930
                )

[field_3241] => Array
                (
                    [field_id] => 3241
                    [type] => price
                    [name] => WaterSewerExpense
                    [raw] => 0
                    [unit_id] => 260
                    [value] => $0
                    [price_only] => $0
                )

[field_3243] => Array
                (
                    [field_id] => 3243
                    [type] => text
                    [name] => YearBuiltDetails
                    [value] => Approximate
                )

[field_3245] => Array
                (
                    [field_id] => 3245
                    [type] => text
                    [name] => YearBuiltSource
                    [value] => Public Records
                )

[field_3248] => Array
                (
                    [field_id] => 3248
                    [type] => datetime
                    [name] => OriginalEntryTimestamp
                    [value] => 24/10/2024 19:21:00
                )

[field_3253] => Array
                (
                    [field_id] => 3253
                    [type] => number
                    [name] => MLSPIN_BEDRMS_1
                    [value] => 0
                )

[field_3254] => Array
                (
                    [field_id] => 3254
                    [type] => number
                    [name] => MLSPIN_BEDRMS_2
                    [value] => 0
                )

[field_3260] => Array
                (
                    [field_id] => 3260
                    [type] => text
                    [name] => MLSPIN_DISCLOSURE
                    [value] => N
                )

[field_3261] => Array
                (
                    [field_id] => 3261
                    [type] => number
                    [name] => MLSPIN_F_BTHS_1
                    [value] => 0
                )

[field_3262] => Array
                (
                    [field_id] => 3262
                    [type] => number
                    [name] => MLSPIN_F_BTHS_2
                    [value] => 0
                )

[field_3265] => Array
                (
                    [field_id] => 3265
                    [type] => price
                    [name] => MLSPIN_GRE
                    [raw] => 0
                    [unit_id] => 260
                    [value] => $0
                    [price_only] => $0
                )

[field_3266] => Array
                (
                    [field_id] => 3266
                    [type] => price
                    [name] => MLSPIN_HTE
                    [raw] => 0
                    [unit_id] => 260
                    [value] => $0
                    [price_only] => $0
                )

[field_3267] => Array
                (
                    [field_id] => 3267
                    [type] => number
                    [name] => MLSPIN_H_BTHS_1
                    [value] => 0
                )

[field_3268] => Array
                (
                    [field_id] => 3268
                    [type] => number
                    [name] => MLSPIN_H_BTHS_2
                    [value] => 0
                )

[field_3272] => Array
                (
                    [field_id] => 3272
                    [type] => text
                    [name] => MLSPIN_LEAD_PAINT
                    [value] => Unknown
                )

[field_3273] => Array
                (
                    [field_id] => 3273
                    [type] => number
                    [name] => MLSPIN_LEVELS_1
                    [value] => 0
                )

[field_3274] => Array
                (
                    [field_id] => 3274
                    [type] => number
                    [name] => MLSPIN_LEVELS_2
                    [value] => 0
                )

[field_3277] => Array
                (
                    [field_id] => 3277
                    [type] => text
                    [name] => MLSPIN_MAIN_LO
                    [value] => AN6181
                )

[field_3280] => Array
                (
                    [field_id] => 3280
                    [type] => number
                    [name] => MLSPIN_MARKET_TIME_PROPERTY
                    [value] => 162
                )

[field_3281] => Array
                (
                    [field_id] => 3281
                    [type] => price
                    [name] => MLSPIN_MGF
                    [raw] => 0
                    [unit_id] => 260
                    [value] => $0
                    [price_only] => $0
                )

[field_3282] => Array
                (
                    [field_id] => 3282
                    [type] => price
                    [name] => MLSPIN_MSE
                    [raw] => 0
                    [unit_id] => 260
                    [value] => $0
                    [price_only] => $0
                )

[field_3285] => Array
                (
                    [field_id] => 3285
                    [type] => price
                    [name] => MLSPIN_OPTIONAL_FEE
                    [raw] => 0
                    [unit_id] => 260
                    [value] => $0
                    [price_only] => $0
                )

[field_3290] => Array
                (
                    [field_id] => 3290
                    [type] => price
                    [name] => MLSPIN_PRICE_PER_SQFT
                    [raw] => 491.72
                    [unit_id] => 260
                    [value] => $492
                    [price_only] => $492
                )

[field_3292] => Array
                (
                    [field_id] => 3292
                    [type] => price
                    [name] => MLSPIN_RFS
                    [raw] => 0
                    [unit_id] => 260
                    [value] => $0
                    [price_only] => $0
                )

[field_3293] => Array
                (
                    [field_id] => 3293
                    [type] => price
                    [name] => MLSPIN_RME
                    [raw] => 0
                    [unit_id] => 260
                    [value] => $0
                    [price_only] => $0
                )

[field_3295] => Array
                (
                    [field_id] => 3295
                    [type] => select
                    [name] => MLSPIN_WATERVIEW_FLAG
                    [value] => No
                )

[field_3296] => Array
                (
                    [field_id] => 3296
                    [type] => select
                    [name] => OpenParkingYN
                    [value] => 1
                )

[field_3301] => Array
                (
                    [field_id] => 3301
                    [type] => select
                    [name] => RoomMasterBathroomFeatures
                    [value] => Yes
                )

[field_3306] => Array
                (
                    [field_id] => 3306
                    [type] => price
                    [name] => GrossScheduledIncome
                    [raw] => 0
                    [unit_id] => 260
                    [value] => $0
                    [price_only] => $0
                )

[field_3307] => Array
                (
                    [field_id] => 3307
                    [type] => number
                    [name] => MLSPIN_FLRS_1
                    [value] => 0
                )

[field_3308] => Array
                (
                    [field_id] => 3308
                    [type] => number
                    [name] => MLSPIN_FLRS_2
                    [value] => 0
                )

[field_3311] => Array
                (
                    [field_id] => 3311
                    [type] => number
                    [name] => BRE_Total_Parking
                    [value] => 13
                )

[f_3313] => Array
                (
                    [field_id] => 3313
                    [type] => feature
                    [name] => WindowFeatures
                    [values] => Array
                        (
                            [0] => Insulated Windows
                        )

)

[field_3317] => Array
                (
                    [field_id] => 3317
                    [type] => textarea
                    [name] => Title5
                    [value] => D
                )

[field_3320] => Array
                (
                    [field_id] => 3320
                    [type] => boolean
                    [name] => Waterfront
                    [value] => No
                )

[field_3323] => Array
                (
                    [field_id] => 3323
                    [type] => text
                    [name] => Levels In Unit
                    [value] => 1
                )

)

[unit_level] => 
    [levels_in_unit] => 2024-10-24
    [construction_status] => 
    [laundry_features] => Array
        (
        )

[outdoor_space_available] => Array
        (
        )

[building_name] => 
    [pet_policy] => Array
        (
        )

[building_management] => Array
        (
        )

[number_of_units] => 1
    [units_owner_occupied] => 0
    [parking_features] => Array
        (
        )

[building_amenities] => Array
        (
        )

[owner_occupancy_source] => 
    [documents_available] => Array
        (
        )

[optional_price] => 0
    [optional_fee_includes] => Array
        (
        )

[structure_type] => Array
        (
        )

[complex_complete] => Array
        (
        )

[available_date] => 
    [available_now] => Yes
    [date_available_note] => 
    [first_month_required] => Array
        (
        )

[last_month_required] => Array
        (
        )

[deposit_required] => Array
        (
        )

[deposit_amount] => Array
        (
            [0] => $0
        )

[insurance_required] => Array
        (
        )

[references_required] => Array
        (
        )

[rent_includes] => Array
        (
        )

[lease_term] => Array
        (
        )

[interior_features] => Array
        (
        )

[entry_level] => Array
        (
        )

[cooperating_agent_commission] => Array
        (
        )

[property_sub_type] => Array
        (
            [0] => 3 Family
        )

[number_of_lots] => Array
        (
        )

[gas] => Array
        (
        )

[cultivation_acres] => None
    [pasture_area] => None
    [timber_acres] => None
    [perc_test] => Array
        (
        )

[perc_test_date] => Unknown
    [association_required] => Array
        (
        )

[view] => Array
        (
        )

[deqe] => 
    [real_estate_tax] => $7,560
    [total_gross_income] => 0
    [total_gross_expense] => 7560
    [net_income_calc] => -7560
    [cap_rate] => -0.80%
    [apod_available] => Array
        (
            [0] => No
        )

[heating_expense] => Array
        (
            [0] => $0
        )

[electric_expense] => Array
        (
            [0] => $0
        )

[water_expense] => Array
        (
            [0] => $0
        )

[gas_expense] => Array
        (
            [0] => $0
        )

[insurance_expense] => Array
        (
            [0] => $0
        )

[sewer_expense] => Array
        (
            [0] => $0
        )

[trash_expense] => Array
        (
            [0] => $0
        )

[repair_maintenance_expense] => Array
        (
            [0] => $0
        )

[management_expense] => Array
        (
            [0] => $0
        )

[miscellaneuos_expense] => Array
        (
            [0] => $0
        )

[unit_1_rent] => Array
        (
            [0] => 0
        )

[unit_1_lease] => Array
        (
            [0] => N
        )

[unit_1_bedrooms] => 0
    [unit_1_bathrooms] => 
    [unit_1_floor] => 0
    [unit_1_levels] => 0
    [unit_2_rent] => Array
        (
            [0] => 0
        )

[unit_2_lease] => Array
        (
            [0] => N
        )

[unit_2_bedrooms] => 0
    [unit_2_bathrooms] => 
    [unit_2_floor] => 0
    [unit_2_levels] => 0
    [unit_3_rent] => Array
        (
        )

[unit_3_lease] => Array
        (
        )

[unit_3_bedrooms] => 
    [unit_3_bathrooms] => 
    [unit_3_floor] => 
    [unit_3_levels] => 
    [unit_4_rent] => Array
        (
        )

[unit_4_lease] => Array
        (
        )

[unit_4_bedrooms] => 
    [unit_4_bathrooms] => 
    [unit_4_floor] => 
    [unit_4_levels] => 
    [hot_water] => Array
        (
        )

[basement] => Array
        (
        )

[foundation_materials] => Array
        (
            [0] => Concrete Perimeter
        )

[patio_and_porch] => Array
        (
        )

[zoning_details] => 
    [terms] => Array
        (
        )

[financial_data_source] => Array
        (
        )

[operating_expense] => Array
        (
            [0] => $0
        )

[gross_income] => Array
        (
            [0] => $0
        )

[net_operating_income] => Array
        (
            [0] => $0
        )

[short_sale] => 
    [price_per_unit] => 950000
)

EXIT

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