Active Under Contract
29 Days on market
20 Shepherd St Gloucester — Photo 1 of 41

20 Shepherd St Gloucester — Photo 1 of 41

$799,000

20 Shepherd St, Gloucester, MA 01930

Gloucester, MA 01930

Beds

6

Baths

3

SqFt

2,904

Style

3 Family

Built

1900

Well-maintained three-family property offering an excellent investment or owner-occupant opportunity in desirable Gloucester. All three units feature two bedrooms and one full bath, providing functional layouts with strong rental appeal. Driveway offers off-street parking for multiple vehicles. Current rents are below market value, presenting excellent potential for increased cash flow. Conveniently located near downtown Gloucester, shopping, restaurants, beaches, the waterfront, Route 128, and the MBTA commuter rail. A fantastic opportunity to own a well-kept, income-producing property with room for future growth.

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$275/sqft
Local Avg (Gloucester)$548/sqft
50% BelowMarket Average

* Analysis is based on 15 actively listed and recently sold comparable properties strictly within Gloucester, MA.

Property Details

Financials

Original Price$799,000
Annual Taxes$6,197

Parking

Garage0
Off-Street5

Interior Specifications

Total Rooms12
FireplacesNone
Flooring--
BasementNone

Climate & Utilities

HeatingElectric
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
RoofShingle
FoundationStone
ZoningR-5

Property & Lot

Acres0.11
SqFt Lot4,750
Lot FeaturesOther

Amenities & Appliances

Range • Refrigerator

Neighborhood

Public Transportation • Shopping • Park • Laundromat • Highway Access • Public School

Geography

Population

30,075

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$84K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

36.0%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Essex County

992 housing units permitted in the last 12 months (-15% vs the prior 12 months) — 515 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jun '26)

Listing Provided By

Listing Agent: Salvatore Dimercurio

Listing Office: Keller Williams Realty Evolution

MLS® Number: 73561763

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