13 Flume Rd Gloucester, MA 01930
Property profile & analytics
13 Flume Rd Gloucester, MA 01930
- Investment properties
- 7,582 SF
- 0.20 lot acres
Property ID
US38-0973319
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Investment properties
Property Details for 13 Flume Rd
- Year built
- 1920
- Construction
- FRAME
- Lot size
- 0.20 lot acres
- Property size
- 7,582 SF
- Zone code
- VB
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- GLOU M:0168 B:0049 L:0000
- APU
- GLOUM0168B0049L0000
Description
This exceptional mixed-use property in Gloucester, MA, presents a unique investment opportunity. Located in the heart of Magnolia Village, this property boasts prime ocean views and offers a blend of residential and commercial spaces. The residential component includes four apartments: a three-bedroom, 2.5-bathroom unit with updated kitchen and hardwood floors, two one-bedroom units (one rented, one renovated), and a completely renovated two-bedroom penthouse. A relaxing common area ocean-view roof deck adds to the appeal. The commercial aspect comprises four retail units on Lexington Ave, three currently rented and one vacant. All retail units are responsible for their own utilities, while residential tenants benefit from included heat and hot water. The property sits on a 0.2-acre lot and features a substantial septic system capable of supporting up to 14 bedrooms. Its proximity to Kettle Cove beach, restaurants, shops, and the Magnolia Library enhances its desirability. This property offers significant potential for various uses, including condo conversion or Airbnb operation. The asking price is $1,999,999. This is a rare chance to own a thriving business and live steps from the ocean, eliminating commuting time.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,195,000
Market price range: $921k - $2.81M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $1,715,000 Current use
- AUTO REPAIR, GARAGE
- $1,815,000 Change: +6% Conversion: Difficult
- RETAIL STORES
- $1,685,000 Change: -2% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Gloucester
- County
- Essex
- State
- Massachusetts
- Longitude
- -70.7124
- Latitude
- 42.5758
- CBSA code
- 14460
- CBSA name
- BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2020
$8,969
$352,000
$695,500
$1,047,500
-
$0.00
$0.00
$0.00
