Property profile

23 Dl Ave Gloucester, MA 01930

OFF-MARKET
Investment properties
Property ID
US38-1110501
4,200 SF 0.21 ac lot Built 1900
Entity Owned 8-yr Hold
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Property summary

AI-generated overview

This exceptional Gloucester property presents a unique investment opportunity. The building boasts three separate office spaces on the ground floor, ideal for a variety of businesses or professional uses. High visibility from its location in bustling downtown Gloucester ensures excellent exposure. The upper levels feature two spacious two-bedroom apartments, providing significant rental income potential or comfortable living quarters. The property's convenient downtown location offers easy access to shopping, dining, and entertainment options. Commuting to Boston is also simplified with nearby train access. The design allows for seamless work-from-home integration, with separate entrances for the office spaces ensuring privacy and convenience. A grand staircase connects the office and residential areas. Ample parking is available, including a two-car garage, addressing a common challenge in urban settings. The 0.21-acre lot provides additional space and potential for future development. This property offers a blend of commercial and residential uses, making it an attractive investment for those seeking a versatile and high-return property in a desirable location. The combination of office space, residential units, and ample parking makes this a truly unique and valuable asset.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1900
Construction FRAME
Total area 4,200 SF
Lot 0.21 ac (9,024 SF)
Zoning code CB
APN GLOU M:0014 B:0025 L:0000
UPID US38-1110501

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Landscaping General Contractor
  • Insurance Agency
  • Insurance Agency
  • Tax Preparation

Location

23 Dl Ave Gloucester, MA 01930-5924
Gloucester metro Census 221500 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$859k
Blend (final) Blend
$685k

Owner & transaction history

since 2018
5 recorded transactions
2025
Price N/A
2018
$750,000
1999
Price N/A
1990
Price N/A
1989
Price N/A

Zoning & alternative use

CB · Gloucester, MA
Zoning description

The Central Business District is located on either side of Main Street, A broad range of business, retail, office and institutional uses are allowed, as are residential units above retail establishments, This is the city…

General category CIVIC_INSTITUTIONAL
Top alternative use upside
Office building $1.1M +13.7%
Auto repair, garage $1.0M +6.0%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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