CCertihomes
5 Fair Street, Gloucester, MA 01930

$550,000

4 beds 2 baths 1,538 sqft Built 19004 days on marketActive

About this home

A Two-Family home on the cusp of East and Central Gloucester is new to the market! Close to downtown with easy access to Route 128. Each unit has a private entrance with 2 beds and 1 bath, a kitchen, and in-unit laundry. This 2-unit property is a fabulous option for someone looking to live in one and rent the other. Or it’s a fantastic rental investment opportunity. A fabulous location within walking distance to downtown and right around the corner from East Veterans Elementary School. Unit 1 is vacant, Unit 2 tenant would like to stay. Showings start at Open House Friday, May 17, 4:00-6:00

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrFixed at 7.2% APR.

Your estimated payment
$4,889/mo

Real estate (PITI + HOA + PMI)
$4,647
Principal + interest$3,547
Property tax + insurance$894
PMI / 2nd mortgage$206
Utilities
$465
Heating + cooling$71
Internet + TV + phone$157
Water + sewer + garbage$58
Transportation
$112
Car insurance + maintenance$112
Other (entertainment)
$157
$4,889/mo TLC
Budget$5,389/mo
Remaining after TLC$500/mo
Purchase price
$550,000
Down payment
$27,500 (5%)
Loan amount
$522,500
APR
7.2%

Quick facts

Type
Multi Family
Style
Year built
1900
Lot size
0.05 ac
Stories
3
Heating
Natural Gas
Cooling
None
Water
Public
HOA
Annual tax
$4,075
MLS #
73238591
County
Essex

At a glance

Basement

Home features

Appliances
RangeRefrigeratorWasherDryer
Interior
Living RoomKitchenOffice/Den
Community
Public TransportationShoppingHighway AccessPublic School
Parking
Paved Drive
Flooring
Carpet, Laminate
Roof
Shingle
Sewer
Public Sewer

Schools

Elementary
East Veterans
Middle
O'maley
High
Ghs

Neighborhood — 01930

MetricThis ZIPCountyUSA
Population31,7296,444,931299,088,112
Population Change Since19907.00%7.00%20.00%
Population Density1,130786
Male15,3313,127,134147,432,321
Female16,3983,317,797151,655,844
Never Married7,4541,612,88563,775,926
Married13,1942,586,314123,120,365
Separated899247,85712,639,686
Widowed2,121363,59415,467,586
Divorced2,571436,88823,075,029
Number Of House Hold13,1842,431,591111,826,380
Average House Hold Size2.382.562.60
Medial Age41.0737.2535.46
Median House Hold Income$54,695$57,698$48,276
Average House Hold Income$67,088$75,023$63,629
P C I$28,192$29,196$24,529
M D I$45,934$48,105$41,133
A T H E$53,185$57,083$50,898
S T R5.00%5.00%
W C J81.48%81.38%77.74%
(Zip) Code
1930

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

Map & walkability

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MLSPIN

Listing information last refreshed 5/15/2024. Provided courtesy of the listing office via MLSPIN. Information deemed reliable but not guaranteed.