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You are here:
Home Massachusetts Gloucester Multi-Family Homes for Sale

368 Essex Ave Gloucester, MA 01930

23 Days on Boston Pads
31 Photos
$1,499,000
3 Unit
7 Beds
3 Baths
3831 SQFT
3.70 Acre
368 Essex Ave
Gloucester, MA 01930

Property Description

Investors, developers, and homesteading enthusiasts — take note! Rare opportunity to acquire a 3.7-acre parcel in highly desirable West Gloucester. Includes a spacious three-family home on 2.44 acres plus an additional 1.26-acre lot, sold together. The existing property offers immediate income potential with three units — ideal for multi-generational living or rental income. Beyond investment appeal, this land invites a self-sufficient, homesteading lifestyle: think gardens, chickens, fruit trees, and room to roam — all minutes from town. Zoned R20 with potential for 5 ANR lots (subject to buyer due diligence and approvals), the property also holds significant development potential. Whether you’re creating a private homestead or exploring subdivision opportunities, the possibilities are abundant. Don’t miss this unique chance to own a rare and versatile piece of land in prime Gloucester!

Property Overview

Building Information

  • Total Units: 3
  • Total Floors: 4
  • Total Bedrooms: 7
  • Total Full Baths: 3
  • Total Fireplaces: 1
  • Amenities: Conservation Area, Highway Access, Marina, Public School, Public Transportation, T-Station, Walk/Jog Trails
  • Common Interior Features: Tile Floor
  • Common Appliances: Washer Hookup

Financial

  • APOD Available: No
  • Gross Operating Income: 21600
  • Net Operating Income: 21600

Utilities

  • Electric Info: Circuit Breakers, Individually Metered, Underground
  • Utility Connections: Washer Hookup, for Electric Dryer, for Electric Oven
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 2

Construction

  • Year Built: 1920
  • Type: 3 Family
  • Foundation Info: Slab
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Concrete, Tile, Vinyl, Wall to Wall Carpet
  • Lead Paint: Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73454068
  • Last Updated: 11/16/25

Date Event Price Price/Sq Ft Source
11/16/2025Active$1,499,000$391MLSPIN
11/16/2025Active$1,499,000MLSPIN
11/12/2025New$1,499,000MLSPIN
11/12/2025New$1,499,000$391MLSPIN
10/02/2025Expired$1,499,000MLSPIN
10/02/2025Expired$1,499,000$391MLSPIN
07/14/2025Active$1,499,000MLSPIN
07/14/2025Active$1,499,000$391MLSPIN
07/10/2025Back on Market$1,499,000MLSPIN
07/10/2025Back on Market$1,499,000$391MLSPIN
07/02/2025Under Agreement$1,499,000MLSPIN
07/02/2025Under Agreement$1,499,000$391MLSPIN
06/18/2025Contingent$1,499,000MLSPIN
06/18/2025Contingent$1,499,000$391MLSPIN
06/02/2025Active$1,499,000$391MLSPIN
06/02/2025Active$1,499,000MLSPIN
05/29/2025Price Change$1,499,000$391MLSPIN
05/29/2025Price Change$1,499,000MLSPIN
05/17/2025Active$1,699,000$443MLSPIN
05/17/2025Active$1,699,000MLSPIN
05/13/2025New$1,699,000MLSPIN
05/13/2025New$1,699,000$443MLSPIN

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Map & Resources

West Parish School

Public Elementary School, Grades: K-5

0.12mi

Gloucester Fire Department

Fire Station

0.27mi

Cavalry Boulder

Fitness Centre. Sports: Climbing

0.48mi

Gloucester Watershed Lands

Municipal Park

0.1mi

Presson Point

Land Trust Park

0.25mi

Tompson Street Reservation

Land Trust Park

0.33mi

Susan's Point

Land Trust Park

0.43mi

Stoney Cove Reservation

Land Trust Park

0.45mi

Mount Ann Park

Land Trust Park

0.48mi

Thompson Street Reservation

Land Trust Park

0.53mi

Lawrence Mountain Reservation

Municipal Park

0.6mi

West Parish School

Recreation Ground

0.1mi

Kents Cove Landing

Recreation Ground

0.21mi

Little River Landing

Recreation Ground

0.51mi

Stanwood Point Landing

Recreation Ground

0.64mi

Kents Cove Landing

Recreation Ground

0.69mi

Rec Land

Recreation Ground

0.91mi

Seller's Representative: Antonia Frank, Churchill Properties
MLS ID#: 73454068

© 2025 MLS Property Information Network, Inc.. All rights reserved.

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2025-11-16 04:05:00