aisellshomes.space

$1,149,000

Active

368 Essex Avenue

Gloucester, MA, 01930

Multi-Family · MLS #73583315

Price/sqft

$300

Days on market

6 days

Year built

1920

Lot size

3.70 ac

3 full, 1 half

Baths

3,831 sq ft

Sq Ft

3.70 acres

Lot

1920

Year Built

2 car

Garage

Taxes: $10,220 (2026)

About this home

A rare opportunity in West Gloucester! This 4,000+ sq. ft. three-family property is being offered with TWO parcels totaling approximately 3.7 acres—an exceptional combination of multi-family living, acreage, income potential, and possible future development. The offering includes 368 Essex Ave., featuring a spacious three-family home situated on approximately 2.44 acres with substantial frontage along Essex Ave., plus 368R Essex Ave., an additional approximately 1.26-acre R-30 zoned parcel located behind the main property and described as an “orchard” on the deed. Investors, contractors, developers, flippers, and cash buyers—bring your vision! The multi-family home is in need of updating and improvement, but offers tremendous space and potential for renovation, rental income, or repositioning. With two parcels and nearly 4 acres combined, the possibilities are intriguing. Property is being sold as-is. Buyers and buyers’ agents to perform their own due diligence regarding zoning, subdivision potential, permitted uses, approvals, and development possibilities.

Location

368 Essex Avenue, Gloucester, MA, 01930

Property details

Road type
Public, Paved, Publicly Maint.
Electric
Circuit Breakers

Listed by Lillian LoGrasso · J. Barrett & Company

Schedule a showing

368 Essex Avenue

By submitting you agree to be contacted by Antonio Illas.

Estimated payment

$7,620 / month

Down payment20% · $229,800
Interest rate7.28%

Loan term

Principal & interest
$6,289
Property tax
$852
Home insurance
$479

Estimate only. Actual payment may vary based on credit, taxes, HOA, and insurance. Tax estimate uses listed taxes.

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