368 Essex Ave, Gloucester, MA 01930
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$1,499,000
3 Unit
7 Beds
3 Baths
3831 SQFT
3.70 Acre

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 Details tap to expand

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# 73373946
  • Last Updated: 08/22/25

Property History tap to expand

Date Event Price Price/Sq Ft Source
07/14/2025Active$1,499,000$391MLSPIN
07/14/2025Active$1,499,000MLSPIN
07/10/2025Back on Market$1,499,000MLSPIN
07/10/2025Back on Market$1,499,000$391MLSPIN
07/02/2025Under Agreement$1,499,000$391MLSPIN
07/02/2025Under Agreement$1,499,000MLSPIN
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$1,499,000MLSPIN
05/29/2025Price Change$1,499,000$391MLSPIN
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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Seller's Representative: Antonia Frank, Churchill Properties
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2025-08-22 11:17:00