There are multiple listings for this address:

368 Essex Ave

Gloucester, MA, 01930

$1,499,000

7 Beds

3 Baths

3,831 SqFt

3.7 Acres

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

Price:

$1,499,000

MLS #:

73373946

Status:

Active

Beds:

Baths:

Address:

368 Essex Ave

Type:

Multi Family

Subtype:

3 Family

Neighborhood:

westgloucester

City:

Gloucester

Listed Date:

May 13, 2025

State:

Finished Sq Ft:

3,831

Total Sq Ft:

3,831

ZIP:

01930

Lot Size:

161,172 sqft / 3.70 acres (approx)

Year Built:

1920

Units:

Schools

Elementary School:

West Parish

Middle School:

O’maley

High School:

Ghs

Interior

Bathrooms

3 Full Bathrooms

Fireplaces Total

Flooring

Tile, Vinyl, Carpet, Concrete, Varies

Laundry Features

Electric Dryer Hookup, Washer Hookup

Exterior

Community Features

Public Transportation, Walk/ Jog Trails, Conservation Area, Highway Access, Marina, Public School, T- Station

Exterior Features

Garden

Parking Features

Shared Driveway, Off Street, Unpaved

Parking Spots

Roof

Shingle

Financial

Net Operating Income

$21,600

Tax Year

2024

Taxes

$9,065

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Marie Andrews

Realtor®, Broker/Owner, GBREB, Notary Public

pegasusrealtyma@gmail.com

Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…

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Courtesy of Churchill Properties. 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.

Rover IDX

368 Essex Ave

Gloucester, MA

368 Essex Ave

Gloucester, MA, 01930

$1,499,000

Beds

0 Baths

0 SqFt

3.7 Acres