1 / 38
INVESTMENT SNAPSHOT
About this property
Located in beautiful East Gloucester and nestled between Rocky Neck and Niles Beach is this iconic, circa 1880's Colonial home that has been owned by the same family for 50+ years! The property features stunning, sweeping ocean views from many of the rooms and the charming covered porch. This gracious home also has a formal foyer, large over sized rooms, hardwood floors, wainscotting and a pocket door into the owner's apartment. The property has been used as an Inn for many years and features 8 bedrooms with baths and a 3rd floor auxiliary apartment that consists of 2 bedrooms, small kitchen, dining area, living room and a full bath. The first floor also has an "owner's" apartment with a fireplaced living room, pantry, large kitchen, an ample sized bedroom and updated full bath. This wonderful property awaits your ideas and creativity for many possibilities!
Property details
| Units | 3 |
| Living area | 5,050 sqft |
| Lot size | 22,885 sqft |
| Year built | 1880 |
| Price / sqft | $366 |
| County | Essex |
| MLS # | 73505698 |
Taxes & financials
| Annual property tax | $11,267 |
| Tax year | 2025 |
| Assessed value | $1,159,200 |
| Zoning | R-10 |
| Total actual rent | $0/mo |
Building & lot
| Stories | 3 |
| Total rooms | 13 |
| Lot size | 0.53 acres |
| Garage spaces | 0 |
| Parking spaces | 10 |
| Parking | Off Street |
| Basement | Full, Walk-Out Access, Interior Entry, Concrete, Unfinished |
| Foundation | Stone, Granite, Irregular |
| Roof | Shingle, Slate, Rubber |
| Construction | Frame |
| Flooring | Wood, Hardwood |
Utilities & systems
| Heating | Hot Water, Natural Gas |
| Cooling | Window Unit(s), None |
| Sewer | Public Sewer |
| Water | Public |
| Utilities | for Gas Range |
| Appliances | Range, Refrigerator, Washer, Dryer |
Location
More about investing in Gloucester →
Listing courtesy of Gibson Sotheby's International Realty — Nancy Goodick. Listing data © MLS PIN.
Interested in this one?
Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 28 Eastern Point Road, Gloucester MA 01930 have?
It is a 3-unit multi-family property with 5,050 sqft of living area, built in 1880.
What is the estimated cap rate on this 3-family in Gloucester?
Based on area median rents, the estimated cap rate is about 2.7%, with a Signal Score of 55/100. These are directional estimates, not an appraisal.
What is the price per unit?
At a list price of $1,850,000 across 3 units, that works out to roughly $616,667 per unit.
What are the property taxes on 28 Eastern Point Road, Gloucester MA 01930?
Annual property taxes are $11,267 (2025), on an assessed value of $1,159,200.
What is the price per square foot?
At $1,850,000 for 5,050 sqft, that's about $366 per square foot.
Is there parking?
10 total parking spaces (off street).
Where is this property located?
28 Eastern Point Road, Gloucester MA 01930 is in Gloucester, Essex County, MA 01930.
Similar multi-families
◆ 80
◆ 40
◆ 70