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INVESTMENT SNAPSHOT
About this property
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
| Units | 3 |
| Living area | 3,831 sqft |
| Lot size | 161,172 sqft |
| Year built | 1920 |
| Price / sqft | $339 |
| County | Essex |
| MLS # | 73454068 |
Listing status
| Days on market | 183 days |
| Listed on | November 12, 2025 |
Taxes & financials
| Annual property tax | $9,065 |
| Tax year | 2024 |
| Assessed value | $931,700 |
| Zoning | R-20 |
| Gross income (actual) | $21,600/yr |
| Net operating income (actual) | $21,600/yr |
| Total actual rent | $1,800/mo |
Building & lot
| Stories | 4 |
| Total rooms | 14 |
| Lot size | 3.7 acres |
| Garage spaces | 2 |
| Parking spaces | 7 |
| Parking | Shared Driveway, Off Street, Unpaved |
| Foundation | Slab |
| Roof | Shingle |
| Flooring | Tile, Vinyl, Carpet, Concrete, Varies |
Utilities & systems
| Sewer | Public Sewer |
| Water | Public |
| Utilities | for Electric Oven, for Electric Dryer, Washer Hookup |
Location
More about investing in Gloucester →
Listing courtesy of Churchill Properties — Antonia Frank. Listing data © MLS PIN.
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Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 368 Essex Ave, Gloucester MA 01930 have?
It is a 3-unit multi-family property with 3,831 sqft of living area, built in 1920.
How long has 368 Essex Ave, Gloucester MA 01930 been on the market?
368 Essex Ave, Gloucester MA 01930 has been listed for 183 days (since November 12, 2025).
What is the estimated cap rate on this 3-family in Gloucester?
Based on area median rents, the estimated cap rate is about 3.8%, with a Signal Score of 70/100. These are directional estimates, not an appraisal.
What is the price per unit?
At a list price of $1,299,000 across 3 units, that works out to roughly $433,000 per unit.
What are the property taxes on 368 Essex Ave, Gloucester MA 01930?
Annual property taxes are $9,065 (2024), on an assessed value of $931,700.
What is the price per square foot?
At $1,299,000 for 3,831 sqft, that's about $339 per square foot.
Is there parking?
2 garage spaces and 7 total parking spaces (shared driveway, off street, unpaved).
Where is this property located?
368 Essex Ave, Gloucester MA 01930 is in Gloucester, Essex County, MA 01930.
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