Home Homes for Sale 368 Essex Avenue, Gloucester MA 01930
$1,149,000
$300/sqft · Gloucester, MA
8Beds
3.5Baths
3,831Sqft
3.70 acresLot Size
368 Essex Avenue, Gloucester MA 01930
Active Listed 4 days ago
3 Family - 3 Units Side by Side Built in 1920 3.70 Acre Lot 2-car Garage

What's Special

3 Family - 3 Units Side by SideBuilt in 19201 Fireplace2-car Garage

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

Property Details

Core Details

Property Type3 Family - 3 Units Side by Side
Year Built1920
Parcel Number1904863
ZoningR-20 & 30
Stories4
MLS #73583315

Space & Sizing

Living Area3,831 sqft
Above Grade3,831 sqft
Total Rooms14
Bedrooms8
Bathrooms3.5
Lot Size3.70 acres

Features & Systems

Parking2-car Garage
Garage2 spaces
Open Parking8
Fireplaces1
FoundationConcrete Perimeter, Granite, Irregular
RoofShingle
ElectricCircuit Breakers
HeatingElectric, Oil
SewerPublic Sewer
ViewScenic View(s)
Water SourcePublic

Features & Amenities

1 Fireplace
Appliances
Range Refrigerator
Community Features
Highway Access House of Worship Marina Public School Public Transportation T-Station Walk/Jog Trails
Exterior Features
Garden
Flooring
Tile Vinyl Wood
Interior Features
Kitchen Living RM/Dining RM Combo Living Room Loft Mudroom
Laundry Features
Electric Dryer Hookup Washer Hookup
Levels
4
Lot Features
Wooded
Lead Paint
Unknown
Parking Features
Off Street
Patio And Porch Features
Deck Patio
Rent Includes
Unit 1(Water) Unit 2(Water)
Road Surface Type
Paved
Utilities
for Electric Dryer for Electric Range Varies per Unit Washer Hookup
Waterfront Features
Beach Ownership(Public) Ocean Unknown To Beach

Additional Information

Disclosures: Taxes & Assessment here above are totaled/combined for 368 & 368R Essex Ave. 368 & 368R will be sold together. 386R is a separate 54, 886sf lot zoned R-30 and assessed separately. Buyer to do due diligence on potential subdivision of property.

Directions: Rt 133 right across entrance to Concord St

Financial Details

Annual Taxes$10,220 (2026)
Assessed Value$1,097,700
Gross Income$21,600
Net Operating Income$21,600
Tax Book Number13493
Listed on Sep 28, 2026 Updated Oct 2, 2026 7:06 AM Essex County

Interested in this home?

Contact a CRA Agent or Schedule a showing today.

Colonial Realty Associates
(617) 977-6025
MLS #73583315

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The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords, and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing, leasing or renting 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, leasing or renting. 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, or as to the accuracy of any of the Images, set forth herein.

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