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Lisa Sevajian

lisa.sevajian@compass.com +1(978) 457-3406

$ 1,499,000

Est. payment -/mo

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Active

368 Essex Ave Gloucester, MA 01930

7 Beds

3 Baths

3,831 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 3 Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,831 sqft

Price per Sqft $391

MLS Listing ID 73373946

Bedrooms 7

Full Baths 3

Year Built 1920

Annual Tax Amount $9,065

Tax Year 2024

Lot Size 3.700 Acres

Acres 3.7

Property Sub-Type 3 Family

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!

Location

State MA

County Essex

Area West Gloucester

Zoning R-20

Direction please use GPS

Interior

Flooring Tile, Vinyl, Carpet, Concrete, Varies

Fireplaces Number 1

Laundry Electric Dryer Hookup, Washer Hookup

Exterior

Exterior Feature Garden

Garage Spaces 2.0

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

Utilities Available for Electric Oven, for Electric Dryer, Washer Hookup

Roof Type Shingle

Total Parking Spaces 5

Garage Yes

Building

Lot Description Wooded, Additional Land Avail., Sloped

Story 4

Foundation Slab

Sewer Public Sewer

Water Public

Schools

Elementary Schools West Parish

Middle Schools O'Maley

High Schools Ghs

Others

Senior Community false

Listed by Churchill Properties

Lisa Sevajian

Agent | License ID: 95000355

+1(978) 457-3406

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Lisa Sevajian

368 Essex Ave Gloucester, MA 01930

Key Details

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368 Essex Ave