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Home Massachusetts Multi-Family Homes for Sale

368 Essex Avenue Gloucester, MA 01930
NEW
41
$1,149,000
Total Beds: 8 Total Baths: 4
Total Units: 3 SQFT: 3831
LOT size: 3.70 Acres
368 Essex Avenue
Gloucester, MA 01930
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Property Description

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.
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Property Details

Building Information

  • Total Units: 3
  • Total Floors: 4
  • Total Bedrooms: 8
  • Total Full Baths: 3
  • Total Half Baths: 1
  • Total Fireplaces: 1
  • Amenities: Highway Access, House of Worship, Marina, Public School, Public Transportation, T-Station, Walk/Jog Trails
  • Common Rooms: Kitchen, Living RM/Dining RM Combo, Living Room, Loft, Mudroom
  • Common Interior Features: Tile Floor
  • Common Appliances: Range, Refrigerator, Washer Hookup
  • Common Heating: Electric, Electric Baseboard, Forced Air, Oil, Radiant, Space Heater

Financial

  • APOD Available: No
  • Gross Operating Income: 21600
  • Net Operating Income: 21600

Utilities

  • Electric Info: Circuit Breakers, Underground
  • Utility Connections: Varies per Unit, Washer Hookup, for Electric Dryer, for Electric Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 3 Description

  • Floors: 1
  • Levels: 2

Construction

  • Year Built: 1920
  • Type: 3 Family - 3 Units Side by Side
  • Foundation Info: Granite, Irregular, Poured Concrete
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Tile, Vinyl, Wood
  • Lead Paint: Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73583315
  • Last Updated: 09/29/26

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Map

Seller's Representative: Lillian LoGrasso, J. Barrett & Company
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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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.

MLS PIN data last updated at 2026-09-29 03:30:00

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