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Active

368 Essex Avenue, Gloucester MA 01930

$1,149,000

Estimated $2,715/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $383,000

Total Rent: 21600/year

Estimated CAP Rate:

8 Bedrooms

Baths

3831

Total Parking: 12 (2 Garage)

161,172 (3.70)

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.

This home has been viewed 10 times

Last Checked: October 3rd, 2026 at 5:43am (Source: MLS PIN #73583315)

Gross Income: $21,600

Gross Expenses: $10,220

Net Income Calc: $11,380

Water Views

Annual Expenses for 368 Essex Avenue, Gloucester MA 01930

Total Gross Expenses (Calculated)$10,220/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax10220

Annual Income & Unit Breakdown for 368 Essex Avenue, Gloucester MA 01930

Total Gross Income (Calculated)$21,600

Unit 1

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

Rent IncludesHeat

Unit 2

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

Rent IncludesHeat

Unit 3

Rental Income$0

Lease

Bedrooms3

Bathrooms1 Full, 1 Half

Floor1

Levels in Unit2

Rent IncludesHeat

General Information for 368 Essex Avenue, Gloucester MA 01930

Listing ID73583315

Property TypeMulti Family / 3 Family

Price1149000 ($299.92/SqFt)

Style3 Family - 3 Units Side By Side

CityGloucester

CountyEssex

MLS AreaWest Gloucester

Neighborhood(s)Ipswich

Approximate Living Area Total3831

Approximate Lot Size (Acres)3.7

Total Parking12 (2 Garage)

Garage Parking2

Year Built1920

Year Built SourcePublic Records

Year Built DetailsApproximate,Renovated Since,Unknown/Mixed

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

Basement

Construction Materials

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor SpaceCovered

ZoningR-20 & 30

Water ViewsNo

Water Views Features

Waterfront0

Waterfront FeaturesRiver

Terms

Disclosures for 368 Essex Avenue, Gloucester MA 01930

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsWall Mounted Vac In Garage. Hose Reels. Tv Wall Mounts. Japanese Maple Tree.

Financial Data Source

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Compensation Based On

Financial Information for 368 Essex Avenue, Gloucester MA 01930

Real Estate Taxes10220

Tax Year2026

Assessed Value$1,097,700

Financial Data Source

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 368 Essex Avenue, Gloucester MA 01930

Elementary SchoolWest Parish

Middle SchoolO'maley

High SchoolGhs

Neighborhood(s)Ipswich

MLS AreaWest Gloucester

Area AmenitiesWalk/jog Trails

Contact Information for 368 Essex Avenue, Gloucester MA 01930

Agent

Name: Lillian LoGrasso

Office

Name: J. Barrett & Company

Phone: 978-282-1315

Payment Calculator

, Interest

Property Taxes 851.67

Principal & Interest 7079.77

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

J. Barrett & Company

Lillian LoGrasso

Agent Phone

Office Phone

(978) 282-1315

Text Agent Call Agent Call Office

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    [unparsed] => 368 Essex Avenue, Gloucester MA 01930
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EXIT

38 More Photos

Active

368 Essex Avenue, Gloucester MA 01930

$1,149,000

Annual Expenses for 368 Essex Avenue, Gloucester MA 01930

Annual Income & Unit Breakdown for 368 Essex Avenue, Gloucester MA 01930

General Information for 368 Essex Avenue, Gloucester MA 01930

Disclosures for 368 Essex Avenue, Gloucester MA 01930

Financial Information for 368 Essex Avenue, Gloucester MA 01930

Location Information for 368 Essex Avenue, Gloucester MA 01930

Contact Information for 368 Essex Avenue, Gloucester MA 01930

Agent

Office

Payment Calculator

Exclusive Listing Agent

J. Barrett & Company

Lillian LoGrasso