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368 Essex AveGloucester, MA 01930

For Sale

$1,499,000

Smart Buyer Rebate $7,495

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!

Listed by Antonia Frank

·

Churchill Properties

·

978-879-8610

Last updated September 05, 2025

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Source: MLSPin #73373946

Listing Facts

  • TypeMulti-family
  • NeighborhoodWest Gloucester
  • Bedrooms7
  • Bathrooms3
  • Days on Prevu117
  • Taxes$9,065/year
  • Size3,831 sqft
  • Price per sqft$391

Amenities

  • Private Outdoor Space
  • Parking

Location

Mortgage Calculator

Listing History

07/10/2025
Status changed to Active
$1,499,000
07/02/2025
Status changed to Pending
$1,499,000
06/18/2025
Status changed to In Contract
$1,499,000
05/29/2025
Price Decreased
$1,499,000
05/13/2025
Listed by Churchill Properties
$1,699,000

Property Details for 368 Essex Ave

Association

Amenities

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

Exterior

Construction

  • Number Of Units Total: 3
  • Roof: Shingle
  • Stories: 4
  • Stories Total: 4
  • Year Built: 1920
  • Year Built Details: Renovated Since
  • Exterior Features: Garden

Features

  • Patio And Porch Features: Porch
  • Road Frontage Type: Public

Measurements

  • Building Area Total: 3,831
  • Building Area Units: Square Feet
  • Frontage Length: 450
  • Lot Features: Wooded, Additional Land Avail., Sloped
  • Lot Size Acres: 3.70
  • Lot Size Area: 3
  • Lot Size Square Feet: 161,172
  • Lot Size Units: Acres

Financial

Residential Income

  • Gross Income: $21,600.00

Taxes

  • Parcel Number: M:0229 B:0039 L:0000,1904862
  • Tax Annual Amount: $9,065.00
  • Tax Assessed Value: $931,700.00
  • Tax Year: 2024

Interior

Features

  • Fireplace: Yes
  • Fireplaces Total: 1
  • Flooring: Tile, Vinyl, Carpet, Concrete, Varies

Measurements

  • Living Area: 3,831
  • Living Area Source: Public Record

Rooms

  • Bathrooms Full: 3
  • Bathrooms Total Integer: 3
  • Bedrooms Total: 7
  • Rooms Total: 14

Parking

Parking

  • Covered Spaces: 2
  • Garage Spaces: 2
  • Garage: Yes
  • Open Parking: Yes
  • Parking Features: Shared Driveway, Off Street, Unpaved
  • Parking Total: 5

Schools

Elementary School

  • Elementary School: West Parish

High School

  • High School: Ghs

Middle or Junior School

  • Middle Or Junior School: O'maley

Utilities

Equipment

  • Electric: Circuit Breakers, Individually Metered
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Utilities: For Electric Oven, For Electric Dryer, Washer Hookup
  • Water Source: Public

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.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.