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
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Churchill Properties
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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
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