Condominium at 54 Lexington Ave # 32, Gloucester MA 01930, Gloucester
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27 photos

$299,000

54 Lexington Ave # 32, Gloucester MA 01930
Gloucester, MA 01930
Listed by Nancy Peterson
Bedrooms
0
Bathrooms
1
Living area
400 sqft
Year built
1920

About this home

Enjoy easy access to Magnolia Beach living for just $299,000! This charming top-floor STUDIO condominium offers a wonderful opportunity to own your own place in the picturesque seaside village of Magnolia.Just a short distance from Magnolia Beach, Magnolia Pier, and Coolidge Reservation, this inviting studio is all about location, convenience, and the coastal lifestyle. Inside, you’ll find hardwood floors, a spacious kitchen with granite countertops, and an efficient open layout that makes excellent use of the limited space.One of the highlights is the private deck with beautiful ocean views, the perfect spot for morning coffee, relaxing after the beach, or enjoying warm summer evenings.Additional conveniences include a shared laundry, a deeded parking space, and heat and hot water included in the condo fee. On the site of Magnolia’s legendary Oceanside Hotel, this appealing pied-à-terre studio is ideal as a cozy year-round residence, extra room for guests, quick weekend-vacation getaway, or an income producing investment property. Truly a rare opportunity for savvy buyers.

Property details

MLS #
73544618
Property type
Condominium
Subdivision
N/A
Status
Active
Days on market
91
On market date
July 4, 2026
Stories
1
Total bathrooms
1
Garage spaces
N/A
Parking spaces
1
Lot size
N/A
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).

Elementary
Manchester Memorial Elementary
2.7 mi away · Grades -1-5
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
298
Student:teacher ratio
8.5:1
District
Manchester Essex Regional
Middle
Manchester Essex Regional Middle School
2.81 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
283
Student:teacher ratio
10.5:1
District
Manchester Essex Regional
High
Manchester Essex Regional High School
2.81 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
450
Student:teacher ratio
10.5:1
District
Manchester Essex Regional

Walkability

Blended score for Gloucester's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

63
Walkable
out of 100
EPA National Walkability Index
14.0 / 20 -- Above average walkable
Google Places amenity density
53 / 100
Restaurants & cafes3
Grocery stores1
Parks6
Schools3
Transit stops5
Pharmacies0

Market position

How this listing compares to current activity in Gloucester, from live MLS data.

On the market 91 days -- 15 fewer days than Gloucester's current average of 106 days.
For reference, the median list price across 236 active listings in Gloucester right now is $599,000.

Mortgage calculator

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Est. monthly payment
$1,951/mo
$59,800 down
$239,200 loan
Principal & interest$1,551
Property tax (est.)$249
Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated August 31, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.