3 Family at 368 Essex Ave, Gloucester MA 01930, Gloucester
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31 photos

$1,299,000

368 Essex Ave, Gloucester MA 01930
Gloucester, MA 01930
Listed by Antonia Frank
Bedrooms
7
Bathrooms
3
Living area
3,831 sqft
Year built
1920

About this home

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!

Highlights

Fireplace

Property details

MLS #
73454068
Property type
3 Family
Subdivision
N/A
Status
Active
Days on market
322
On market date
November 12, 2025
Stories
4
Total bathrooms
3
Garage spaces
2
Parking spaces
7
Lot size
3.7 acres
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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
West Parish
0.15 mi away · Grades 0-5
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
371
Student:teacher ratio
13.3:1
District
Gloucester
Middle
Ralph B O'Maley Middle
2.23 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
630
Student:teacher ratio
11.3:1
District
Gloucester
High
Gloucester High
1.89 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
830
Student:teacher ratio
10.5:1
District
Gloucester

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).

25
Car-dependent
out of 100
EPA National Walkability Index
5.3 / 20 -- Least walkable
Google Places amenity density
22 / 100
Restaurants & cafes0
Grocery stores0
Parks8
Schools0
Transit stops2
Pharmacies0

Market position

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

On the market 322 days -- 218 more days than Gloucester's current average of 104 days.
For reference, the median list price across 236 active listings in Gloucester right now is $589,000.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$7,973/mo
$259,800 down
$1,039,200 loan
Principal & interest$6,740
Property tax (est.)$1,083
Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated May 14, 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.