368 Essex Avenue, Gloucester MA 01930
Gloucester, MA 01930 • West Gloucester
$1,149,000
Est. $6,862/month
Estimate assumptions
20% down, a 30-year loan at 6.5%, and $200/month estimated insurance.
Includes the supplied property-tax and HOA inputs; missing inputs contribute $0. HOA fees with an unspecified frequency are treated as monthly. PMI and closing costs are excluded.
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About this home
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.
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Property History
Property Timeline
Listed for Sale
Sep 28, 2026
$1,149,000
Original listing
Agent: Lillian LoGrasso
Office: J. Barrett & Company
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 09/28/2026 | 🏠 Listed for Sale | $1,149,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2026 | $10,220 | $1,097,700 |
Financial Details
Annual Property Tax
$10,220
Tax Year 2026
Assessed Value
$1,097,700
Facts & Features
2 Car Garage
Home Facts
Type
Residential Income
Style
3 Family - 3 Units Side by Side
Year Built
1920
Living Area
3,831 sq ft
Lot Size
3.70 acres
Stories
4
Bedrooms
8
Full Baths
3
Half Baths
1
Total Rooms
14
Investment Metrics
Units
3
Unit 1 Rent
$1,800/mo · N
Unit 2 Rent
— · N
Total Monthly Rent
$1,800/mo
Gross Income
$21,600
Net Operating Income
$21,600
Cap Rate
1.88%
Interior
Heating
Oil, Electric
Cooling
None
Flooring
Wood, Tile, Vinyl
Appliances
Range, Refrigerator
Fireplace
None
Fireplaces
1
Basement
None
Laundry
Electric Dryer Hookup, Washer Hookup
Features
Living Room, Kitchen, Mudroom, Living Rm/dining Rm Combo, Loft
Exterior
Construction
None
Architecture
None
Roof
Shingle
Features
Garden
Pool
None
Spa
None
Fencing
None
Patio/Porch
Deck, Patio
Parking
Garage Spaces
2
Has Garage
Yes
Features
Off Street
Total Spaces
10
Utilities
Electric
Circuit Breakers
Water
Public
Sewer
Public Sewer
Gas
None
Other
For Electric Range, For Electric Dryer, Washer Hookup, Varies Per Unit
Financial
Annual Tax
$10,220
Assessed Value
$1,097,700
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Lead Paint
Unknown
Seller Disclosures
Taxes & Assessment Here Above Are Totaled/combined For 368 & 368r Essex Ave. 368 & 368r Will Be Sold Together. 386r Is A Separate 54, 886sf Lot Zoned R-30 And Assessed Separately. Buyer To Do Due Diligence On Potential Subdivision Of Property.
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
House Color
Green
Sq Ft Source
Public Record
Sq Ft Disclosures
Additional 840sf above garage not included in living area/unfinished but usable
Documents
None
County
Essex
Property Overview
Property Type
3 Family - 3 Units Side by Side
Listing Type
For Sale
Year Built
1920
Bedrooms
8
Full Bathrooms
3
Half Bathrooms
1
Living Area
3,831 sq ft
Total Rooms
14
Stories
4
Levels
4
Floor Layout
Interactive room guide
Floor Layout
Finished Area
3,831 sq ft above grade
Display Options
Outdoor Areas
Patio & porchDeck, Patio
Room Markers
OOffice (1)
KKitchen (1)
BRBedroom (5)
BABathroom (4)
DDining (1)
LLiving (2)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Wood, Tile, Vinyl
Appliances:
Range, Refrigerator
Interior Features:
Living Room, Kitchen, Mudroom, Living RM/Dining RM Combo, Loft
Windows:
Basement:
Laundry:
Electric Dryer Hookup, Washer Hookup
Security:
Construction & Materials
Year Built:
1920
Structure Type:
Exterior Materials:
Roof:
Shingle
Foundation:
Concrete Perimeter, Granite, Irregular
Stories:
4
Heating, Cooling & Utilities
Heating:
Oil, Electric
Cooling:
Hot Water:
Electric
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Garden
Patio & Porch:
Deck, Patio
Fencing:
Other Structures:
Lot Features:
Wooded
Road Surface:
Paved
Parking & Garage
Garage Spaces:
2
Total Parking Spaces:
10
Parking Features:
Off Street
Special Features
Fireplaces:
1
Fireplace Type:
View:
Yes
View Type:
Scenic View(s)
Community Amenities:
Public Transportation, Walk/Jog Trails, Highway Access, House of Worship, Marina, Public School, T-Station
Nearby Schools
School District
Gloucester School District local
C-
Where Graduates Go
Class of 2021
42%
attend college
31%
4-Year
11%
2-Year
17%
Out of State
14%
Working
School Safety
2024-25
1.9%
Average
1.9%
Suspensions
0.5%
In-School
3.6% below state avg
Elementary Schools
6 schools
Faith Christian School
2.0 mi
Grades PK-08
C-
West Parish School
0.2 mi
|
#681 of 825
|
Score: 36.8
Dropped 243 spots from last year
-21.4 below state avg
359 students
Less Diverse
Grades K-05
C-
Beeman Memorial School
2.5 mi
|
#702 of 825
|
Score: 35.6
Dropped 173 spots from last year
-22.6 below state avg
296 students
Moderate
Grades K-05
Gloucester PreSchool
3.1 mi
90 students
Moderate
Grades PK
C
East Veterans Elementary School
3.2 mi
|
#650 of 825
|
Score: 38.3
Dropped 57 spots from last year
-20 below state avg
446 students
Diverse
Grades K-05
B+
Plum Cove School
4.8 mi
|
#316 of 825
|
Score: 50.2
Improved 74 spots from last year
-8 below state avg
226 students
Moderate
Rising School
Grades K-05
Middle Schools
1 school
C+
Ralph B O'Maley Middle School
2.2 mi
|
#233 of 352
|
Score: 37.6
Improved 29 spots from last year
-20.6 below state avg
594 students
Moderate
Rising School
Grades 06-08
High Schools
1 school
C+
Gloucester High School
1.9 mi
|
#219 of 346
|
Score: 50.4
Improved 20 spots from last year
-7.8 below state avg
769 students
Moderate
17 sports
• 1,070 athletes
Rising School
Career Tech Programs
Strong Athletics
Grades 09-12
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Monthly Payment Calculator
Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%
Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$852
Homeowners Insurance
$200
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
$0
Total principal paid
$0
Total interest paid
$0
Rate Impact
-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo
Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.
Location
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Neighborhood
West Gloucester
368 Essex Avenue, Gloucester MA 01930
Gloucester, MA 01930
Listing Information
Listing Agent
Lillian LoGrasso
Listing Office
J. Barrett & Company
Office Phone
978-282-1315
Agent MLS ID
C9500484
Office MLS ID
C80006
Listing Data Updated
Sep 28, 2026 12:27 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
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