Off Market
368 Essex Ave, Gloucester, MA
Gloucester · MA 01930
- $1,499,000
- Price
- 7
- Beds
- 3
- Baths
- 3831
- Sq. ft.
Overview
Property type:
Multi-Family
Year built:
Built in 1920
Units:
3 Units
Lot size:
3.7 Acres Lot
Price per square foot:
$391 / Sq.Ft
Parking:
2 Garage Spaces · 5 Off Street Spaces
About this home
Investors and developers, take note! This is a rare opportunity to acquire a substantial 3.7-acre parcel in a highly desirable West Gloucester location. This offering includes a considerable three-family property situated on a sprawling 2.44-acre lot, with an additional 1.26-acre lot being sold together. The existing property offers immediate income potential with three separate units. However, the real allure lies in the significant potential for subdivision (subject to buyer due diligence and approvals). Zoning is R20 with potential for 5 ANR lots and the property may be included in a future MBTA MF 3A Overlay district (not yet established). Imagine the possibilities for future development! Don't miss out on this unique chance to own a significant piece of land in a prime Gloucester setting.
Neighborhood & Transit
West Gloucester
368 Essex Ave, Gloucester · MA 01930
Nearby transit
Within 0.5 mile, measured straight-line to the nearest station entrance.
No subway or commuter rail stations within 0.5 mile.
Price Insight
- Days on Market:
- 513 days
- Listing Price:
- $1,499,000
- Price per Sq.Ft:
- $391
- Tax Assessment:
- $931,700 in 2024
- Taxes:
- $755 / Monthly
Home Facts
Interior Features
- Bedrooms
- 7
- Full Bathrooms
- 3
- Half Bathrooms
- 0
- Living Area
- 3,831 Sq.Ft
- Kitchen
- Unknown
- Primary Bedroom
- Unknown
- Laundry
- Unknown
- Living levels
- Unknown
- Rooms
- Unknown
- Above grade area
- 3831
- Flooring
- Unknown
- Lead paint
- Unknown
Utilities
- Heating Type
- Unknown
- Heating Zone
- Unknown
- Cooling
- Unknown
- Cooling Zones
- Unknown
- Water
- Unknown
- Sewer
- Unknown
- Electric Features
- Circuit Breakers, Individually Metered
Exterior Features
- Lot Size
- 161,172 Sq.Ft
- Lot Description
- Unknown
- Exterior Features
- Unknown
Parking
- Garage Parking
- 2 Parking Spaces
- Off Street Parking
- 5 Parking Spaces
Construction Details
- Construction Type
- Unknown
- Siding
- Wood
- Roof
- Unknown
Green Features
- Electric Vehicle Charger
- Unknown
- Solar Panels
- Unknown
- Green Certified
- Unknown
- Insulation Features
- Unknown
- Energy Features
- Unknown
Listing information
- Listing agent
- Antonia Frank
- Listing office
- Churchill Properties
- MLS PIN #
- 73373946
- Disclosure
- 368R Essex Ave is zoned R-30. Sellers are asking for a U&O. Unit 1 - tenant occupied - lease until 10/1. Unit 2&3 owner/family occupied. oil heat/hot water unit 1,electric heat/hot water unit 2&3. No photos/ floorplans of unit 2.