Unique Two-Family Property with Studio

45 & 43 Englewood Rd, Gloucester, MA 01930

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For Sale

$1,375,000

Two-family home with studio, additional lot, near beaches.

Type:Multi Family

Property size:

5,082 SF

Price / SF:

$270/SF

HighLights

Two‑family property with additional lot for privacy
Includes a separate legal apartment with full kitchen and bath, suitable for rental income, guests, or work‑from‑home
Features space for an artist studio or yoga studio
Overlooks West Pond in a private, magical garden setting
Main home has soaring vaulted ceilings, open floor plan, and loft
Conveniently located between Gloucester and Manchester, close to beaches, shops, restaurants, and Beverly Regional Airport

We can help!

Contact an agent

Brackett Janis Group

Learn more

For Sale

$1,375,000

Two-family home with studio, additional lot, near beaches.

Type:Multi Family

Property size:

5,082 SF

Price / SF:

$270/SF

Added:: Apr 14, 2026
Days on Market:: 76
Last Refresh:: Apr 20 at 6:21 pm

Property Features for 45 & 43 Englewood Rd

General Information

Standard status: Active
Size: 5,082 SF
Property subtype: Multi Family

Building Details

Year Built: 1950

We can help!

Contact an agent

Brackett Janis Group

Listing office Engel & Volkers By the Sea

Listing date Apr 14, 2026

Source Lockandkeyre

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Engel & Volkers By the Sea

HighLights

Two‑family property with additional lot for privacy
Includes a separate legal apartment with full kitchen and bath, suitable for rental income, guests, or work‑from‑home
Features space for an artist studio or yoga studio
Overlooks West Pond in a private, magical garden setting
Main home has soaring vaulted ceilings, open floor plan, and loft
Conveniently located between Gloucester and Manchester, close to beaches, shops, restaurants, and Beverly Regional Airport

Overview

This two-family property includes an additional lot for privacy and features space suitable for an artist studio or yoga studio, offering many possibilities. Surrounded by rolling greens, mature trees, and a garden setting, the property overlooks West Pond. The main home features soaring vaulted ceilings, an open floor plan, and a loft. The separate apartment has its own entrance, a full kitchen, and a full bath, making it suitable for guests, extended family, rental income, or a private work-from-home setup. The property is located between downtown Gloucester and Manchester, near the ocean, beaches, shops, and restaurants, and 22 minutes from Beverly Regional Airport. With three distinct spaces including the main house, legal apartment, and studio, this property offers flexibility and character. The property size is 5082 square feet.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$128.1k	$25.20
− Vacancy	−$5.8k	−$1.13
EGI	$122.3k	$24.07
− OpEx	−$36.7k	−$7.22
NOI	$85.6k	$16.85

5,082 SF · lease $25.20/SF/yr · vacancy 4.50% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$1.22M

$1.07M – $1.43M (±1% cap)

NOI $85,612 @ 7.0% cap · market cap 6.23%

Second Best

Apartment 5plus

$1.10M

$966.0K – $1.29M (±1% cap)

NOI $77,279 @ 7.0% cap · market cap 5.62%

Theoretical Best

Office A

$3.01M

$2.63M – $3.51M (±1% cap)

NOI $210,597 @ 7.0% cap · market cap 15.32%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Location Insight

Map
Local Demand

City: Gloucester
County: Essex
State: Massachusetts
Longitude: -70.7096479
Latitude: 42.5815996

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For sale
Duplexes
MA
Gloucester
01930
45 & 43 Englewood Rd

What type of property is this?

Duplex - Two-family home with studio, additional lot, near beaches.

Where is this duplex located?

The property is located at 45 & 43 Englewood Rd Gloucester, MA.

What is the asking price?

The asking price for this property is $1,375,000.

What are key features of this property?

This property features: Two‑family property with additional lot for privacy; Includes a separate legal apartment with full kitchen and bath, suitable for rental income, guests, or work‑from‑home; Features space for an artist studio or yoga studio