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    Gloucester, MA
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    Gloucester, MA Residential Land & Home Lots for Sale

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    Multi-Family Development Parcel
    Updated: Sep 16, 2025
    Multi-Family Development Parcel

    368 Essex Avenue, Gloucester, MA 01930

    $1,299,000
    3,831 sqft 3.70 AC lot
    3.7‑acre parcel in West Gloucester with an existing three‑family home plus an additional 1.26‑acre lot, sold together
    Built in 1920: three‑family residence with three units for rental income or multi‑generational living
    Zoned R20 with potential for 5 ANR lots (subject to buyer due diligence and approvals)
    Property includes 2.44 acres with the three‑family home and an extra 1.26‑acre lot for added flexibility
    Land setting allows for homesteading uses such as gardens, chickens, and fruit trees (minutes from town)
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    This listing looks promising.

    Here's a quick look at some key insights for

    368 Essex Avenue, Gloucester, MA 01930

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    • Est. Cap Rate

      5%
      NOI ÷ price

    • Est. NOI

      $65K
      Annual

    • Price @ 7% Cap

      $922K
      Suggested

    • Property Type

      Triplex
      Built 1920
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    Land, Gloucester, MA
    Updated: Aug 14
    Land, Gloucester, MA

    4 Scott St, Gloucester, MA 01930

    $399,900
    0.76 AC lot
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    Residential Development Lot
    Residential Development Lot

    5 Grapevine Road, Gloucester, MA 01930

    $599,000
    2,968 sqft

    Shovel-ready Gloucester lot with zoning and conservation approvals, plus architect plans for a Craftsman-style single-family home.

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    Residential Development Lot
    Residential Development Lot

    15 Andrews Court, Gloucester, MA 01930

    $395,000
    0.28 AC lot

    Turn-key buildable lot with conservation approvals and utilities stubbed for residential development.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Improved Residential Building Lot
    Improved Residential Building Lot

    79 Woodman Street, Gloucester, MA 01930

    $429,000
    2.05 AC lot

    Improved 2.05-acre lot with driveway and cleared building envelope, located in a private woodland setting.

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    Residential Development Land Opportunity
    Residential Development Land Opportunity

    17 Andrews Ct, Gloucester, MA 01930

    $395,000
    0.39 AC lot

    Large lot with conservation approvals and utilities stubbed for building a single family or two townhouses.

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    Wooded Residential Development Lot
    Wooded Residential Development Lot

    13 Whipple Woods Road, Gloucester, MA 01930

    $349,000
    3.24 AC lot

    A 3.24-acre wooded lot approved for a three-bedroom septic system and well, with electricity available at the street.

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    Land
    Land

    4 Scott Street, Gloucester, MA 01930

    $399,900

    Residential land & home lots

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    Buildable Parcel with Approved Plans
    Buildable Parcel with Approved Plans

    7 Leaman Drive, Gloucester, MA 01930

    $300,000
    3.51 AC lot

    3.51 acre residential lot with approved septic plans.

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    Gloucester Development Opportunity on 3.7 Acres
    Gloucester Development Opportunity on 3.7 Acres

    368 Essex Ave, Gloucester, MA 01930

    $1,499,000

    3.7-acre parcel with income potential and development opportunities in Gloucester.

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    Gloucester Land with Utilities
    Gloucester Land with Utilities

    5 Ciaramitaro Ct, Gloucester, MA 01930

    $375,000

    Improved lot in Gloucester's Bay View neighborhood ready for development.

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    Based on your search, we've compiled 15 Potential Opportunities for your consideration. Besides 11 Active listings in Gloucester, MA, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Residential Land with Contemporary Home
    Residential Land with Contemporary Home

    23 Ocean Street, Manchester, MA 01944

    $4,700,000
    3,018 sqft

    Elevated Manchester-by-the-Sea property overlooks White Beach and marshland with a contemporary layout and multi-level deck access.

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    Manchester-by-the-Sea Harbor View Parcel
    Manchester-by-the-Sea Harbor View Parcel

    1 Sea Street, Manchester, MA 01944

    $1,100,000

    Rare opportunity to build a stunning home with harbor views.

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    Land in Prestigious Beverly Farms
    Land in Prestigious Beverly Farms

    20 Juniper, Beverly, MA 01915

    $599,000

    1.03 acre lot near West Beach and Beverly Farms center.

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    Land in Prestigious Beverly Farms
    Land in Prestigious Beverly Farms

    18 Juniper, Beverly, MA 01915

    $499,000

    1.10 acre lot near West Beach, shops, and train.

    View details

    Gloucester, MA Residential Land & Home Lots Market Trends and Statistics

    Explore 11 residential land & home lots for sale in Gloucester, MA, showcased through 11 active listings on our real estate platform. These investment opportunities span a total of 609,759 square feet of properties for sale, with an estimated market value of $6,439,800.

    Sale prices for home sites in Gloucester, MA start at $300,000, averaging $585,436, and reaching up to $1,499,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Residential land & home lots 14
    Waterfront Land 4
    Agricultural land / Farmland 1
    Commercial land 1
    Industrial land 1

    Demographics Overview

    Population 30K
    Population Growth (5Y) -0.6%
    Median Household Income $87,898
    College Educated 27.3%

    High-Yield Neighborhoods for Investment

    Identify Gloucester submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    01930 $937K

    Taxes & Financing

    Tax Rate (average for all types) 0.97%
    Property Tax per SF $7.06 per SF
    Tax Rate vs County Average 0.74 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Essex County

    New Delisted

    Total CRE Inventory on Market (SF)

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