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.
Listing last checked: Listing updated:
Listed by Lillian Lograsso · J. Barrett & Company · MLS #73583315
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Details at a glance
Interior5 property facts
- Rooms
- 14
- Heating
- Oil, Electric
- Flooring
- Wood, Tile, Vinyl
- Basement
- Not reported
- Fireplaces
- 1
Building6 property facts
- Style
- 3 Family - 3 Units Side by Side
- Year built
- 1920
- Garage
- 2
- Parking
- 10
- Foundation
- Concrete Perimeter, Granite, Irregular
- Roof
- Shingle
Land & utilities5 property facts
- Lot size
- 3.7 acres
- Water
- Public
- Sewer
- Public Sewer
- Pool
- Not reported
- Zoning
- R-20 & 30
Financial2 property facts
- Annual taxes
- $10,220
- Assessment year
- 2026
Location
Estimated monthly cost
Explore costs at the $1,149,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$6,662 / monthAdjust
- Principal & interest
- $5,810
- Property tax
- $852
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $10,220. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.
Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
More property insights
Automated value estimate $1,140,897
Estimated range $1,073,004–$1,208,789.
Automated estimates are not appraisals or guarantees of market value.
Request a professional market analysisPhoto-based condition insights
Overall presentation: below average
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About 368 Essex Avenue
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Request a tour of 368 Essex Avenue and a Bean Group agent will help coordinate an available time with the listing side.
Can you help me evaluate this property?
Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.
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