Welcome Home To This Large Multi-2 Family Property That's Been In Same Family For Many Decades. Perched high above Eastern Ave lies a rare opportunity to own this private and secluded property situated on a lot of over half an acre, located within mins to Gloucester's sandy beaches, shops restaurants and easy hwy access! The 1st LL, is rustic offering 2 beds, 1 bath with in-unit laundry and rental income to off set mortgage costs. The 2nd lvl townhouse style unit offers open floor plan with updated kitchen and bath, 2 generous sized bedrooms with additional bedrooms and office space on 3rd LL. In-unit laundry, high ceilings and deck to enjoy morning sunrises and evening sunsets finish this unit. Newer roof, siding, updated electric panel and 10+ prkg . Oversized garage and workshop area provide space for craftsperson and additional storage. Property’s orientation creates a serene setting with a sprawling tree-lined lot, perfect outdoor space for both entertaining or a peaceful retreat.
Sold for $530,000
$530,000
118 Eastern Ave, Gloucester, MA 01930
5beds
2,436sqft
2 Family - 2 Units Up/Down
Built in 1920
-- sqft lot
$975,500 Zestimate®
$218/sqft
$2,996 Estimated rent
Home value
$975,500
$839,000 - $1.13M
$2,996/mo
Zestimate® history
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$2,996/mo
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$2,996/mo
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$3,445/mo
Est. payment
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$3,445/mo
Est. payment
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List your homeWhat's special
Workshop areaOffice spaceOversized garageOpen floor planNewer roofUpdated electric panelPerfect outdoor space
Zillow last checked:
Listing updated:
Listed by:
Stacey Simpson 617-899-3990,
Century 21 North East 978-535-6500
Bought with:
Atlee Alman
Vadala Real Estate
Source: MLS PIN,MLS#: 73151327
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 2
Appliances
- Included: Range, Microwave, Refrigerator
- Laundry: Washer & Dryer Hookup, Electric Dryer Hookup, Washer Hookup
Features
- Storage, Bathroom With Tub, Ceiling Fan(s), Pantry, Upgraded Cabinets, Open Floorplan, Remodeled, Living Room, Kitchen, Laundry Room, Family Room, Office/Den
- Flooring: Tile, Vinyl, Carpet, Stone/Ceramic Tile
- Windows: Insulated Windows
- Basement: Partial,Unfinished
- Number of fireplaces: 1
Interior area
- Total structure area: 2,436
- Total interior livable area: 2,436 sqft
Property
Parking
- Total spaces: 10
- Parking features: Paved Drive, Off Street, Deeded, Paved
- Garage spaces: 2
- Uncovered spaces: 8
Features
- Patio & porch: Porch, Deck - Wood, Covered
- Exterior features: Garden
- Waterfront features: Ocean, 1/10 to 3/10 To Beach, Beach Ownership(Public)
Lot
- Size: 0.6 Acres
- Features: Cleared, Gentle Sloping
Details
- Parcel number: 1906563
- Zoning: R-10
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 2 Family - 2 Units Up/Down
Materials
- Frame
- Foundation: Stone, Brick/Mortar
- Roof: Shingle
Condition
- Year built: 1920
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Private Sewer
- Water: Public
- Utilities for property: for Electric Range, for Electric Oven, for Electric Dryer, Washer Hookup
Community & HOA
Community
- Features: Public Transportation, Shopping, Park, Highway Access, Public School, Sidewalks
Location
- Region: Gloucester
Financial & listing details
- Price per square foot: $218/sqft
- Tax assessed value: $690,000
- Annual tax amount: $7,307
- Date on market: 1/7/2026
- Exclusions: Refrigerator. W/D 1st Ll Remain With Tenants And Excluded From Sale Of Property.
- Total actual rent: 1400
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 10/10/2023 | Sold | $530,000-22%$218/sqft |
Source: MLS PIN #73151327 Report a problem | ||
| 8/30/2023 | Contingent | $679,900$279/sqft |
Source: MLS PIN #73151327 Report a problem | ||
| 8/23/2023 | Listed for sale | $679,900$279/sqft |
Source: MLS PIN #73151327 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,081 | $727,800 |
| 2024 | $7,081 -3.1% | $727,800 +5.5% |
| 2023 | $7,307 | $690,000 |
| 2022 | $7,307 +9.5% | $690,000 +28.6% |
| 2021 | $6,675 +5.2% | $536,600 +4.3% |
| 2020 | $6,345 +6.8% | $514,600 +9.9% |
| 2019 | $5,941 +6.5% | $468,200 +8.5% |
| 2018 | $5,579 +6.2% | $431,500 +8.3% |
| 2017 | $5,255 +3.8% | $398,400 +7.1% |
| 2016 | $5,064 +1.7% | $372,100 +2% |
| 2015 | $4,980 +4.9% | $364,800 -0.2% |
| 2014 | $4,747 +3.5% | $365,700 +0.6% |
| 2013 | $4,586 +0.2% | $363,400 -3.3% |
| 2012 | $4,576 +2.6% | $375,700 -4.7% |
| 2011 | $4,461 +10.8% | $394,400 +2.8% |
| 2010 | $4,025 -6% | $383,700 -14% |
| 2009 | $4,282 +0.2% | $446,000 -5% |
| 2008 | $4,272 +4.6% | $469,500 -1% |
| 2007 | $4,083 +1.3% | $474,200 +2.1% |
| 2006 | $4,032 +11.2% | $464,500 +15.1% |
| 2005 | $3,627 +12.9% | $403,400 +20.6% |
| 2004 | $3,214 +13.2% | $334,400 +29% |
| 2003 | $2,839 +3.8% | $259,300 +25.9% |
| 2001 | $2,734 +7.9% | $206,000 +22.7% |
| 1999 | $2,534 | $167,900 |
Find assessor info on the county website
Neighborhood: 01930
Nearby homes
- $--3 bd1 ba1.1k sqft118 Eastern Ave #3, Gloucester, MA 01930Off Market
- $1,001,8005 bd3 ba2.8k sqft114 Eastern Ave, Gloucester, MA 01930Off Market
- $619,3002 bd1 ba1.1k sqft27 Marina Dr, Gloucester, MA 01930Off Market
- $---- bd1 ba13k sqft123 Eastern Ave, Gloucester, MA 01930Off Market
- $499,1002 bd1 ba1k sqft122 Eastern Ave, Gloucester, MA 01930Off Market
- $563,1002 bd1 ba1.1k sqft124 Eastern Ave #B, Gloucester, MA 01930Off Market
- $733,9003 bd2 ba1.5k sqft124 Eastern Ave #A, Gloucester, MA 01930Off Market
- $531,0003 bd1 ba1k sqft25 Marina Dr, Gloucester, MA 01930Off Market
Nearby schools
GreatSchools rating
- 5/10East Veterans Elementary SchoolGrades: K-5Distance: 0.5 mi
- 5/10Ralph B O'Maley Innovation Middle SchoolGrades: 6-8Distance: 1.6 mi
- 4/10Gloucester High SchoolGrades: 9-12Distance: 1.9 mi
Schools provided by the listing agent
- Elementary: East Gloucester
- Middle: O'maley
- High: Ghs
Source: MLS PIN. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$975,500
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$975,500
- Massachusetts
- Essex County
- Gloucester
- 01930
- 118 Eastern Ave
