Nestled at 118 Prospect St, Gloucester, MA, this 2 family residence presents a unique opportunity to own a piece of history in a vibrant community, offering a canvas ready for your vision. Within this residence, discover 4 bedrooms thoughtfully positioned to create private retreats, offering a haven for rest and rejuvenation. The home includes 2 full Baths which offer essential fixtures. With 2106 square feet of living area spread across 2 stories, this property offers ample space to shape the layout of your dreams either as 2 fam. or large single family, while the 5660 square feet lot provides a setting for outdoor enjoyment. Constructed in 1894, this home carries with it a rich heritage, poised to blend timeless charm with modern aspirations. This Gloucester residence is a promising venture, ready for its transformation into a cherished home. 2 car paved off street parking. Newer gas heating and hot water systems. Waterview Cupola room! Close to all downtown Gloucester has to offer!
Sold for $580,000
$580,000
118 Prospect St, Gloucester, MA 01930
4beds
2,106sqft
Multi Family
Built in 1894
-- sqft lot
$849,400 Zestimate®
$275/sqft
$4,343 Estimated rent
Home value
$849,400
$773,000 - $934,000
$4,343/mo
Zestimate® history
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$3,613/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Lane Team 978-689-5431,
North Shore's Gold Coast Realty 978-283-4440
Bought with:
Margaret Maher
William Raveis R.E. & Home Services
Source: MLS PIN,MLS#: 73468938
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Forced Air, Natural Gas, Common, Unit Control
Appliances
- Included: Range, Refrigerator, Washer, Dryer
Features
- Ceiling Fan(s), Floored Attic, Walk-Up Attic, Bathroom With Tub & Shower, Living Room, Kitchen, Office/Den
- Flooring: Plywood, Tile, Hardwood, Pine, Wood
- Windows: Storm Window(s)
- Basement: Full,Walk-Out Access,Interior Entry,Concrete
- Number of fireplaces: 2
Interior area
- Total structure area: 2,106
- Total interior livable area: 2,106 sqft
- Finished area above ground: 2,106
Property
Parking
- Total spaces: 2
- Parking features: Paved Drive, Off Street, Paved
- Uncovered spaces: 2
Features
- Patio & porch: Deck - Wood
- Exterior features: Balcony/Deck, Garden, Stone Wall
- Has view: Yes
- View description: City View(s), Scenic View(s), City, Water, Harbor
- Has water view: Yes
- Water view: Harbor,Water
- Waterfront features: Harbor, 1 to 2 Mile To Beach, Beach Ownership(Public)
Lot
- Size: 5,660 Square Feet
- Features: Corner Lot, Gentle Sloping
Details
- Foundation area: 1008
- Parcel number: 1895192
- Zoning: R5
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Frame
- Foundation: Granite
- Roof: Shingle
Condition
- Year built: 1894
Utilities & green energy
- Electric: 220 Volts, Circuit Breakers, 100 Amp Service
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Conservation Area, Highway Access, House of Worship, Marina, Public School, T-Station, Sidewalks
Location
- Region: Gloucester
Financial & listing details
- Price per square foot: $275/sqft
- Tax assessed value: $628,200
- Annual tax amount: $5,848
- Date on market: 2/2/2026
- Total actual rent: 0
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 2/11/2026 | Sold | $580,000-7.8%$275/sqft |
Source: MLS PIN #73468938 Report a problem | ||
| 1/21/2026 | Contingent | $629,000$299/sqft |
Source: MLS PIN #73468938 Report a problem | ||
| 1/15/2026 | Listed for sale | $629,000+90.5%$299/sqft |
Source: MLS PIN #73468938 Report a problem | ||
| 8/28/2014 | Sold | $330,250-2.6%$157/sqft |
Source: Public Record Report a problem | ||
| 6/28/2014 | Listed for sale | $339,000+171.2%$161/sqft |
Source: North Shore's Gold Coast Realty #71706533 Report a problem | ||
| 5/3/1990 | Sold | $125,000$59/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,274 | $542,000 |
| 2024 | $5,274 -8.1% | $542,000 +0% |
| 2023 | $5,739 | $541,900 |
| 2022 | $5,739 +10.5% | $541,900 +29.8% |
| 2021 | $5,194 +5.6% | $417,500 +4.6% |
| 2020 | $4,920 +7.8% | $399,000 +10.9% |
| 2019 | $4,566 +7.4% | $359,800 +9.4% |
| 2018 | $4,253 +6.5% | $328,900 +8.6% |
| 2017 | $3,995 +4.1% | $302,900 +7.4% |
| 2016 | $3,838 +1.9% | $282,000 +2.2% |
| 2015 | $3,766 +5.8% | $275,900 +0.6% |
| 2014 | $3,559 -9.1% | $274,200 -11.6% |
| 2013 | $3,915 +1.7% | $310,200 -1.9% |
| 2012 | $3,850 +6.1% | $316,100 -1.5% |
| 2011 | $3,629 +0.2% | $320,900 -7.1% |
| 2010 | $3,623 +0.4% | $345,400 -8.1% |
| 2009 | $3,607 +1.7% | $375,700 -3.6% |
| 2008 | $3,545 +4.1% | $389,600 -1.5% |
| 2007 | $3,405 -0.8% | $395,500 |
| 2006 | $3,433 +15.9% | $395,500 +20.1% |
| 2005 | $2,961 +4.7% | $329,400 +11.9% |
| 2004 | $2,829 -1.1% | $294,400 +12.7% |
| 2003 | $2,860 +8.5% | $261,200 +31.5% |
| 2001 | $2,635 +24% | $198,600 +41.1% |
| 1999 | $2,125 | $140,800 |
Find assessor info on the county website
Neighborhood: 01930
Nearby homes
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- $735,8005 bd3 ba2.1k sqft5 Allen St, 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: 1.2 mi
- 4/10Gloucester High SchoolGrades: 9-12Distance: 0.9 mi
Schools provided by the listing agent
- Middle: O'maley
- High: Gloucester
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
$849,400
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
$849,400
- Massachusetts
- Essex County
- Gloucester
- 01930
- 118 Prospect St
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