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118 Eastern Ave

Gloucester, MA 01930
$530,000
5 Beds
2 Baths
2,436 Living Area
  • Property Description
    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.
  • Highlights
    • Parking Spots: 8
    • Property Type: 2 Family - 2 Units Up/Down
    • Year Built: 1920
    • Property Class: Residential Income
    • Total Rooms: 11
    • Status: Closed
  • Additional Details
    • Appliances: Unit 1(Range), Utility Connections for Electric Range, Utility Connections for Electric Oven, Utility Connections for Electric Dryer
    • Construction: Frame
    • Exterior Features: Porch, Deck - Wood, Covered Patio/Deck, Garden Area
    • Flooring: Tile, Vinyl, Carpet, Unit 1(undefined), Unit 2(Wall to Wall Carpet, Stone/Ceramic Tile Floor)
    • Interior Features: Unit 1(Storage, Bathroom With Tub), Unit 2(Ceiling Fans, Pantry, Storage, Upgraded Cabinets, Bathroom With Tub, Open Floor Plan), Unit 1 Rooms(Living Room, Kitchen), Unit 2 Rooms(Living Room, Kitchen, Family Room, Office/Den)
    • Road Frontage Type: Public
    • Total Number of Units: 2
    • Year Built Source: Public Records
    • Basement: Partial, Unfinished
    • Exclusions: Refrigerator. W/D 1st Ll Remain With Tenants And Excluded From Sale Of Property.
    • Fireplaces: 1
    • Foundation: Stone, Brick/Mortar
    • Lot Features: Cleared, Gentle Sloping
    • Roof: Shingle
    • Year Built Details: Approximate
    • Zoning: R-10
  • Amenities
    • Community Features: Public Transportation, Shopping, Park, Highway Access, Public School, Sidewalks
    • Parking Features: Paved Drive, Off Street, Deeded, Paved
    • Covered Parking Spaces: 2
    • Waterfront Features: Beach Front, Ocean, 1/10 to 3/10 To Beach, Beach Ownership(Public)
  • Utilities
    • Electric: Circuit Breakers
    • Water Source: Public
    • Sewer: Private Sewer
  • Fees / Taxes
    • Assessed Value: $690,000
    • Compensation Based On: Net Sale Price
    • Tax Year: 2023
    • Total Rent: $1,400
    • Buyer Agent Compensation: 2%
    • Facilitator Compensation: 1%
    • Taxes: $7,307

Location

118 Eastern Ave, Gloucester, MA 01930

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Content © 2026 MLS Property Information Network, Inc. The information in this listing was gathered from third party resources including the seller and public records. Listing information provided courtesy of Vadala Real Estate. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
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