Movoto Real Estate
Sold on 08/29/2023

118 Eastern Ave, Gloucester, MA 01930

  • $556,000

    Last sold 08/29/2023 for $530K

  • 5

    bed

  • 2

    bath

  • 2,436

    Sqft ($218/Sqft)

Multi-family not for sale
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About 118 Eastern Ave

Property type Multi-family
Neighborhood
Year built 1920
HOA fee $0/month
Lot size 0.6 Acre
Movoto estimate
Parking 2 garage spaces
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.
Listed by
Listing Agent - Stacey Simpson
Listing Office - Century 21 North East
Source: MLS Property Information Network, Inc. mls logo
MLS#73151327 • last updated 2 years ago
Movoto checked MLS Property Information Network, Inc. for data 4 minutes ago
Overview
Levels/Style 3
MLS # 73151327
Type Residential Income
Status Closed
SubType 2 Family - 2 Units Up/Down
SqFt 2436
Lot Size (SqFt) 26010
Lot Size (Acres) 0.6
Annual Property Tax 7307
Year Built 1920
Property Condition Unit 2 Remodeled
Interior
Total # of Bathrooms 2
# Full Baths 2
Total # of Bedrooms 5
Basement Partial, Unfinished
Total # of Rooms 11
Laundry Washer Hookup, Unit 1 Laundry Room, Unit 2 Laundry Room
Flooring Tile, Vinyl, Carpet, Unit 1(undefined), Unit 2(Wall To Wall Carpet, Stone/Ceramic Tile Floor)
Appliances Unit 1(Range), Utility Connections For Electric Range, Utility Connections For Electric Oven, Utility Connections For Electric Dryer
# Fireplaces 1
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)
Window Features Insulated Windows
Exterior
Foundation Stone, Brick/Mortar
Roof Shingle
Construction Frame
# Covered Spaces 2
Parking Desc Paved Drive, Off Street, Deeded, Paved
# Parking Spaces 8
# Garage Spaces 2
Exterior Features Porch, Deck - Wood, Covered Patio/Deck, Garden Area
Patio/ Porch Porch, Deck - Wood, Covered
Lot Desc Cleared, Gentle Sloping
Amenities / Utilities
Sewer Private Sewer
Utilities For Electric Range, for Electric Oven, for Electric Dryer, Washer Hookup
Electricity Circuit Breakers
Water Source Public
Location
Waterfront Beach Front, Ocean, 1/10 To 3/10 To Beach, Beach Ownership(Public)
County Essex
Community Features Public Transportation, Shopping, Park, Highway Access, Public School, Sidewalks
Elementary School East Gloucester
Middle School O'maley
High School Ghs
Zoning R-10
APN 1906563
Directions Rte 128 To Rte 127 To 118 Eastern Ave
Multifamily Details
Net Operating Income 16800
Total Actual Rent 1400
Gross Income 16800
Lot/ Land Details
Road Frontage Public
Road Responsibility Public Maintained Road
Road Surface Paved
$556K
Range: $505K-$606K
Last 30 days 
  • Oct 2023
    mls logo MLS # 73151327
  • Oct 13, 2023 Sold
    $530,000 (-22.0%)
  • Aug 30, 2023 Active
  • Aug 23, 2023 Listed
    $679,900
  • 118 Eastern Ave
    $530K
  • East Gloucester
    $995K -27% y/y
  • 01930
    $749K -54% y/y
  • Gloucester
    $854K -20% y/y
No chart available
Statistics calculated by Movoto

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3/10
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Source: GreatSchools.org © 2026. All rights reserved.

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  • 118 Eastern Ave
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