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Gloucester, MA Multifamily Homes & Duplexes for Sale

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  • 368 Essex Ave, Gloucester, MA 01930
    368 Essex Ave, Gloucester, MA 01930
    368 Essex Ave, Gloucester, MA 01930
    /31

    $1,299,000

    $200K PRICE DROP
    • 7 Beds
    • 3 Baths
    • 3,831 Sq Ft

    368 Essex Ave, Gloucester, MA 01930

    Investors, developers, and homesteading enthusiasts — take note! Rare opportunity to acquire a 3.7-acre parcel in highly desirable West Gloucester. Includes a spacious three-family home on 2.44 acres plus an additional 1.26-acre lot, sold together. The existing property offers immediate income potential with three units — ideal for multi-generational living or rental income. Beyond investment

    Antonia Tullercash Churchill Properties

    368 Essex Ave, Gloucester, MA 01930
  • 30 Addison St, Gloucester, MA 01930
    30 Addison St, Gloucester, MA 01930
    30 Addison St, Gloucester, MA 01930
    /19

    $699,000

    • 5 Beds
    • 2 Baths
    • 2,032 Sq Ft

    30 Addison St, Gloucester, MA 01930

    Opportunity awaits at this versatile two-family home in the heart of Gloucester. Offering a spacious 3-bedroom unit and an additional 2-bedroom unit, this property is ideal for investors, owner-occupants, or those seeking multi-generational living. Conveniently situated near downtown Gloucester, local beaches, restaurants, shopping, and commuter routes, the location combines everyday convenience

    Lia Giacalone Engel & Volkers By the Sea

    30 Addison St, Gloucester, MA 01930
  • 141 Prospect St, Gloucester, MA 01930
    141 Prospect St, Gloucester, MA 01930
    141 Prospect St, Gloucester, MA 01930
    /32

    $620,000

    • 2 Beds
    • 2 Baths
    • 1,035 Sq Ft

    141 Prospect St, Gloucester, MA 01930

    Rare opportunity to own 2 beautifully renovated condominiums in the heart of Downtown Gloucester! Perfectly located just moments from restaurants, shopping, entertainment, beaches, the waterfront, and train station. This unique property offers the ultimate blend of coastal charm, modern updates, and investment potential, with no car needed. Each thoughtfully updated unit features 1 bedroom, 1

    Kathleen McHugh Churchill Properties

    141 Prospect St, Gloucester, MA 01930
  • 113 Pleasant St, Gloucester, MA 01930
    113 Pleasant St, Gloucester, MA 01930
    113 Pleasant St, Gloucester, MA 01930
    /10

    $599,000

    • 4 Beds
    • 3 Baths
    • 1,800 Sq Ft

    113 Pleasant St, Gloucester, MA 01930

    3 family investment property located in central Gloucester within close proximity to downtown, Burnham's playground and T station. Consists of 1 BR, 2 BR, and 1 BR apartments. 2 units have long term TAW tenants and one unit is currently vacant. Separate utilities for each unit. Enclosed fenced yard and patio area. 1 car off-street parking with room to create1-2 more spaces. Newer roof 2020. Low

    Peter Lane North Shore's Gold Coast Realty

    113 Pleasant St, Gloucester, MA 01930
  • 53 Western Ave, Gloucester, MA 01930
    53 Western Ave, Gloucester, MA 01930
    53 Western Ave, Gloucester, MA 01930
    /26

    $1,800,000

    • 9 Beds
    • 5.5 Baths
    • 4,628 Sq Ft

    53 Western Ave, Gloucester, MA 01930

    The Inn at Babson Court is a 1741 post & beam Colonial overlooking historic Gloucester Harbor and the Fisherman's Memorial. The property is currently used as an inn/multi family. Currently there are 3 "apartments" and 2 suites (no kitchen). Public record states 4 family. Exposed beams and historic charm throughout. Many possibilities exist for its future uses. Plenty of parking behind house

    Michael Beaton Churchill Properties

    53 Western Ave, Gloucester, MA 01930
Massachusetts Essex County Gloucester

Multi-Family Homes & Duplexes for Sale in Gloucester, MA

Why Live in Gloucester

Gloucester, MA, a historic coastal city on the Cape Ann peninsula, is renowned for its picturesque nautical landscapes and rich maritime history. Recognized on CNN’s 2023 list of top small cities in America, Gloucester offers a quintessential New England village feel with rocky coasts and sandy shores. The city is home to the oldest seaport in the United States and a thriving fishing industry, with major companies like the Gloucester Marine Genomics Institute and Gorton’s of Gloucester. About 36 miles from Boston, Gloucester attracts both seasonal and year-round residents seeking a seaside retreat. The city boasts a vibrant art scene, housing the first art colony in America at Rocky Neck, where visitors can explore galleries, exhibitions, and workshops. Gloucester also features several parks and recreational facilities, including the Stacy Boulevard waterfront promenade, Magnolia Woods Recreational Area, and Good Harbor Beach. The Maritime Gloucester museum offers insights into the city’s fishing history, and the downtown area is a hub for shopping and dining, with cafes and restaurants serving fresh seafood and various cuisines. Housing options range from century-old cottages and Cape Cods to contemporary mansions, with prices varying significantly based on location and proximity to the water. Public transportation is available through the Cape Ann Transit Authority and the Newburyport/Rockport commuter rail line, making nearby cities like Salem and Boston accessible. Gloucester Public Schools offer various programs, and private school options are available in nearby Beverly. Summers can be hot, winters snowy, and flooding is a potential risk for waterfront properties.

Learn more about living in Gloucester

Home Trends in Gloucester, MA

On average, homes in Gloucester, MA sell after 43 days on the market compared to the national average of 58 days. The median sale price for homes in Gloucester, MA over the last 12 months is $715,000, up 3% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price
$715,000
Median Single Family Sale Price
$755,000
Median Townhouse Sale Price
$714,000
Median 2 Bedroom Sale Price
$483,000
Median 1 Bedroom Sale Price
$329,000
Average Price Per Sq Ft
$522
Number of Homes for Sale
41
Last 12 months Home Sales
181
Months of Supply
2.70
Median List Price
$749,000
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
3%
How to Buy a Home How to Finance a Home How to Sell a Home

In Gloucester, there are currently 5 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $599,000 to $1,800,000, there's a range to accomodate every budget. As of May, 2026 the median home price in Gloucester is $749,000, while the average sale price is $920,598, offering insights into the local housing market. On average, multi-family homes spend 43 days listed before being sold. Multi-family homes include a variety of property types, from duplexes, triplexes, and fourplexes, to apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're considering a duplex for a beginner investment or an apartment complex for a more substantial venture, there are investment properties available to meet your requirements. Explore the range of multi-family homes for sale in Gloucester, MA.

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