Gloucester, MA Multifamily Homes & Duplexes for Sale

/12
$2,590,000
- 14 Beds
- 10 Baths
- 6,700 Sq Ft
222 Main St, Gloucester, MA 01930

10-unit downtown Gloucester, consisting of 7 residential units & 3 commercial units w/ strong in-place income and long-term upside. The property generates approximately $262,920 in gross annual income w/ operating expenses of ~$71,000, delivering an attractive 7.4% cap rate; increasingly difficult to find in today’s market. Lead compliant certificates for 7 residential units. This asset has been

Steve Martin Aluxety

222 Main St, Gloucester, MA 01930
Explore Gloucester
/32
$607,900

$12K PRICE DROP
- 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
/14
$619,900
- 4 Beds
- 2 Baths
- 1,405 Sq Ft
15 Shepherd St, Gloucester, MA 01930

Next showing @ Open House on Sunday, June 14, 2026 12:30 PM - 2:00 PM Excellent opportunity for both investors and owner-occupants! This beautifully renovated two-family home is located just moments from downtown Gloucester. Recent updates include a new roof, replacement windows, and upgraded heating systems. Unit 1 has been completely renovated with brand-new kitchen & bathroom, while Unit 2 has

Stephen Curcuru MP Realty Group

15 Shepherd 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
/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

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.

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Home Prices in Gloucester, MA

The median home sale price in Gloucester, MA is $716,500, up 2% year-over-year. Homes in Gloucester sell in 38 days on average, compared to the national average of 56 days.

Home Price Trends

Median Sale Price $716,500	Median Single Family Sale Price $775,000
Median Townhouse Sale Price $898,000	Median 2 Bedroom Sale Price $602,000
Median 1 Bedroom Sale Price $340,000	Average Price Per Sq Ft $526
Number of Homes for Sale 49	Last 12 months Home Sales 200
Months of Supply 2.90	Median List Price $749,000
Median Change From 1st List Price 2%	Median Home Sale Price YoY Change 2%

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 $2,590,000, there's a range to accomodate every budget. As of August, 2026 the median home price in Gloucester is $749,000, while the average sale price is $910,544, offering insights into the local housing market. On average, multi-family homes spend 38 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.

Gloucester Types of Homes for Sale

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Gloucester Homes for Sale by Style

Multi-family Homes for Sale in Nearby Neighborhoods

Multi-family Homes for Sale in Nearby Cities

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