Investing in Gloucester Multi-Family Homes

A live snapshot of the Gloucester, MA multi-family market — 8 active listings.

Gloucester is one of Greater Boston's active multi-family markets, with 8 income properties currently for sale at a median price of $1,274,500 and a median estimated cap rate around 4.2%. Whether you're buying your first two- or three-family or expanding a portfolio, the listings below are each scored for investment potential so you can compare deals at a glance.

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◆ 99

$599,000

113 Pleasant St, Gloucester MA 01930

3 units 4 bd3 ba1,800 sqft

Cap rate8.2%

Signal Score99

$/unit$199,667

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◆ 89

$620,000

141 Prospect St, Gloucester MA 01930

2 units 2 bd2 ba1,035 sqft

Cap rate5.3%

Signal Score89

$/unit$310,000

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◆ 80

$1,800,000

53-55 Western Ave, Gloucester MA 01930

5 units 9 bd6 ba4,628 sqft

Cap rate4.5%

Signal Score80

$/unit$360,000

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◆ 70

$1,299,000

368 Essex Ave, Gloucester MA 01930

3 units 7 bd3 ba3,831 sqft

Cap rate3.8%

Signal Score70

$/unit$433,000

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$619,900

15 Shepherd St, Gloucester MA 01930

2 units 4 bd2 ba1,405 sqft

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◆ 55

$1,850,000

28 Eastern Point Road, Gloucester MA 01930

3 units 10 bd10 ba5,050 sqft

Cap rate2.7%

Signal Score55

$/unit$616,667

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$1,250,000

23 Mount Vernon St, Gloucester MA 01930

5 units 11 bd5 ba3,416 sqft

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◆ 40

$2,100,000

9 Oxford Rd, Gloucester MA 01930

2 units 5 bd4 ba5,111 sqft

Cap rate1.6%

Signal Score40

$/unit$1,050,000

Prices in Gloucester currently run from $599,000 to $2,100,000, or about $335,000 per unit at the median. Multi-family inventory moves quickly when the numbers work, so save a search to get alerted the moment a new Gloucester deal hits the market — or open any listing and run your own numbers in the property analyzer.