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INVESTMENT SNAPSHOT
About this property
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 including a 2 car garage (ADU?). 4-100amp electric service panels plus house meter. Common decks and patio, covered outside sitting area. Beach and harbor across the street!
Property details
| Units | 5 |
| Living area | 4,628 sqft |
| Lot size | 5,648 sqft |
| Year built | 1741 |
| Price / sqft | $389 |
| County | Essex |
| MLS # | 73523157 |
Listing status
| Days on market | 4 days |
| Listed on | May 23, 2026 |
Taxes & financials
| Annual property tax | $11,818 |
| Tax year | 2026 |
| Assessed value | $1,269,400 |
| Zoning | R-5 |
| Total actual rent | $0/mo |
Building & lot
| Stories | 6 |
| Total rooms | 18 |
| Lot size | 0.13 acres |
| Garage spaces | 2 |
| Parking spaces | 8 |
| Parking | Off Street |
| Basement | Partial |
| Foundation | Granite |
| Roof | Rubber |
| Construction | Post & Beam |
| Flooring | Wood |
Utilities & systems
| Heating | Steam, Oil |
| Sewer | Public Sewer |
| Water | Public |
| Utilities | for Gas Range, for Electric Range |
| Appliances | Range, Refrigerator |
Location
More about investing in Gloucester →
Listing courtesy of Churchill Properties — Michael Beaton. Listing data © MLS PIN.
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Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 53-55 Western Ave, Gloucester MA 01930 have?
It is a 5-unit multi-family property with 4,628 sqft of living area, built in 1741.
How long has 53-55 Western Ave, Gloucester MA 01930 been on the market?
53-55 Western Ave, Gloucester MA 01930 has been listed for 4 days (since May 23, 2026).
What is the estimated cap rate on this 5-family in Gloucester?
Based on area median rents, the estimated cap rate is about 4.5%, with a Signal Score of 80/100. These are directional estimates, not an appraisal.
What is the price per unit?
At a list price of $1,800,000 across 5 units, that works out to roughly $360,000 per unit.
What are the property taxes on 53-55 Western Ave, Gloucester MA 01930?
Annual property taxes are $11,818 (2026), on an assessed value of $1,269,400.
What is the price per square foot?
At $1,800,000 for 4,628 sqft, that's about $389 per square foot.
Is there parking?
2 garage spaces and 8 total parking spaces (off street).
Where is this property located?
53-55 Western Ave, Gloucester MA 01930 is in Gloucester, Essex County, MA 01930.
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