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Magnolia Multifamily Home for Sale

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    $950,000

    • 1,932 Sq Ft

    3 Lexington Ave, Gloucester, MA 01930

    Attention Contractors, Developers and savvy Investors! This is a great opportunity to obtain this 3 multifamily mixed used project in the heart of beautiful Magnolia near the beach, ready to go this season! This property has an existing first floor commercial unit already built and just needs finished details inside. With an incredible 13 nicely paved parking spots and beautiful fenced lot and

    Gabriela DeBenedicitis Coldwell Banker Realty - Manchester

    3 Lexington Ave, Gloucester, MA 01930

About Magnolia

Magnolia, a neighborhood in Gloucester, offers a diverse range of housing styles, including ranch-style homes, Cape Cods, New Englander styles, and Colonial Revival-inspired homes, many of which were built between the 1880s and 1980s. These homes often feature muted colors and modest-sized yards with porches and personal gardens. Outdoor attractions in Magnolia include the scenic Gray Beach, also known as Magnolia Beach, and Magnolia Pier, ideal for fishing and enjoying Massachusetts Bay views. Ravenswood Park, a short drive away, provides over 10 miles of shaded gravel trails. The Magnolia Library and Community Center, a community staple since 1886, hosts various events and offers study spaces. History enthusiasts can visit the Hammond Castle Museum, which houses European artifacts. Dining options include GrillFriends Restaurant, known for comfort food, and Magnolia 525 Tavern, offering cocktails and seafood. The Magnolia Community Farmers' Market operates every Sunday from mid-June to mid-September. The neighborhood is pedestrian-friendly, with ample sidewalks connecting the beach to shops on Lexington Avenue. For commuters, the West Gloucester commuter rail station is less than 4 miles away, and major highways like Interstate 95 and U.S. Route 1 are accessible via the Yankee Division Highway. Addison Gilbert Hospital is 5 miles away, and Boston Logan International Airport is 40 miles to the south. Students attend Gloucester Public Schools, which are highly rated and known for their athletic programs.

Home Trends in Magnolia, MA

Home Trends

Median Price (12 Mo)
$737,500
Median Single Family Price
$831,250
Median 2 Bedroom Price
$660,000
Median 1 Bedroom Price
$899,000
Average Price Per Sq Ft
$520
Number of Homes for Sale
7
Last 12 months Home Sales
16
Months of Supply
5.30
Median List Price
$789,000
Median Discount From 1st List Price
1%
Median Home Sale Price YoY Change
21%
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