118 Prospect St

2,106 Sq. Ft.
$275 / Sq. Ft.
2,106
Sq. Ft.
$275
per Sq. Ft.

Description

Nestled at 118 Prospect St, Gloucester, MA, this 2 family residence presents a unique opportunity to own a piece of history in a vibrant community, offering a canvas ready for your vision. Within this residence, discover 4 bedrooms thoughtfully positioned to create private retreats, offering a haven for rest and rejuvenation. The home includes 2 full Baths which offer essential fixtures. With 2106 square feet of living area spread across 2 stories, this property offers ample space to shape the layout...Nestled at 118 Prospect St, Gloucester, MA, this 2 family residence presents a unique opportunity to own a piece of history in a vibrant community, offering a canvas ready for your vision. Within this residence, discover 4 bedrooms thoughtfully positioned to create private retreats, offering a haven for rest and rejuvenation. The home includes 2 full Baths which offer essential fixtures. With 2106 square feet of living area spread across 2 stories, this property offers ample space to shape the layout of your dreams either as 2 fam. or large single family, while the 5660 square feet lot provides a setting for outdoor enjoyment. Constructed in 1894, this home carries with it a rich heritage, poised to blend timeless charm with modern aspirations. This Gloucester residence is a promising venture, ready for its transformation into a cherished home. 2 car paved off street parking. Newer gas heating and hot water systems. Waterview Cupola room! Close to all downtown Gloucester has to offer!
  1. Listed by Lane Team • North Shore's Gold Coast Realty
  2. Listed by Peter Lane • North Shore's Gold Coast Realty

Property Details for 118 Prospect Street

Town
Gloucester
Area
MA-Gloucester
Style
Garden
Garage Spaces
0
Parking Spaces
2.00
Parking Spaces Total
2
LISTING UPDATED: 02/11/2026 03:47 PM

Property Details for 118 Prospect Street

StatusSold
MLS #73468938
Days on Market9
Taxes$5,849 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 2 Family
Year Built1894
CountyEssex County

Location

Listing Courtesy of North Shore's Gold Coast Realty, Lane Team; North Shore's Gold Coast Realty, Peter Lane

Sold By William Raveis R.E. & Home Services, Margaret Maher

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Building Information for 118 Prospect Street

Stories3Residences2Year Built1894Building Size-Lot Size0.13 AC / 5,660 SF

Payment Calculator

$3,314 per month

30 year fixed, 6.15% Interest

Principal and Interest

$2,827

Property Taxes

$487

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 118 Prospect Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Tennis Court, Park, Walk/Jog Trails, Medical Facility, Conservation Area, Highway Access, House of Worship, Marina, Public School, T-Station, Sidewalks
  • Current Financing: Cash
  • Living Area: 2106.0
  • Color: Peach
  • SqFt with Basement: No
  • Total Units: 2
  • Waterfront: No
  • Water View: Yes
  • Year Built Details: Actual,Renovated Since
  • Year Built Source: Public Records
Location/School
  • High School: Gloucester
  • Middle School: O'maley
Features
Interior Features
  • Appliances: Range, Refrigerator, Washer, Dryer
  • Basement Features: Full, Walk Out, Interior Access, Concrete Floor
  • Num of Baths: 2.0
  • Num of Full Baths: 2
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 2.00
  • Bathrooms Total Integer: 2
  • FireplaceYN: Yes
  • Fireplaces: 2
  • Flooring: Plywood, Tile, Hardwood, Pine, Wood
  • Interior Features: Ceiling Fan(s), Floored Attic, Walk-Up Attic, Bathroom With Tub & Shower, Living Room, Kitchen, Office/Den
  • SpaYN: No
  • Window Features: Storm Window(s)
Exterior Features
  • Construction: Frame
  • Exterior Features: Balcony/Deck, Garden, Stone Wall
  • Exterior Features: City View(s), Garden Area, Stone Wall, Deck - Wood
  • Lot Description: Corner Lot, Gentle Sloping
  • Patio And Porch Features: Deck - Wood
  • Roof Material: Shingle
  • View: City View(s), Scenic View(s), City
  • View: Yes
  • Waterfront Features: Harbor, 1 to 2 Mile To Beach, Beach Ownership(Public)
  • Waterview Features: Harbor
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Paved Drive, Off-Street, Paved Driveway
  • Open Parking: Yes
  • Parking Features: Paved Drive, Off-Street, Paved Driveway
  • Parking Features: Off-Street, Paved Driveway
Utilities
  • Electric: 220 Volts, Circuit Breakers, 100 Amp Service
  • Heating: Forced Air, Natural Gas, Common, Unit Control
  • Heating: Yes
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Year Round: Yes
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Road Responsibility: Public Maintained Road
  • Road Surface Type: Paved
  • Disclosures: Property being sold in as is condition.
Tax Information
  • Tax ID: 1895192
  • Assessments: $628,200
  • Book: 33507
  • Lot: 21
  • Map: 29
  • Tax Year: 2026
  • Zoning: R5
Building / Association Information
Living Characteristics
  • Beds Total: 4
  • Total Living Levels: 3
Other Building Characteristics
  • Foundation: Granite
  • Foundation Area: 1008.0
  • Levels: 3
  • Heat Units: 1
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: N
  • Levels U1: 2
Unit 2 Description
  • Floor U2: 1
  • Lease U2: N
  • Levels U2: 1
Rental Info
Rental Info
  • Total Actual Rent: $.00

Property History for 118 Prospect Street

DateEvent & SourcePriceAppreciation
Feb 11, 2026

Canceled

MLS PIN #73468987

$629,000—
Feb 11, 2026

Sold

MLS PIN #73468938

$580,000—
Jan 24, 2026

Under Agreement

MLS PIN #73468987

—
Jan 24, 2026

Under Agreement

MLS PIN #73468938

—
Jan 20, 2026

Contingent

MLS PIN #73468987

—
Jan 20, 2026

Contingent

MLS PIN #73468938

—
Jan 15, 2026

Listed (Active)

MLS PIN #73468987

$629,000—
Jan 15, 2026

Listed (Active)

MLS PIN #73468938

$629,000—
Aug 28, 2014

Sold (Public Record)

Public Record #434530686

$330,250

+4.1% / yr

Aug 28, 2014

Sold

MLS PIN #71706533

$330,250—
Jul 8, 2014

Canceled

MLS PIN #71706534

$339,000—
Jul 8, 2014

Contingent

MLS PIN #71706533

—
Jun 26, 2014

Listed (Active)

MLS PIN #71706534

$339,000—
Jun 26, 2014

Listed (Active)

MLS PIN #71706533

$339,000—
May 3, 1990

Sold (Public Record)

Public Record #87006405

$125,000—
DateEvent & SourcePrice
02/11/2026

Canceled

MLS PIN #73468987

$629,000
02/11/2026

Sold

MLS PIN #73468938

$580,000
01/24/2026

Under Agreement

MLS PIN #73468987

—
01/24/2026

Under Agreement

MLS PIN #73468938

—
01/20/2026

Contingent

MLS PIN #73468987

—
01/20/2026

Contingent

MLS PIN #73468938

—
01/15/2026

Listed (Active)

MLS PIN #73468987

$629,000
01/15/2026

Listed (Active)

MLS PIN #73468938

$629,000
08/28/2014

Sold (Public Record)

Public Record #434530686

$330,250

+4.1% / yr

08/28/2014

Sold

MLS PIN #71706533

$330,250
07/08/2014

Canceled

MLS PIN #71706534

$339,000
07/08/2014

Contingent

MLS PIN #71706533

—
06/26/2014

Listed (Active)

MLS PIN #71706534

$339,000
06/26/2014

Listed (Active)

MLS PIN #71706533

$339,000
05/03/1990

Sold (Public Record)

Public Record #87006405

$125,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 118 Prospect Street

Taxable ValueLand$143,000Additions$409,600Total$552,600
Tax Record2025$5,371 ($448 / month)
Home Facts
Baths2Total Finished SqFt2,106 SqFtAbove Grade Finished SqFt2,106 SqFtUnfinished Basement SqFt1,008 SqFtStories2Lot Size5,765 SqFtStyleDuplexYear Built1894ZoningR-5CountyESSEXAPNGLOU M:0029 B:0021 L:0000

Schools near 118 Prospect Street

This home is within Gloucester School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Private - PK to 8
Rating
School
Distance
East Veterans Elementary School
PublicK to 5

Ralph B O'Maley Innovation Middle School
Public6 to 8

Gloucester High School
Public9 to 12

St Ann School
PrivatePK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of North Shore's Gold Coast Realty, Lane Team; North Shore's Gold Coast Realty, Peter Lane

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.