Gloucester Homes under $350,000

Welcome to Gloucester, Massachusetts – a picturesque coastal city that beautifully blends rich history with modern charm. Nestled in Essex County, Gloucester boasts stunning ocean views, vibrant arts scenes, and a warm community spirit that makes it a sought-after destination for homebuyers. Known as one of the oldest fishing ports in the United States, this city is steeped in maritime tradition, offering residents a unique lifestyle that celebrates both the sea and the land.

If you're looking for affordable housing options, Gloucester has a variety of homes available under $350,000. This is a fantastic opportunity for first-time homebuyers, families, or anyone looking to invest in a slice of New England paradise without breaking the bank. From quaint single-family homes to cozy condominiums, the real estate market here offers diverse options that cater to different tastes and lifestyles.

Imagine waking up to the sound of waves crashing against the shore or taking a leisurely stroll along the scenic beaches, such as Good Harbor Beach or Wingaersheek Beach, both just a stone's throw away from your front door. With its rich cultural offerings, including galleries, theaters, and local seafood restaurants, Gloucester is not just a place to live; it's a place to thrive.

Whether you're drawn by the historic charm, the stunning landscapes, or the friendly community, Gloucester is ready to welcome you home. Explore our listings today and discover your dream home in this delightful coastal city!

Newest Gloucester Homes under $350,000

$329,000

1 Beds ⋅ 1 Baths ⋅ 73581794 MLS ⋅ ['Harborview Condominium'] BLDG.

Enjoy carefree coastal living in this beautifully renovated 1-bedroom, 1-bath condominium located in a professionally managed, elevator-serviced building in Gloucester's beautiful village of Magnolia! Just moments from the beach and ocean, this light-filled, one-level home offers stylish updates throughout and a highly sought-after low-maintenance lifestyle.The stunning kitchen features stainless steel appliances, soft-close cabinetry with a sophisticated stone finish, quartz countertops, a classic white subway tile backsplash, recessed lighting, and under-cabinet illumination. The thoughtfully renovated bathroom showcases a tiled walk-in shower with glass enclosure, radiant heated tile flooring, pedestal sink, and updated fixtures.Beautiful wide pine flooring extends throughout the living room, kitchen, and bedroom, creating warmth and character. A newer sliding glass door opens to a private covered balcony, the perfect place to relax and enjoy refreshing ocean breezes and picturesque sunset views.Additional amenities include deeded parking for one vehicle, common laundry facilities, and a dedicated lower-level storage closet. Ideal for downsizers, second-home buyers, or anyone seeking easy living by the sea, this move-in-ready home offers the perfect blend of comfort, style, and coastal charm.

44 Lexington Ave Unit 37, Gloucester

Listing courtesy of Listing Agent: Kelly Hurley Blagden from Listing Office: Keller Williams Realty Evolution.

$299,000

1 Baths ⋅ 73578740 MLS ⋅ ['Ocean Breeze Condominiums'] BLDG.

A little piece of New England history is waiting for you by the cliffs of Cape Ann. Experience a true gem of North Shore living in Gloucester’s famed Magnolia neighborhood. Located on the site of the legendary Grande Dame Oceanside Hotel, this charming and cozy studio brings coastal living right to your doorstep—for just $299K! Step outside to sweeping views of the Atlantic Ocean in one direction and Magnolia’s beloved shops, restaurants, library, and post office in the other. And that’s only the beginning. Nearby beaches include Gray Beach, Black Beach, and Singing Beach, while the scenic Coolidge Reservation and Rafe’s Chasm are just minutes away. A true nature lovers paradise! For the perfect end to the day, stroll down Magnolia Pier and take in a beautiful sunset. Back home, enjoy convenient private parking, dedicated storage for your beach and outdoor gear, and a covered porch—the perfect spot for a relaxing meal or drink. Come see what makes this opportunity so special. Open houses: Saturday, 9/19, from 10:00–11:30 a.m. and Sunday, 9/20, from 11:00 a.m.–12:30 p.m.

54 Lexington Ave Unit 32, Gloucester

Listing courtesy of Listing Agent: Kurt Coleman from Listing Office: Coldwell Banker Realty - Brookline.

$274,900

2 Beds ⋅ 1 Baths ⋅ 73570916 MLS ⋅ ['Cleveland Place'] BLDG.

Welcome to 16 Cleveland Place, Unit 8, a first-floor corner unit tucked away in a quiet, well-maintained Gloucester community. With windows on three sides and a wooded setting just outside, this 2-bedroom, 1-bath condo offers plenty of natural light, privacy and a comfortable layout. Move right in and enjoy as-is, or bring your own style and updates over time. The unit features in-unit laundry, a back door leading to a wooded patio area, and an assigned parking space directly in front. All major appliances are included, including the refrigerator, range, microwave, dishwasher, washer and dryer. Enjoy a peaceful setting on a dead-end street while remaining close to downtown Gloucester, the commuter rail, waterfront, beaches and Route 128. Condo fee includes water, master insurance, exterior maintenance, landscaping, snow removal, trash removal and more. Pets permitted with restrictions. A great opportunity for easy, low-maintenance living on the North Shore.

16 Cleveland Place Unit 8, Gloucester

Listing courtesy of Listing Agent: Gifford Group from Listing Office: Churchill Properties.

$325,000

1 Baths ⋅ 73569899 MLS

Prime Downtown Gloucester Residential/ Commercial Opportunity! This stand alone commercial condominium offers a rare opportunity to own a distinctive property in the heart of Gloucester. Ideally located on Washington Street, this versatile property is well suited for an owner user, professional office, retail, service business, or investor looking to establish a presence in one of Cape Ann’s most vibrant communities. The layout provides excellent visibility and flexibility, potential for residential expansion while the central location offers convenient access to downtown Gloucester, Main Street, the waterfront, restaurants, shops, and local amenities. With its unique character and outstanding location this property presents an exciting opportunity to own commercial real estate in downtown Gloucester. Explore the possibilities and bring your business vision to life!

27 Washington St Unit 27, Gloucester

Listing courtesy of Listing Agent: Irma Fountain from Listing Office: Keller Williams Realty Evolution.

$295,500

1 Beds ⋅ 1 Baths ⋅ 73565388 MLS

Welcome to The Heights of Gloucester! This charming one-bedroom condo offers coastal living with beautiful elevated views overlooking the Annisquam River. Ideally located just minutes from all that historic Gloucester has to offer, including its beaches, restaurants, shops, and vibrant downtown.Enjoy an array of wonderful community amenities, including a beautiful in-ground pool, clubhouse, grilling area with fire pit, and fitness center. Inside you have an eat in kitchen w/stainless steel appliances, nice size living room to relax in and ample closet space. With so much to offer, this is an opportunity you won’t want to miss—all for just $295,500!

145 Essex Avenue Unit 405, Gloucester

Listing courtesy of Listing Agent: Tracy Johnson from Listing Office: Lyv Realty.

$304,900

2 Beds ⋅ 1 Baths ⋅ 73551541 MLS

Welcome to the Residences at Cape Ann! Top floor Garden-level 2-bedroom, 1-bathroom condo with 2 deeded off-street parking spaces and river views on Cape Ann. This 733-square-foot unit features a brick exterior, a porch, hot water baseboard heat, and wall AC. The condo fee includes heat, hot water, water, sewer, master insurance, and access to the swimming pool, exercise room, clubroom, and on-site laundry with river views. Access nearby to Rt. 128 which connects to the North Shore and Greater Boston, and the Gloucester commuter rail station is a short drive away. A solid entry point into condo ownership in Gloucester!

145 Essex Ave Unit 424, Gloucester

Listing courtesy of Listing Agent: Fermin Group from Listing Office: Century 21 North East.

$295,000

1 Beds ⋅ 1 Baths ⋅ 73517482 MLS

Experience the best of coastal living in the heart of Downtown Gloucester! Ideally located just moments from restaurants, cafés, shopping, entertainment, the waterfront, beaches, and the train, this charming top-floor 1-bedroom condo offers the perfect blend of convenience, comfort, and style. Filled with natural light, this sunny home features an open-concept living, dining & kitchen area that feels spacious and inviting. The beautifully updated kitchen showcases new cabinetry, countertops, and appliances, hardwood flooring throughout adds warmth and character. Upgrades include an updated bath and a new energy-efficient mini-split system for year-round comfort. Additional improvements have just been completed, these include additional insulation, vapor barrier and new dehumidifier system. Enjoy relaxing on your private, cozy back deck. Part of a newly converted 2 unit condominium property, this home is also available as part of a multi-family offering. Whether looking for the perfect weekend getaway, investment opportunity, or year-round residence, this unbeatable location means you can leave the car behind!

141 Prospect St Unit B, Gloucester

Listing courtesy of Listing Agent: Kathleen McHugh from Listing Office: Churchill Properties.

$279,000

1 Beds ⋅ 1 Baths ⋅ 73517477 MLS

Live the ultimate coastal lifestyle in the heart of Downtown Gloucester! Perfectly located just moments from vibrant restaurants, waterfront dining, beaches, shopping, entertainment, and the train station, this beautifully renovated one-bedroom condo offers convenience, charm, and modern comfort all in one. Step inside to discover a bright and inviting open-concept living, dining, and kitchen space designed for easy everyday living. The stunning new kitchen features stylish cabinetry, updated countertops, and brand-new appliances, while the bathroom boasts a gorgeous shower, storage, and beautiful finishes. Additional improvements have just been completed, these include additional insulation, vapor barrier and new dehumidifier system. A perfect get-away or primary residence, no car needed in this convenient location! Part of a newly converted 2 unit condominium property, this home is also available for sale as part of a multi-family offering.

141 Prospect St Unit A, Gloucester

Listing courtesy of Listing Agent: Kathleen McHugh from Listing Office: Churchill Properties.

$325,000

2 Beds ⋅ 2 Baths ⋅ 73482377 MLS ⋅ ['Pondview Village 1'] BLDG.

Virtual staging illustrates the potential of this lovely unit. Prior to closing, the owner will pay off the assessment for the unit’s share of the 6th-floor window project, so the purchaser will have no remaining monthly assessment related to the window project.This thoughtfully designed, top-floor, single-level loft-style condominium blends modern comfort with historic character in the desirable Pondview Village factory conversion. Filled with natural light, the open-concept layout features soaring ceilings and oversized windows, creating an inviting setting for both everyday living and entertaining. Enjoy scenic views of Lower Banjo Pond and the surrounding woodlands from your home. Conveniently located near downtown Gloucester, The Boulevard, and the West Gloucester commuter rail station, with easy access to Route 128, this home offers both a peaceful setting and excellent connectivity. Additional features include in-unit washer and dryer, elevator access, two assigned off-street parking spaces, new windows, fresh paint, exterior improvements, and a brand-new dishwasher. The community is pet friendly with restrictions. A unique opportunity to enjoy loft-style living, abundant natural light, and beautiful pond and woodland views in a convenient Gloucester location.

24 Cobblestone Ln Unit 603, Gloucester

Listing courtesy of Listing Agent: Kimberly Tipert Noyes from Listing Office: Engel & Volkers By the Sea.

$250,000

1 Baths ⋅ 73457677 MLS

Iconic and storied East Gloucester location with amazing potential! First floor commercial condo unit is formerly Duckworth's Bistrot. This space could be a restaurant, office or business. Consists of a large great room with beautiful floor to ceiling windows, half bath, kitchen and washroom. Outdoor space currently holds a walk-in refrigerator but could be a patio space. You are in the heart of East Gloucester with Smith Cove on your doorstep, North Shore Art Association around the corner and Rocky Neck minutes away.

197 E. Main Unit 1, Gloucester

Listing courtesy of Listing Agent: Andree Gillian Group from Listing Office: Engel & Volkers By the Sea.

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