Active
29 Days on market
137 Prospect St. Gloucester — Photo 1 of 42

137 Prospect St. Gloucester — Photo 1 of 42

Recent Drop: $101,001

$797,000
$695,999

$695,999

137 Prospect St., Gloucester, MA 01930

Gloucester, MA 01930 — Downtown

Beds

3

Baths

2

SqFt

1,568

Style

Single Family

Built

1900

Wake up to harbor views, spend your evenings watching Fourth of July fireworks from your private third-floor deck, and enjoy the best of downtown Gloucester from one of its most unique homes. This beautifully updated 3-bedroom, 2-bath single-family home offers 1,568 square feet of living space across three distinctive levels, creating a layout that feels remarkably spacious and full of character. Multiple rooms feature ceilings over 9 feet high, adding to the home's open, airy feel, while the top-floor office overlooks Gloucester Harbor, making working from home anything but ordinary. The renovated kitchen features a center island with bar seating, white cabinetry, and stainless steel appliances, flowing seamlessly into the dining and living spaces. Step outside to a backyard designed for enjoying the coastal lifestyle, with a fire pit for summer nights, an outdoor shower after a day at the beach, and a convenient side dog run for four-legged family members. Just steps from Main Street's shops, restaurants, galleries, and waterfront, less than a mile from St. Peter's Fiesta, and approximately 1.5 miles from Good Harbor Beach, this home offers an exceptional combination of coastal charm, downtown walkability, outdoor living, and privacy. A dry basement with approximately 375 square feet of storage adds valuable functionality.

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$444/sqft
Local Avg (Gloucester)$555/sqft
20% BelowMarket Average

* Analysis is based on 24 actively listed and recently sold comparable properties strictly within Gloucester, MA.

Property Details

Financials

Original Price$797,000
Annual Taxes$5,049

Parking

Garage0
Off-Street0

Interior Specifications

Total Rooms11
FireplacesNone
FlooringWood
BasementUnfinished

Climate & Utilities

HeatingHot Water
CoolingWindow Unit(s)
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
Roof--
FoundationGranite
ZoningB2

Property & Lot

Acres0.04
SqFt Lot1,700
Lot FeaturesOther

Amenities & Appliances

Gas Water Heater • Range • Dishwasher • Washer • Dryer

Neighborhood

Public Transportation

Geography

Floorplan Breakdown

Structural Layout

Second
Master BedroomBedroom 2
First
Living RoomDining RoomKitchenFamily RoomBedroom 3
Living Room
Lvl First

Beamed Ceilings, Flooring - Hardwood

Dining Room
Lvl First

Flooring - Hardwood, Crown Molding

Kitchen
Lvl First

Flooring - Wood, Crown Molding

Family Room
Lvl First
Master Bedroom
Lvl Second

Cathedral Ceiling(s), Closet, Flooring - Hardwood

Bedroom 2
Lvl Second
Bedroom 3
Lvl First

Walk-In Closet(s), Flooring - Hardwood

Property History

Price Drop
$695,999

Was $730,000

Sep 4, 2026

MLS® 73561841

Price Drop
$730,000

Was $797,000

Aug 22, 2026

MLS® 73561841

Listed
$797,000

Aug 11, 2026

MLS® 73561841

Population

30,075

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$84K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

36.0%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Essex County

992 housing units permitted in the last 12 months (-15% vs the prior 12 months) — 515 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jun '26)

ADU Potential

Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 784 sq ft (the lesser of 900 sq ft or half the 1,568 sq ft principal dwelling). Lot size: 1,700 sq ft.

Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.

Listing Provided By

Listing Agent: Dave Huddleston

Listing Office: Huddleston Homes LLC

MLS® Number: 73561841

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