Character, charm and potential define this 1873 Italianate Colonial with a sensational water view beyond Gloucester Harbor and the breakwater. Owned by the same family for almost 100 years, this versatile property with a separate apartment - for guests, generational living or rental - is in a multi-family zone. Additional highlights include 2,203+ sf of living space, 4 bedrooms, 2 full baths, eat-in kitchen, enclosed front porch, and captivating period details like the built-in china cabinet in the generous dining room with a sweet bay window bump out, striking etched glass window and original woodwork and rosewood newel post. One-of-a-kind, the 3-story home also offers new owners the opportunity to create personalized living spaces from the lower level to the top floor with all 4 bedrooms or add more living space by expanding into the large backyard. Hardwood flooring and oversized windows accent many rooms in this classic property near the New Balance Stadium and picturesque harbor. Minutes to shops, dining, parks, and schools. Don't miss this rare opportunity to be the new stewards of this versatile property!