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222 Main St, Gloucester, MA 01930

  • $2,590,000

    •

  • 14

    bed

  • 10

    bath

  • 6,700

    Sqft ($387/Sqft)

Multi-family for sale 19 days
Movoto is helping 14 homebuyers near you

About 222 Main St

Property type Multi-family
Neighborhood
Year built 1900
HOA fee $0/month
Lot size 2,927 Sqft
Movoto estimate
Property description
10-unit downtown Gloucester, consisting of 7 residential units & 3 commercial units w/ strong in-place income and long-term upside. The property generates approximately $262,920 in gross annual income w/ operating expenses of ~$71,000, delivering an attractive 7.4% cap rate; increasingly difficult to find in today’s market. Lead compliant certificates for 7 residential units. This asset has been significantly improved, featuring a new roof, updated siding, newer windows, and a rebuilt rear deck, minimizing near-term capital expenditures. Highly walk-able downtown location, tenants benefit from proximity to shops, restaurants, the waterfront, and public transportation supporting strong rental demand across both residential and commercial units. Ideal for an investor seeking stable cash flow with upside, or a 1031 exchange buyer looking to trade into a larger, higher-performing asset in a prime coastal market.
Listed by
Listing Agent - Stephen Martin
Listing Office - Aluxety
Source: MLS Property Information Network, Inc. mls logo
MLS#73533333 • last updated 2 weeks ago
Movoto checked MLS Property Information Network, Inc. for data 5 minutes ago
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Overview
Levels/Style 5, 5
MLS # 73533333
Type Residential Income
Status Active
SubType 5+ Family - 5+ Units Up/Down
SqFt 6700
Lot Size (SqFt) 2927
Lot Size (Acres) 0.07
Annual Property Tax 8328
Year Built 1900
Interior
Total # of Bathrooms 10
# Full Baths 10
Total # of Bedrooms 14
Basement Partial, Crawl Space, Sump Pump
Total # of Rooms 40
Exterior
Foundation Stone, Brick/Mortar, Granite
Roof Shingle, Rubber
Construction Frame
Parking Desc On Street
Patio/ Porch Deck
Lot Desc Zero Lot Line
Amenities / Utilities
Sewer Public Sewer
Water Source Public
Location
Waterfront Harbor, Ocean, 1/2 To 1 Mile To Beach, Beach Ownership(Public)
County Essex
Community Features Public Transportation, Shopping, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, Public School, T-Station
Zoning CB
APN M:0013 B:0017 L:0000, 1893957
Directions Main Street
Multifamily Details
Net Operating Income 191260
Operating Expense 71660
Total Actual Rent 21810
Financial Data Source Estimated, Projected
Gross Income 262920
Lot/ Land Details
Road Frontage Public
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East Gloucester Elementary School
public Grades K-5
Gloucester School District
3/10
Ralph B O'maley Middle School
public Grades 6-8
Gloucester School District
3/10
Gloucester High School
public Grades 9-12
Gloucester School District
Source: GreatSchools.org © 2026. All rights reserved.

Around Central Gloucester

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76/100
Walk
63/100
Family
34/100
Dining
74/100
Pet
  • Real Estate
  • MA
  • Essex County
  • Gloucester
  • 01930
  • Central Gloucester
  • 222 Main St

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The real estate listing data marked with this icon comes from the IDX program of the Massachusetts Multiple Listing Service™ system.
The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith in 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. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
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