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Sold on 10/20/2020

242 Main St, Gloucester, MA 01930

  • $2,578,284

    Last sold 10/20/2020 for $1.45M

  • 9

    bed

  • 6

    bath

  • 8,031

    Sqft ($181/Sqft)

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About 242 Main St

Property type Multi-family
Neighborhood
Year built 1900
HOA fee $0/month
Lot size 0.26 Acre
Movoto estimate
Property description
242 Main Street, is an 11-unit mixed-use property consisting of 5 street-level retail units with individual store-front entrances on Main Street and 6 residential units set back and above the commercial units. The Property contains 8,031 square feet of leasable area on a 0.26-acre parcel. The Property features an attractive street-level façade, updated units, a shared deck, and a large yard at the rear of the Property with a BBQ area and active community garden that is shared by the residential tenants. Overnight parking for residents is available in the neighboring lot. The Property is well-located on a high-traffic section of Main Street in Downtown Gloucester, just one block from Gloucester’s Inner Harbor. The vibrant retail corridor attracts both area residents and tourists visiting the many shops, restaurants and attractions in the area.
Listed by
Listing Agent - Stephen Girolamo
Listing Office - Horvath & Tremblay
Source: MLS Property Information Network, Inc. mls logo
MLS#72694493 • last updated 5 years ago
Movoto checked MLS Property Information Network, Inc. for data 3 minutes ago
Overview
Levels/Style 5
Type Multi-family
MLS # 72694493
SqFt 8031
Status Sold
SubType 5+ Family - 5+ Units Side By Side
Lot Size (Acre) 0.26
Property Tax 9800
Year Built 1900
Short Sale (Y/N) No
Foreclosure (Y/N) No
Interior
# Full Baths 6, 6
Total # of Bedrooms 9, 9
Total # of Rooms 17, 99, 17
# Fireplaces 0, 0
Exterior
Foundation Other (See Remarks)
Exterior Wood, Brick
Roof Asphalt/Fiberglass Shingles, Rubber
Construction Frame, Brick
Parking Desc Other (See Remarks)
Exterior Features Deck
Lot Desc Other (See Remarks)
Amenities / Utilities
Electricity Other (See Remarks)
Utilities: Hot Water Natural Gas
Water Source City/Town Water
HOA Amenities Public Transportation, Shopping, Park, Laundromat, House Of Worship, Private School, Public School, Other (See Remarks)
Location
Waterfront Harbor, Public
Distance to Beach (mi.) 1/2 To 1 Mile
County Essex
APN 713, 1893952
Multifamily Details
# of Units 11
Unit 3 Rent 1450
Unit 4 Rent 1600
Unit 2 Rent 1400
Unit 1 Rent 1450
Lot/ Land Details
Road Type Public
$2.57M
Range: $2.32M-$2.83M
Last 30 days 
  • Oct 2020
    mls logo MLS # 72694493
  • Oct 20, 2020 Sold
    $1,452,500 (+0.2%)
  • Jul 30, 2020 Under Agreement
    —
  • Jul 20, 2020 Listed
    $1,450,000
  • 242 Main St
    $1.45M
  • Central Gloucester
    $536K -33% y/y
  • 01930
    $749K -54% y/y
  • Gloucester
    $917K -20% y/y
No chart available
Statistics calculated by Movoto

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N/A
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.

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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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