Off Market
222 Main St, Gloucester, MA
Gloucester · MA 01930
- $2,590,000
- Price
- 14
- Beds
- 10
- Baths
- 6700
- Sq. ft.
Overview
Property type:
Multi-Family
Year built:
Built in 1900
Units:
10 Units
Lot size:
2,927 Sq.Ft Lot
Price per square foot:
$387 / Sq.Ft
Parking:
No Parking
About this home
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.
Neighborhood & Transit
222 Main St, Gloucester · MA 01930
Nearby transit
Within 0.5 mile, measured straight-line to the nearest station entrance.
-
Gloucester Commuter Rail 1 route 0.48 mi
- Newburyport/Rockport Line
Price Insight
- Days on Market:
- 146 days
- Listing Price:
- $2,590,000
- Price per Sq.Ft:
- $387
- Tax Assessment:
- $894,537 in 2026
- Taxes:
- $694 / Monthly
Home Facts
Interior Features
- Bedrooms
- 14
- Full Bathrooms
- 10
- Half Bathrooms
- 0
- Living Area
- 6,700 Sq.Ft
- Broker Disclosure about Living Area
- estimate
- Kitchen
- Unknown
- Primary Bedroom
- Unknown
- Laundry
- Unknown
- Living levels
- Unknown
- Rooms
- Unknown
- Above grade area
- 6700
- Flooring
- Unknown
- Lead paint
- Unknown
Utilities
- Heating Type
- Unknown
- Heating Zone
- Unknown
- Cooling
- Unknown
- Cooling Zones
- Unknown
- Water
- Unknown
- Sewer
- Unknown
- Electric Features
- Unknown
Exterior Features
- Lot Size
- 2,927 Sq.Ft
- Lot Description
- Unknown
- Exterior Features
- Unknown
Parking
- Garage Parking
- 0 Parking Spaces
- Off Street Parking
- None
Construction Details
- Construction Type
- Unknown
- Siding
- Clapboard, Vinyl
- Roof
- Unknown
Green Features
- Electric Vehicle Charger
- Unknown
- Solar Panels
- Unknown
- Green Certified
- Unknown
- Insulation Features
- Unknown
- Energy Features
- Unknown
Listing information
- Listing agent
- Stephen Martin
- Listing office
- Aluxety
- MLS PIN #
- 73533333
- Disclosure
- Listing agent is partial owner. This disclosure is made in accordance with MA real estate disclosure requirements.
- Disclosure
- estimate