222 Main StreetGloucester, MA 01930MLS Number 73533333

  • Price: $2,590,000
  • Est. Mortgage of $/month
  • 2 Days on Market
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Federal 30-year interest rate: 6.48% last updated on Jun 4, 2026
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
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222 Main Street Gloucester MA 01930222 Main Street Gloucester MA 01930222 Main Street Gloucester MA 01930222 Main Street Gloucester MA 01930222 Main Street Gloucester MA 01930222 Main Street Gloucester MA 01930222 Main Street Gloucester MA 01930222 Main Street Gloucester MA 01930222 Main Street Gloucester MA 01930222 Main Street Gloucester MA 01930222 Main Street Gloucester MA 01930222 Main Street Gloucester MA 01930
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  • 14Bedrooms
  • 0.07Acreage
  • 10Bathrooms
  • 1900Year Built

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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 Stephen Martin of Aluxety

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More Info

Basic Information

  • Gross Income $262,920
  • Listing Terms Contract
  • Lot Features Zero Lot Line
  • Mls StatusNew
  • Parcel Number M:0013 B:0017 L:0000,1893957

Location

  • Address222 Main Street
  • Building Number222
  • CountyEssex
  • StateMA
  • StreetMain Street
  • TownGloucester
  • Zip01930

Property Information

  • Building Area Source Other
  • Living Area 6,700
  • Lot Size Square Feet 2,927
  • Lot Size Units Acres
  • Square Feet6,700

Water Body

  • Miles to Beach1
  • Waterfront Features Harbor, Ocean,1/2 to 1 Mile To Beach, Beach Ownership(Public)

Tax Information

  • Tax Assessed Value $894,537
  • Tax Year 2026
  • Taxes$8,328

Rooms

  • Bathroom10
  • Bathrooms Total Decimal 10
  • Bedrooms14
  • Full Bath10

Building

  • BasementPartial, Crawl Space, Sump Pump
  • Building Area Units Square Feet
  • Construction Materials Frame
  • FoundationStone, Brick/Mortar, Granite
  • Levels 5
  • Patio And Porch Features Deck
  • Rooms40
  • Stories5
  • Units10
  • Year Built1900
  • Year Built Details Approximate
  • Year Built Source Public Records

Other

  • Date Listed06/10/2026
  • Farm Land Area Units Square Feet

Parking

  • Open Parking YN Yes
  • Parking Features On Street
  • Parking Spaces

Basic Information

  • List Price$2,590,000
  • MLS Number73533333
  • Modification Date06/10/2026
  • Property SubType5+ Family - 5+ Units Up/Down

Property

  • Acreage0.07

Exterior

  • RoofShingle, Rubber

Utilities

  • Sewer Public Sewer
  • Water Source Public

Amenities

  • Amenities
    • Highway Access
    • Laundromat
    • Medical Facility
    • Public School
    • Public Transportation
    • Shopping
    • T-Station
    • Walk/Jog Trails
  • Other AmenitiesBasement

Your Local Office

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. (MLSPIN) from third party sources, including sellers, lessors and public records, and were compiled by MLSPIN. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith 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. MLSPIN and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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