222 Main St, Gloucester, MA 01930
See all 12 photos
222 Main St, Gloucester, MA 01930
222 Main St, Gloucester, MA 01930
222 Main St, Gloucester, MA 01930
222 Main St, Gloucester, MA 01930
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
In-PersonVirtual Tour
Real Vision Properties

Real Vision Properties

+1(401) 519-5388
$ 2,590,000
Est. payment /mo
Save
New

222 Main St Gloucester, MA 01930

14 Beds

10 Baths

6,700 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 5+ Family - 5+ Units Up/Down

Listing Status Active

Purchase Type For Sale

Square Footage 6,700 sqft

Price per Sqft $386

MLS Listing ID 73533333

Bedrooms 14

Full Baths 10

Year Built 1900

Annual Tax Amount $8,328

Tax Year 2026

Lot Size 3,049 Sqft

Acres 0.07

Property Sub-Type 5+ Family - 5+ Units Up/Down

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.

Location

State MA

County Essex

Zoning CB

Direction Main Street

Rooms

Basement Partial, Crawl Space, Sump Pump

Exterior

Community Features Public Transportation, Shopping, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, Public School, T-Station

Waterfront Description Harbor,Ocean,1/2 to 1 Mile To Beach,Beach Ownership(Public)

Roof Type Shingle,Rubber

Garage No

Building

Lot Description Zero Lot Line

Story 5

Foundation Stone, Brick/Mortar, Granite

Sewer Public Sewer

Water Public

Others

Senior Community false

Acceptable Financing Contract

Listing Terms Contract

Listed by Aluxety

GET MORE INFORMATION

+1(401) 519-5388
Rhode Island, USA
Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from REAL Brokerage, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

222 Main St