• $2,590,000List Price
  • 0.07Acreage
  • 1900Year Built

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.

More Info

Basic Information

  • Mls StatusNew
  • Parcel Number M:0013 B:0017 L:0000,1893957

Building

  • Building Area Units Square Feet
  • Utilities Public Water, Public Sewer
  • Year Built1900

Tax Information

  • Tax Year 2026
  • Taxes$8,328

Location

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

Basic Information

  • List Price$2,590,000
  • MLS Number73533334
  • Modification Date06/10/2026

Property

  • Acreage0.07

Property Information

  • Lot Size Square Feet 2,927
  • Lot Size Units Acres

Other

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

Map Location

Driving Directions

Listed by Stephen Martin of Aluxety

Gloucester, MA Demographics

There is no data available

Gloucester, MA Real Estate Market Data

There is no data available

Gloucester, MA Schools

School NameDistanceTypeGrades

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.

Hi there! How can we help you?

Contact us using the form below or give us a call.

Send Us A Message:

I agree to receive marketing and customer service calls and text messages from REMAX Executive Realty | S. Elaine McDonald. To opt out, you can reply 'stop' at any time or click the unsubscribe link in the emails. Consent is not a condition of purchase. Msg/data rates may apply. Msg frequency varies. Privacy Policy.

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.