222 Main St
Gloucester, MA 01930
14
Bed
10
Bath
6,700Sqft
0.07Acre(Lot)
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
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bathroom Information
Total Baths: 10 Full Baths: 10Room Information
Total Bedroom: 14 -
Roofing Information
Shingle, Rubber -
Interior Features
Roof: Shingle, Rubber -
Heating & Cooling
WaterSource: Public
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Building Information
Year Built: 1900 Construction Materials: Frame Basement: Partial, Crawl Space, Sump Pump -
Exterior Features
Foundation Details: Stone, Brick/Mortar, GranitePorch: Deck
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Lot Information
Lot Description: Zero Lot Line Lot Size Area: 0.07 Lot Size Units: Acres Lot Square Feet: 2,927 Lot Acres: 0.07 Waterfront: Harbor, Ocean, 1/2 to 1 Mile To Beach, Beach Ownership(Public) Stories: 5 Main Square Feet: 0.07Property Information
Property Type: Residential Income Sub Type: 5+ Family - 5+ Units Up/DownSQ ft (Living Area): 6,700
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Listing Price Information
Original Listing Price: $2590000
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Tax Information
Parcel Number: M:0013 B:0017 L:0000,1893957 Annual Tax: $8328
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Parking Information
On Street
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Location Information
Direction: Main Street
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 25 Salt Island Rd, Gloucester, MA, 01930 | $4,750,000 | 4 | 3 | 3,300 | 3,300 SqFt |
| 9 Oxford Rd, Gloucester, MA, 01930 | $2,100,000 | 5 | 4 | 5,111 | 5,111 SqFt |
| 32 Witham Street #B, Gloucester, MA, 01930 | $949,900 | 5 | 4 | 3,236 | 3,236 SqFt |
| 8 Atlantic Rd, Gloucester, MA, 01930 | $1,725,000 | 4 | 3 | 3,037 | 3,037 SqFt |
| 18 Traverse Street, Gloucester, MA, 01930 | $949,000 | 3 | 2 | 1,430 | 1,430 SqFt |
| 42 E Main St, Gloucester, MA, 01930 | $566,000 | 2 | 1 | 676 | 676 SqFt |
| 7 Lighthouse Way, Gloucester, MA, 01930 | $819,000 | 3 | 2 | 1,135 | 1,135 SqFt |
| 263 East Main Street, Gloucester, MA, 01930 | $3,295,000 | 4 | 3 | 2,500 | 2,500 SqFt |
| 3 Toronto Ave, Gloucester, MA, 01930 | $2,495,000 | 3 | 5 | 4,235 | 4,235 SqFt |
| 127-131 Eastern Point B.., Gloucester, MA, 01930 | $4,595,000 | 5 | 3 | 2,757 | 2,757 SqFt |
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ByOwner last updated this listing 06/23/2026 @ 08:38
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