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.
For sale
$2,590,000
222 Main St, Gloucester, MA 01930
14beds
6,700sqft
5+ Family - 5+ Units Up/Down
Built in 1900
-- sqft lot
$2,560,200 Zestimate®
$387/sqft
$-- HOA
What's special
Newer windowsRebuilt rear deckNew roofUpdated siding
- 18 days |
- 572 |
- 16 |
Zillow last checked:
Listing updated:
Listed by:
Stephen Martin 617-212-3251,
Aluxety 800-806-3212
Source: MLS PIN,MLS#: 73533333
Loading...
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 14
- Bathrooms: 10
- Full bathrooms: 10
Features
- Basement: Partial,Crawl Space,Sump Pump
- Has fireplace: No
Interior area
- Total structure area: 6,700
- Total interior livable area: 6,700 sqft
- Finished area above ground: 6,700
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Features
- Patio & porch: Deck
- Has view: Yes
- View description: Water, Harbor
- Has water view: Yes
- Water view: Harbor,Water
- Waterfront features: Harbor, Ocean, 1/2 to 1 Mile To Beach, Beach Ownership(Public)
Lot
- Size: 2,927 Square Feet
- Features: Zero Lot Line
Details
- Parcel number: M:0013 B:0017 L:0000,1893957
- Zoning: CB
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5+ Family - 5+ Units Up/Down
Materials
- Frame
- Foundation: Stone, Brick/Mortar, Granite
- Roof: Shingle,Rubber
Condition
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Public Transportation, Shopping, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, Public School, T-Station
Location
- Region: Gloucester
Financial & listing details
- Price per square foot: $387/sqft
- Tax assessed value: $894,537
- Annual tax amount: $8,328
- Date on market: 6/10/2026
- Listing terms: Contract
- Total actual rent: 21810
Estimated market value
$2,560,200
$2.43M - $2.69M
$2,939/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/10/2026 | Listed for sale | $2,590,000+99.2%$387/sqft |
Source: MLS PIN #73533333 Report a problem | ||
| 8/10/2020 | Sold | $1,300,000-7.1%$194/sqft |
Source: Public Record Report a problem | ||
| 5/28/2020 | Pending sale | $1,400,000$209/sqft |
Source: Keller Williams Realty #72655351 Report a problem | ||
| 5/13/2020 | Listed for sale | $1,400,000+409.1%$209/sqft |
Source: Keller Williams Realty #72655351 Report a problem | ||
| 2/2/1988 | Sold | $275,000$41/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $1,269,700 |
| 2024 | -- | $1,269,700 +5.6% |
| 2023 | -- | $1,202,200 |
| 2022 | -- | $1,202,200 +75.2% |
| 2021 | -- | $686,200 +5% |
| 2020 | $8,323 | $653,300 +0.7% |
| 2019 | -- | $648,600 +1.5% |
| 2018 | -- | $639,200 +2.4% |
| 2017 | -- | $624,300 0% |
| 2016 | -- | $624,400 |
| 2015 | -- | $624,400 -7.3% |
| 2011 | -- | $673,400 -0.4% |
| 2010 | -- | $675,900 +4.3% |
| 2009 | -- | $647,900 +16.4% |
| 2008 | -- | $556,500 -3.3% |
| 2007 | -- | $575,700 +34.6% |
| 2006 | -- | $427,800 -5.6% |
| 2005 | -- | $453,200 +26.6% |
| 2004 | -- | $358,100 +6.6% |
| 2003 | -- | $335,800 +14.4% |
| 2001 | $3,895 | $293,500 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 01930
Getting around
46 / 100
Some TransitNearby schools
GreatSchools rating
- 5/10East Veterans Elementary SchoolGrades: K-5Distance: 0.6 mi
- 4/10Ralph B O'Maley Innovation Middle SchoolGrades: 6-8Distance: 1.3 mi
- 4/10Gloucester High SchoolGrades: 9-12Distance: 0.8 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Massachusetts
- Essex County
- Gloucester
- 01930
- 222 Main St
Nearby cities
Nearby zip codes
Other Gloucester Topics
