Link Copied
Listed price in listed location currency (USD).
$2,590,000

14100

MLS® 73533333

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 6700 sqft
Garage 
Taxes $8,328
Days Active 0
Lot Size 
Approx. Age 1900
Avg. Price Per Sqft $386
MLS® Number 73533333

Property Address: 222 Main St, Gloucester, MA, 01930-6021

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number73533333
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1900
BasementPartial, Crawl Space, Sump Pump
DrivewayOn Street
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jun 10, 2026List Date
$2,590,000List Price
Nov 6, 2024End Date
$1,400Sold Price

Leased

Sep 3, 2024List Date
$1,400List Price
  • Commute

Commute

Starting Address
Destination Address
222 Main St, Gloucester, MA

Like what you see?

Complete the form and we'll be in touch. No login necessary.

Add a Comment
Loading...

Similar Listings

Comparable Properties