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100-102 Main St, Gloucester MA 01930

$2,089,000

Estimated $4,333.16/month Calculator

Multi Family

Total Units: 5

Price Per Unit: $417,800

Total Rent: 106500/year

Estimated CAP Rate: 3.72%

6 Bedrooms

4 Full, 2 Half Baths

8,069 SqFt

Total Parking: 0

2,890 SqFt

Investors/Developers! This mixed use building offers an excellent potential return and a variety of potential uses. The property is located among the busiest shops and restaurants on Main street and includes two retail stores and three residential apartments all currently leased. The residential units include beautiful architectural details including exposed brick, over-sized windows, tall wooden-beamed ceilings, recessed lighting, central air and beautiful views of the harbor and ocean. There is a 2000+ sf single level luxury apartment on the second floor, with large granite kitchen, and two townhouse units of apx. 1350 utilizing the third and fourth floors. Historic Gloucester Harbor and a public beach is just 1/10 mile from the property. Don’t miss this amazing opportunity.

This home has been viewed 48 times

Last Checked: May 24th, 2025 at 4:53am (Source: MLS PIN #73377209)

Gross Income: $106,500

Gross Expenses: $28,836

Net Income Calc: $77,664

CAP Rate: 3.72%

Water Views

Beach Front

Annual Expenses for 100-102 Main St, Gloucester MA 01930

Total Gross Expenses (Calculated)$28,836/year

APOD AvailableYes

Heating

Electricity$486

Water$1,000

Gas$1,000

Insurance$9,000

Sewer$1,000

Trash Removal

Repair & Maintenance$1,000

Management$6,000

Miscellaneous

Real Estate Tax$11,350.32

Annual Income & Unit Breakdown for 100-102 Main St, Gloucester MA 01930

Total Gross Income (Calculated)$106,500

Unit 1

Rental Income$2,250

LeaseY

Bedrooms0

Bathrooms2 Half

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income$2,025

LeaseY

Bedrooms0

Bathrooms1 Half

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 3

Rental Income$2,200

Lease

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingNo

Rent Includes

Unit 4

Rental Income$2,400

Lease

Bedrooms2

Bathrooms1 Full

Floor3

Levels in Unit2

HeatingNo

Rent Includes

General Information for 100-102 Main St, Gloucester MA 01930

Listing ID73377209

Property TypeMulti Family

Price$2,089,000 ($258.89/SqFt)

Style5+ Family - 5+ Units Up/down

CityGloucester

CountyEssex

MLS Area

Neighborhood(s)Ipswich

Approximate Living Area Total8,069 SqFt

Approximate Lot Size (Acres)0.07 acres

Total Parking0

Garage Parking

Year Built1905

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsBrick, Stone

Lot FeaturesCorner Lot

Foundation Area

Foundation DescriptionOther

Accessible Features

Outdoor SpaceDeck - Composite, Porch

ZoningCB

Zoning Details

Water ViewsYes

Water Views Features

WaterfrontNo

Waterfront FeaturesOcean, Beach Front, Beach Ownership(public), 0 To 1/10 Mile To Beach

Energy FeaturesBox/Bay/Bow Window(s)

Terms

Disclosures for 100-102 Main St, Gloucester MA 01930

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area DisclosureGross living are per public record except that 4th

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data SourceOwner

Total Gross Expenses By Broker$18,486

Total Gross Income By Broker$139,200

Total Net Income By Broker$120,714

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation

Facilitator Compensation

Sub-Agent Compensation

Compensation Based On

Financial Information for 100-102 Main St, Gloucester MA 01930

Real Estate Taxes$11,350.32

Tax Year2025

Assessed Value$1,118,800

Financial Data SourceOwner

Total Gross Expenses By Broker$18,486

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$139,200

BostonRealEstate.com Gross Income

Total Net Income By Broker$120,714

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)3.72%

Location Information for 100-102 Main St, Gloucester MA 01930

Elementary School

Middle School

High School

Neighborhood(s)Ipswich

MLS Area

Area AmenitiesWalk/jog Trails, House Of Worship, Public School, Shopping, Park, Medical Facility, Public Transportation, T-station, Marina, Sidewalks

Contact Information for 100-102 Main St, Gloucester MA 01930

Agent

Name: Bethany Pratt

Office

Name: Churchill Properties

Phone: 978-515-7031

Payment Calculator

, Interest

Property Taxes 945.86

Principal & Interest 12871.75

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Churchill Properties

Bethany Pratt

Agent Phone

Office Phone

(978) 515-7031

Text Agent Call Agent Call Office

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        )

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EXIT

Active

100-102 Main St, Gloucester MA 01930

$2,089,000

Annual Expenses for 100-102 Main St, Gloucester MA 01930

Annual Income & Unit Breakdown for 100-102 Main St, Gloucester MA 01930

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Financial Information for 100-102 Main St, Gloucester MA 01930

Location Information for 100-102 Main St, Gloucester MA 01930

Contact Information for 100-102 Main St, Gloucester MA 01930

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Churchill Properties

Bethany Pratt