Opportunity knocks in East Gloucester! This 3-family property offers endless potential for investors, contractors, or creative homeowners. Enjoy water views of beautiful Cripple Cove and imagine watching the sun rise and set while sipping your morning coffee. Each unit offers unique character and layout—ready to be reimagined or restored to your taste. With a little vision and creativity, the possibilities are endless. Offered as-is in a peaceful coastal enclave loved for its views, charm, and walkable lifestyle. No off-street parking.
This home has been viewed 35 times
Last Checked: December 6th, 2025 at 7:28am (Source: MLS PIN #73449533)
Gross Income: $22,800
Gross Expenses: $5,689
Net Income Calc: $17,111
CAP Rate: 3.12%
Water Views
Annual Expenses for 86 East Main Street, Gloucester MA 01930
Total Gross Expenses (Calculated)$5,689/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax$5,689
Annual Income & Unit Breakdown for 86 East Main Street, Gloucester MA 01930
Total Gross Income (Calculated)$22,800
Unit 1
Rental Income$800
LeaseN
Bedrooms2
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingYes
Rent Includes
Unit 2
Rental Income$1,100
LeaseN
Bedrooms1
Bathrooms1 Full
Floor2
Levels in Unit1
HeatingYes
Rent Includes
Unit 3
Rental Income$0
LeaseN
Bedrooms1
Bathrooms1 Full
Floor3
Levels in Unit1
HeatingYes
Rent Includes
General Information for 86 East Main Street, Gloucester MA 01930
Listing ID73449533
Property TypeMulti Family / 3 Family
Price$549,000 ($275.74/SqFt)
Style3 Family
CityGloucester
CountyEssex
MLS AreaEast Gloucester
Neighborhood(s)Ipswich
Approximate Living Area Total1,991 SqFt
Approximate Lot Size (Acres)0.06 acres
Total Parking0
Garage Parking
Year Built1900
Year Built SourcePublic Records
Year Renovated
Year Built DetailsApproximate
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction Materials
Lot Features
Foundation Area
Foundation DescriptionStone,Brick/Mortar
Accessible Features
Outdoor Space
ZoningR-10
Zoning Details
Water ViewsYes
Water Views Features
WaterfrontNo
Waterfront FeaturesOcean, Beach Ownership(public), 1/2 To 1 Mile To Beach
Energy Features
Terms
Disclosures for 86 East Main Street, Gloucester MA 01930
Lead Paint
UFFI
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourcePublic Records
Title 5
Exclusions
Disclosures
Financial Data Source
Total Gross Expenses By Broker$0
Total Gross Income By Broker$22,800
Total Net Income By Broker$22,800
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation
Facilitator Compensation
Sub-Agent Compensation
Compensation Based On
Financial Information for 86 East Main Street, Gloucester MA 01930
Real Estate Taxes$5,689
Tax Year2025
Assessed Value$585,500
Financial Data Source
Total Gross Expenses By Broker$0
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker$22,800
BostonRealEstate.com Gross Income
Total Net Income By Broker$22,800
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
CAP Rate (BostonRealEstate.com)3.12%
Location Information for 86 East Main Street, Gloucester MA 01930
Elementary SchoolEves
Middle SchoolO'maley
High SchoolGhs
Neighborhood(s)Ipswich
MLS AreaEast Gloucester
Area AmenitiesPark, Public Transportation, Marina
Contact Information for 86 East Main Street, Gloucester MA 01930