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Active

222 Main St, Gloucester MA 01930

$2,590,000

Estimated $4,894/month Calculator

Multi Family

Total Units: 10

Price Per Unit: $259,000

Total Rent: 120000/year

Estimated CAP Rate:

14 Bedrooms

Baths

6700

Total Parking: 0

2,927 (0.07)

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.

This home has been viewed 32 times

Last Checked: June 15th, 2026 at 5:14am (Source: MLS PIN #73533333)

Gross Income: $120,000

Gross Expenses: $8,328

Net Income Calc: $111,672

Water Views

Annual Expenses for 222 Main St, Gloucester MA 01930

Total Gross Expenses (Calculated)$8,328/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax8328

Annual Income & Unit Breakdown for 222 Main St, Gloucester MA 01930

Total Gross Income (Calculated)$120,000

Unit 1

Rental Income$0

LeaseY

Bedrooms3

Bathrooms3 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseY

Bedrooms2

Bathrooms2 Full

Floor1

Levels in Unit1

Rent Includes

Unit 3

Rental Income$0

Lease

Bedrooms3

Bathrooms3 Full

Floor2

Levels in Unit1

Rent Includes

Unit 4

Rental Income$0

LeaseY

Bedrooms1

Bathrooms1 Full

Floor2

Levels in Unit1

Rent Includes

General Information for 222 Main St, Gloucester MA 01930

Listing ID73533333

Property TypeMulti Family

Price2590000 ($386.57/SqFt)

Style5+ Family - 5+ Units Up/down

CityGloucester

CountyEssex

Neighborhood(s)Ipswich

Approximate Living Area Total6700

Approximate Lot Size (Acres)0.07

Total Parking0

Garage Parking0

Year Built1900

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor SpaceCovered

ZoningCB

Water ViewsYes

Water Views FeaturesBay

Waterfront0

Waterfront FeaturesRiver

Terms

Disclosures for 222 Main St, Gloucester MA 01930

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourceOther

ExclusionsBasement Fridge

Financial Data SourceEstimated

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Compensation Based On

Financial Information for 222 Main St, Gloucester MA 01930

Real Estate Taxes8328

Tax Year2026

Assessed Value$894,537

Financial Data SourceEstimated

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 222 Main St, Gloucester MA 01930

Neighborhood(s)Ipswich

Area AmenitiesWalk/jog Trails

Contact Information for 222 Main St, Gloucester MA 01930

Agent

Name: Stephen Martin

Office

Name: Aluxety

Phone: 800-806-3212

Payment Calculator

, Interest

Property Taxes 694

Principal & Interest 15958.76

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Aluxety

Stephen Martin

Agent Phone

Office Phone

(800) 806-3212

Text Agent Call Agent Call Office

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EXIT

9 More Photos

Active

222 Main St, Gloucester MA 01930

$2,590,000

Annual Expenses for 222 Main St, Gloucester MA 01930

Annual Income & Unit Breakdown for 222 Main St, Gloucester MA 01930

General Information for 222 Main St, Gloucester MA 01930

Disclosures for 222 Main St, Gloucester MA 01930

Financial Information for 222 Main St, Gloucester MA 01930

Location Information for 222 Main St, Gloucester MA 01930

Contact Information for 222 Main St, Gloucester MA 01930

Agent

Office

Payment Calculator

Exclusive Listing Agent

Aluxety

Stephen Martin