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222 Main St, Gloucester MA 01930

Commercial Sale

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 33 times

Last Checked: June 15th, 2026 at 6:18am (Source: MLS PIN #73533334)

General Information for 222 Main St, Gloucester MA 01930

Listing ID73533334

Property TypeCommercial Sale

Price$2,590,000

Style

CityGloucester

CountyEssex

Neighborhood(s)Ipswich

ZoningCB

Year Built1900

Disclosures for 222 Main St, Gloucester MA 01930

Lead Paint

UFFI

Living Area Includes Basement

Living Area Disclosure

Building Area Source

Special Listing Conditions

ExclusionsBasement Fridge

Compensation Based On

Contact Information for 222 Main St, Gloucester MA 01930

Agent

Name: Stephen Martin

Office

Name: Aluxety

Phone: 800-806-3212

Exclusive Listing Agent

Aluxety

Stephen Martin

Agent Phone

Office Phone

(800) 806-3212

Text Agent Call Agent Call Office

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EXIT

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