Rare opportunity to acquire a fully renovated 3-family property in a highly desirable Gloucester location, just minutes from Good Harbor Beach and offering beautiful ocean views. The property combines strong rental fundamentals with the lifestyle appeal of one of the North Shore’s most sought-after coastal markets. The property has been thoughtfully renovated throughout, featuring updated kitchens and bathrooms, modern finishes, in-unit laundry, and two dedicated parking spaces. The flexible three-family configuration provides multiple income streams and makes the property attractive for both long-term rental and seasonal/vacation rental strategies. With its proximity to Good Harbor Beach, Gloucester’s restaurants, harbor, and downtown amenities, the property is well positioned to benefit from strong demand from both year-round tenants and summer visitors. The property also offers excellent potential for an Airbnb/short-term rental strategy, subject to applicable City of Gloucester regulations and permitting requirements. A major component of the investment opportunity is the separate 368R Main Street lot, located directly behind the property. This additional parcel provides meaningful future upside and could potentially support an ADU, additional residential unit, or other development concept, subject to zoning, permitting, utilities, and site requirements. Please reach out for private showings.
This home has been viewed 3 times
Last Checked: September 15th, 2026 at 8:28am (Source: MLS PIN #73564309)
Gross Income: $102,000
Gross Expenses: $6,624
Net Income Calc: $95,376
Waterfront
Annual Expenses for 366 Main St, Gloucester MA 01930
Total Gross Expenses (Calculated)$6,624/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax6624
Annual Income & Unit Breakdown for 366 Main St, Gloucester MA 01930
Total Gross Income (Calculated)$102,000
Unit 1
Rental Income$0
LeaseN
Bedrooms2
Bathrooms1 Full
Floor1
Levels in Unit1
Rent Includes
Unit 2
Rental Income$0
LeaseY
Bedrooms2
Bathrooms1 Full
Floor2
Levels in Unit1
Rent Includes
Unit 3
Rental Income$0
LeaseY
Bedrooms5
Bathrooms2 Full
Floor3
Levels in Unit2
Rent Includes
General Information for 366 Main St, Gloucester MA 01930
Listing ID73564309
Property TypeMulti Family / 3 Family
Price1190000 ($330.56/SqFt)
Style3 Family
CityGloucester
CountyEssex
Neighborhood(s)Ipswich
Approximate Living Area Total3600
Approximate Lot Size (Acres)0.1
Total Parking2
Garage Parking0
Year Built1900
Year Built SourcePublic Records
Year Built DetailsActual
WaterPublic
SewerPublic Sewer
Electric
Hot Water
Roof Material
BasementFull
Construction Materials
Lot FeaturesGentle Sloping
Foundation Description
Accessible Features
Outdoor Space
ZoningNB
Water Views
Water Views Features
Waterfront1
Waterfront FeaturesRiver
Terms
Disclosures for 366 Main St, Gloucester MA 01930
Lead PaintNone
UFFI
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourceOther
ExclusionsAll Personal Property.
Financial Data Source
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 366 Main St, Gloucester MA 01930
Real Estate Taxes6624
Tax Year2026
Assessed Value$711,500
Financial Data Source
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 366 Main St, Gloucester MA 01930
Neighborhood(s)Ipswich
Area Amenities
Contact Information for 366 Main St, Gloucester MA 01930