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You are here:
Home Massachusetts Gloucester Multi-Family Homes for Sale

222 Main St Gloucester, MA 01930

30 Days on Boston Pads
12 Photos
$2,590,000
10 Unit
14 Beds
10 Baths
6700 SQFT
0.07 Acre
222 Main St
Gloucester, MA 01930

Property Description

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.

Property Overview

Building Information

  • Total Units: 10
  • Total Floors: 5
  • Total Bedrooms: 14
  • Total Full Baths: 10
  • Amenities: Highway Access, Laundromat, Medical Facility, Public School, Public Transportation, Shopping, T-Station, Walk/Jog Trails
  • Basement Features: Crawl, Mixed, Partial, Sump Pump

Financial

  • APOD Available: Yes
  • Expenses Source: Estimated, Projected
  • Gross Operating Income: 262920
  • Gross Expenses: 71660
  • Net Operating Income: 191260

Utilities

  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 3 Description

  • Floors: 2
  • Levels: 1

Unit 4 Description

  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Construction

  • Year Built: 1900
  • Type: 5+ Family - 5+ Units Up/Down
  • Construction Type: Aluminum, Frame
  • Foundation Info: Brick, Fieldstone, Granite
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles, Rubber
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73533333
  • Last Updated: 06/14/26
  • Terms: Contract for Deed, Rent w/Option

Date Event Price Price/Sq Ft Source
06/14/2026Active$2,590,000$387MLSPIN
06/14/2026Active$2,590,000MLSPIN
06/10/2026New$2,590,000MLSPIN
06/10/2026New$2,590,000$387MLSPIN
11/06/2024Rented$1,400MLSPIN
09/07/2024Active$1,400MLSPIN
09/03/2024New$1,400MLSPIN
08/31/2024Expired$1,400MLSPIN
06/30/2024Active$1,400MLSPIN
06/26/2024New$1,400MLSPIN

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View Breakdown

Map & Nearby Places

Gloucester Alternative High School

Grades: 9-12

0.14mi

Saint Ann Elementary School

Grades: 1-6

0.19mi

St Ann Elementary

Private School, Grades: PK-8

0.21mi

Hovey School

School

0.54mi

East Gloucester Elementary School

Public School, Grades: K - 5

0.61mi

East Veterans Elementary School

Public Elementary School, Grades: K-5

0.66mi

Gloucester High School

Public Secondary School, Grades: 9-12

0.83mi

Crows Nest

Bar

0.32mi

Watson and the Shark

Bar

0.33mi

Lone Gull Coffee House

Coffee Shop

0.18mi

Sandpiper Bakery

Coffee Shop & Bakery (Cafe)

0.22mi

Cake Ann

Cake & Cupcake & Coffee (Cafe)

0.25mi

Cafe Bischo

Cafe

0.3mi

Cafe Dolce

Cafe

0.35mi

Shore Nutrition

Juice (Fast Food)

0.19mi

Gloucester Fire Department

Fire Station

0.25mi

Gloucester Police Department

Local Police

0.1mi

MEP Pier

Police

0.45mi

Massachuetts Environmental Police

Police

0.47mi

Cape Ann Museum

Museum

0.1mi

Cape Ann Historical Museum

Museum

0.11mi

Maritime Gloucester

Museum

0.18mi

Sargent House Museum

Museum

0.28mi

Mattos Field

Sports Centre. Sports: Baseball

0.61mi

New Balance Stadium

Sports Centre. Sports: American Football

0.72mi

Cape Ann Historical Museum Courtyard

Park

0.1mi

Captain Solomon Jacobs Park

Municipal Park

0.11mi

Cape Ann Historical Museum Sculpture Park

Park

0.12mi

Central Gloucester Historic District

Park

0.17mi

Solomon Jacbobs Park

Municipal Park

0.18mi

Burnham Field

Municipal Park

0.21mi

Sargent House Garden

Park

0.28mi

Fishermans Memorial Park

Municipal Park

0.3mi

Ganine Doucette Playground

Playground

0.35mi

Cripple Cove Playground

Playground

0.58mi

Oval Playground

Playground

0.71mi

Elizabeth Road Playground

Playground

0.86mi

Bass Rocks Golf Club

Golf Course

0.87mi

TD Bank

Bank

0.12mi

BankGloucester

Bank

0.13mi

BankGloucester

Bank

0.13mi

Citizens Bank

Bank

0.17mi

Bank of America

Bank

0.36mi

Speedway

Gas Station

0.39mi

Cape Ann Historical Association Library

Library

0.11mi

Gloucester Lyceum & Sawyer Free Library

Library

0.18mi

Conleys drug store

Pharmacy

0.32mi

CVS Pharmacy

Pharmacy

0.9mi

Railroad Variety

Convenience

0.27mi

Cape Ann Convenience

Convenience

0.36mi

Speedway

Convenience

0.38mi

7-Eleven

Convenience

0.42mi

7-Eleven

Convenience

0.8mi

Shaw's

Supermarket

0.32mi

Seller's Representative: Stephen Martin, Aluxety
MLS ID#: 73533333

© 2026 MLS Property Information Network, Inc.. All rights reserved.

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2026-06-14 04:05:00

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