$2,590,000
222 Main St
Gloucester, MA, 01930
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 Details
Price:
$2,590,000
MLS #:
73533334
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Listed Date:
Jun 10, 2026
Lot Size:
2,927 sqft / 0.07 acres (approx)
Year Built:
1900
Schools
Interior
Exterior
Financial
Tax Year
2026
Taxes
$8,328
Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…
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Map
Current real estate data for Commercial in Gloucester as of Sep 21, 2026
6
Commercial Listed
237
Avg DOM
687
Avg $ / SqFt
$1,639,833
Avg List Price
Community
- Address222 Main St Gloucester MA
- CityGloucester
- CountyEssex
- Zip Code01930
Subdivisions in Gloucester
Similar Listings Nearby
Property Summary
- 222 Main St Gloucester MA is a Commercial for sale in Gloucester, MA, 01930. It is listed for $2,590,000 To schedule a showing of MLS#73533334 at 222 Main St in Gloucester, MA, contact your Pegasus Realty LLC agent at 781-858-3505.
Courtesy of Lux Realty North Shore. 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.
222 Main St
Gloucester, MA