222 Main St, Gloucester MA 01930
Gloucester, MA 01930
$2,590,000
Est. $13,990/month
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About this home
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.
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Recently Sold Nearby
Property History
Property Timeline
Listed for Sale
Jun 10, 2026
$2,590,000
Original listing
Agent: Stephen Martin
Office: Aluxety
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 06/10/2026 | 🏠 Listed for Sale | $2,590,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2026 | $8,328 | — |
Financial Details
Annual Property Tax
$8,328
Tax Year 2026
Facts & Features
Home Facts
Type
Commercial Sale
Year Built
1900
Lot Size
0.07 acres
Interior
Heating
None
Cooling
None
Flooring
None
Appliances
None
Fireplace
None
Basement
None
Laundry
None
Features
None
Exterior
Construction
None
Architecture
None
Roof
None
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Features
None
Utilities
Electric
None
Water
None
Sewer
None
Gas
None
Other
Public Water, Public Sewer
Financial
Annual Tax
$8,328
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Seller Disclosures
Listing Agent Is Partial Owner. This Disclosure Is Made In Accordance With Ma Real Estate Disclosure Requirements.
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Documents
None
County
Essex
Property Overview
Listing Type
For Sale
Year Built
1900
Floor Layout
Interactive room guide
Floor Layout
Display Options
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Appliances:
Interior Features:
Windows:
Basement:
Laundry:
Security:
Construction & Materials
Year Built:
1900
Structure Type:
Exterior Materials:
Roof:
Foundation:
Heating, Cooling & Utilities
Heating:
Cooling:
Hot Water:
Water Source:
Sewer:
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:
Parking & Garage
Parking Features:
Nearby Schools
School District
Gloucester School District local
C-
Where Graduates Go
Class of 2021
42%
attend college
31%
4-Year
11%
2-Year
17%
Out of State
14%
Working
School Safety
2024-25
1.9%
Average
1.9%
Suspensions
0.5%
In-School
3.6% below state avg
Elementary Schools
6 schools
Faith Christian School
1.6 mi
Grades PK-08
C
East Veterans Elementary School
0.6 mi
|
#651 of 824
|
Score: 38.2
Dropped 58 spots from last year
-20 below state avg
451 students
Diverse
Grades K-05
Gloucester PreSchool
1.0 mi
101 students
Moderate
Grades PK
C-
Beeman Memorial School
1.7 mi
|
#701 of 824
|
Score: 35.6
Dropped 172 spots from last year
-22.6 below state avg
292 students
Diverse
Grades K-05
C-
West Parish School
2.7 mi
|
#683 of 824
|
Score: 36.5
Dropped 245 spots from last year
-21.7 below state avg
382 students
Less Diverse
Grades K-05
B+
Plum Cove School
4.2 mi
|
#322 of 824
|
Score: 50.1
Improved 68 spots from last year
-8.1 below state avg
217 students
Less Diverse
Rising School
Grades K-05
Middle Schools
1 school
C+
Ralph B O'Maley Middle School
1.3 mi
|
#238 of 352
|
Score: 37.3
Improved 24 spots from last year
-20.9 below state avg
619 students
Moderate
Rising School
Grades 06-08
High Schools
1 school
C+
Gloucester High School
0.8 mi
|
#212 of 346
|
Score: 50.4
Improved 27 spots from last year
-7.8 below state avg
776 students
Moderate
17 sports
• 1,070 athletes
Rising School
Career Tech Programs
Strong Athletics
Grades 09-12
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Monthly Payment Calculator
Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%
Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$694
Homeowners Insurance
$200
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
$0
Total principal paid
$0
Total interest paid
$0
Rate Impact
-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo
Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.
Location
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Neighborhood
222 Main St, Gloucester MA 01930
Gloucester, MA 01930
Listing Information
Listing Office
Aluxety
Office Phone
800-806-3212
Agent MLS ID
BB809399
Office MLS ID
AN8387
Listing Data Updated
Jun 14, 2026 4:05 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
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