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100-102 Main St, Gloucester MA 01930

Gloucester, MA 01930
$2,089,000
Est. $11,709/month
6
Beds
5
Baths
8,069
Sq Ft
$259
Price/Sq Ft
0.07
Acres
1905
Year Built
417
Days on Market
Active Listed May 19, 2025 • MLS# 73377209 Copied! • Updated May 23, 2025

About this home

Investors/Developers! This mixed use building offers an excellent potential return and a variety of potential uses. The property is located among the busiest shops and restaurants on Main street and includes two retail stores and three residential apartments all currently leased. The residential units include beautiful architectural details including exposed brick, over-sized windows, tall wooden-beamed ceilings, recessed lighting, central air and beautiful views of the harbor and ocean. There is a 2000+ sf single level luxury apartment on the second floor, with large granite kitchen, and two townhouse units of apx. 1350 utilizing the third and fourth floors. Historic Gloucester Harbor and a public beach is just 1/10 mile from the property. Don’t miss this amazing opportunity.

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A free agent CMA factors in condition, upgrades, and the street — the things comps alone can't see.

Recently Sold Nearby

Property History

Property Timeline

🏠
Listed for Sale
May 19, 2025
$2,089,000
Original listing
Agent: Bethany Pratt Office: Churchill Properties

Tax History

Year Taxes Assessment
2025 $11,350 $1,118,800

Financial Details

Annual Property Tax
$11,350
Tax Year 2025
Assessed Value
$1,118,800

Facts & Features

Central AC

Home Facts

Type Residential Income
Style 5+ Family - 5+ Units Up/Down
Year Built 1905
Living Area 8,069 sq ft
Lot Size 0.07 acres
Bedrooms 6
Full Baths 4
Half Baths 2
Total Rooms 16

Investment Metrics

Units 5
Unit 1 Rent $2,250/mo · Y
Unit 2 Rent $2,025/mo · Y
Unit 3 Rent $2,200/mo
Unit 4 Rent $2,400/mo
Total Monthly Rent $8,875/mo
Gross Income $139,200
Net Operating Income $120,714
Operating Expenses $18,486
Water/Sewer Expense $1,000
Electric Expense $486
Insurance Expense $9,000
Cap Rate 5.78%
Heating None
Cooling Central Air
Flooring Wood, Tile, Carpet, Varies, Hardwood
Appliances Range, Oven, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Fireplace None
Basement Full, Interior Entry, Concrete, Unfinished
Laundry None
Features Cathedral/vaulted Ceilings, Upgraded Cabinets, Upgraded Countertops, Walk-in Closet(s), Internet Available - Unknown, Bathroom With Tub & Shower, Living Room, Dining Room, Kitchen, Office/den
Construction Brick, Stone
Architecture None
Roof None
Features Balcony/deck
Pool None
Spa None
Fencing None
Patio/Porch Porch, Deck - Composite
Features None
Electric None
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $11,350
Assessed Value $1,118,800
Fee Includes None
Amenities None
Optional Fee Includes None
Seller Disclosures Recent Repairs And Renovations(1) Water Line(2) Sewer Line(3) Roof(4) Renovated Kitchens And Bathrooms In Units 4 And 5 On 3rd Floor(5) Added Central Air In 3rd Floor Units
Possession None
Accepted Financing None
Structure Type []
Sq Ft Source Public Record
Sq Ft Disclosures Gross living are per public record except that 4th attic adjusted by 1170 sf
Documents None
County Essex
Total market time (incl. prior listings) 4 days

Property Overview

Property Type
5+ Family - 5+ Units Up/Down
Listing Type
For Sale
Year Built
1905
Bedrooms
6
Full Bathrooms
4
Half Bathrooms
2
Living Area
8,069 sq ft
Total Rooms
16
Stories
7
Levels
7

Room Details

Other Floor

Bathroom1
Bedroom5
Bedroom4
Bedroom3
Dining Room
Kitchen
Bathroom2
Bedroom2
Living Room
Bathroom3
Master Bedroom
Office
Family Room
Master Bathroom

Interior Features

Flooring: Wood, Tile, Carpet, Varies, Hardwood
Appliances: Range, Oven, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Interior Features: Cathedral/Vaulted Ceilings, Upgraded Cabinets, Upgraded Countertops, Walk-In Closet(s), Internet Available - Unknown, Bathroom With Tub & Shower, Living Room, Dining Room, Kitchen, Office/Den
Windows: Box/Bay/Bow Window(s)
Basement: Full, Interior Entry, Concrete, Unfinished
Laundry:
Security:

Construction & Materials

Year Built: 1905
Structure Type:
Exterior Materials: Brick, Stone
Roof:
Foundation: Other
Stories: 7

Heating, Cooling & Utilities

Heating:
Heating Zones: 5
Cooling: Central Air
Cooling Zones: 5
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features: Balcony/Deck
Patio & Porch: Porch, Deck - Composite
Fencing:
Other Structures:
Lot Features: Corner Lot
Road Surface: Paved

Parking & Garage

Parking Features:

Special Features

View: Yes
View Type: City View(s), Scenic View(s), City
Community Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, House of Worship, Marina, Public School, T-Station, Sidewalks
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
E

Elementary Schools

3 schools
C
East Veterans Elementary School
0.9 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
1.2 mi
101 students Moderate
Grades PK
Faith Christian School
1.6 mi
Grades PK-08
M

Middle Schools

2 schools
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
B+
Rockport Middle High School
3.9 mi | #134 of 346 | Score: 56.9
Improved 7 spots from last year
-1.3 below state avg
367 students Less Diverse
High Graduation Rate College Ready Curriculum Strong Athletics
Grades 06-12
H

High Schools

1 school
C+
Gloucester High School
0.6 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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Including down payment
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Down: $0
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Monthly Payment Breakdown

Principal & Interest $0
Property Tax $946
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

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Current Rate
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Payment Over Time

Interest
Principal
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

100-102 Main St, Gloucester MA 01930

Gloucester, MA 01930

Listing Information

Listing Office Churchill Properties
Office Phone 978-515-7031
Agent MLS ID CN203786
Office MLS ID AN4955
Listing Data Updated May 23, 2025 3:05 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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