222 Main St, Gloucester MA 01930

Gloucester, MA 01930

$2,590,000

Est. $13,990/month

Beds

Baths

6,700

Sq Ft

$387

Price/Sq Ft

0.07

Acres

1900

Year Built

5+ Family - 5+ Units Up/Down

Type

2 hours 36 minutes

Time on Market

Active Listed Jun 10, 2026 • MLS# 73533333 Copied!

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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Property Overview

Property Type

5+ Family - 5+ Units Up/Down

Listing Type

For Sale

Year Built

1900

Bedrooms

Full Bathrooms

Living Area

6,700 sq ft

Total Rooms

Stories

Levels

Facts & Features

Home Facts

Type Residential Income

Style 5+ Family - 5+ Units Up/Down

Year Built 1900

Living Area 6,700 sq ft

Lot Size 0.07 acres

Bedrooms 14

Full Baths 10

Total Rooms 40

Interior

Heating None

Cooling None

Flooring None

Appliances None

Fireplace None

Basement Partial, Crawl Space, Sump Pump

Laundry None

Features None

Exterior

Construction Frame

Architecture None

Roof Shingle, Rubber

Features None

Pool None

Spa None

Fencing None

Patio/Porch Deck

Parking

Features On Street

Utilities

Electric None

Water Public

Sewer Public Sewer

Gas None

Other None

Financial

Annual Tax $8,328

Assessed Value $894,537

Interior Features

Flooring:

Appliances:

Interior Features:

Windows:

Basement: Partial, Crawl Space, Sump Pump

Laundry:

Security:

Construction & Materials

Year Built: 1900

Structure Type:

Exterior Materials: Frame

Roof: Shingle, Rubber

Foundation: Stone, Brick/Mortar, Granite

Stories: 5

Heating, Cooling & Utilities

Heating:

Cooling:

Hot Water: Electric

Water Source: Public

Sewer: Public Sewer

Energy Features:

Exterior & Lot

Exterior Features:

Patio & Porch: Deck

Fencing:

Other Structures:

Lot Features: Zero Lot Line

Road Surface:

Parking & Garage

Parking Features: On Street

Location

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Neighborhood

222 Main St, Gloucester MA 01930

Gloucester, MA 01930

Walkability

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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

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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Property Tax $694

Homeowners Insurance $200

PMI (if <20% down) $0

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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.

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

Price & Status History

Date	Event	Price	Change
Jun 10, 2026	Sold	$2,590,000	—
Jun 10, 2026	New Listing Added	$2,590,000	—

Market Statistics

Time on Market

2 hours 36 minutes

Price per Sq Ft

$387

Tax History

Year	Taxes	Assessment
2026	$8,328	$894,537

Financial Details

Annual Property Tax

$8,328

Tax Year 2026

Assessed Value

$894,537

Listing Information

Listing Agent Stephen Martin

Listing Office Aluxety

Agent MLS ID BB809399

Office MLS ID AN8387

Listing Data Updated Jun 10, 2026 11:10 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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222 Main St, Gloucester MA 01930

About this home

Property Overview

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Home Facts

Interior

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Parking

Utilities

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Interior Features

Construction & Materials

Heating, Cooling & Utilities

Exterior & Lot

Parking & Garage

Location

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Walkability

Nearby Schools

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High Schools

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