222 Main St Gloucester, MA 01930
Central Gloucester NeighborhoodEstimated payment $14,766/month
Highlights
- Medical Services
- Harbor Views
- Property is near public transit and schools
- Property is near a beach
- Deck
- Jogging Path
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,328
Year Built
- Built in 1900
Lot Details
- 2,927 Sq Ft Lot
- Zero Lot Line
Home Design
- Brick Foundation
- Stone Foundation
- Frame Construction
- Shingle Roof
- Rubber Roof
- Marble or Granite Building Materials
Interior Spaces
- 6,700 Sq Ft Home
- Harbor Views
Bedrooms and Bathrooms
- 14 Bedrooms
- 10 Full Bathrooms
Basement
- Partial Basement
- Sump Pump
- Crawl Space
Parking
- On-Street Parking
- Open Parking
Outdoor Features
- Property is near a beach
- Deck
Location
- Property is near public transit and schools
Listing and Financial Details
- Assessor Parcel Number M:0013 B:0017 L:0000,1893957
Community Details
Overview
- 10 Units
- Property has 1 Level
Amenities
- Medical Services
- Shops
- Coin Laundry
Recreation
- Jogging Path
Building Details
- Operating Expense $71,660
- Net Operating Income $191,260
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $12,759 | $1,312,700 | $561,500 | $751,200 |
| 2024 | $8,323 | $1,269,700 | $534,100 | $735,600 |
| 2023 | $0 | $1,202,200 | $476,900 | $725,300 |
| 2022 | $0 | $1,035,500 | $413,600 | $621,900 |
| 2021 | $0 | $686,200 | $214,700 | $471,500 |
| 2020 | $8,323 | $653,300 | $214,700 | $438,600 |
| 2019 | $0 | $648,600 | $214,700 | $433,900 |
| 2018 | $0 | $639,200 | $214,700 | $424,500 |
| 2017 | $0 | $624,300 | $204,500 | $419,800 |
| 2016 | -- | $624,400 | $204,600 | $419,800 |
| 2015 | -- | $624,400 | $204,600 | $419,800 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/10/2026 06/10/26 | For Sale | $2,590,000 | -- | $387 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | $1,300,000 | None Available | |
| Deed | $275,000 | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,400,000 | Commercial | |
| Closed | $1,040,000 | Commercial | |
| Previous Owner | $867,200 | Commercial | |
| Previous Owner | $867,200 | Commercial |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73533333
APN: GLOU-000013-000017
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The property listing data and information, or the Images, 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, and the Images, 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, or as to the accuracy of any of the Images, set forth herein.
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