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222 Main StGloucester, MA 01930

For Sale

$2,590,000

Smart Buyer Rebate $12,950

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.

Listed by Stephen Martin

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Aluxety

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617-212-3251

Last updated June 14, 2026

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Source: MLSPin #73533333

Listing Facts

  • TypeMulti-family
  • NeighborhoodCentral Gloucester
  • Bedrooms14
  • Bathrooms10
  • Days on Prevu6
  • Taxes$8,328/year
  • Size6,700 sqft
  • Price per sqft$387

Amenities

  • Private Outdoor Space

Location

Mortgage Calculator

Listing History

06/10/2026
Listed by Aluxety
$2,590,000

Property Details for 222 Main St

Association

Amenities

  • Community Features: Public Transportation, Shopping, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, Public School, T-Station

Exterior

Construction

  • Number Of Units Total: 10
  • Roof: Shingle, Rubber
  • Stories: 5
  • Stories Total: 5
  • Year Built: 1900
  • Year Built Details: Approximate
  • Construction Materials: Frame

Features

  • Patio And Porch Features: Deck
  • Road Frontage Type: Public
  • Waterfront Features: Harbor, Ocean, 1/2 To 1 Mile To Beach, Beach Ownership(Public)

Measurements

  • Building Area Total: 6,700
  • Building Area Units: Square Feet
  • Lot Features: Zero Lot Line
  • Lot Size Acres: 0.07
  • Lot Size Area: 0
  • Lot Size Square Feet: 2,927
  • Lot Size Units: Acres

Financial

Residential Income

  • Gross Income: $262,920.00
  • Operating Expense: $71,660.00

Taxes

  • Parcel Number: M:0013 B:0017 L:0000,1893957
  • Tax Annual Amount: $8,328.00
  • Tax Assessed Value: $894,537.00
  • Tax Year: 2026

Interior

Measurements

  • Living Area: 6,700
  • Living Area Source: Other

Rooms

  • Basement: Partial, Crawl Space, Sump Pump
  • Bathrooms Full: 10
  • Bathrooms Total Integer: 10
  • Bedrooms Total: 14
  • Rooms Total: 40

Parking

Parking

  • Open Parking: Yes
  • Parking Features: On Street

Utilities

Equipment

  • Sewer: Public Sewer
  • Water Source: Public

Frequently Asked Questions

How many bedrooms and bathrooms does this multi-family home have?

There are 14 bedrooms and 10 bathrooms in this multi-family home at 222 Main St.

What are the annual taxes for 222 Main St?

Annual taxes for this multi-family home are estimated at $8,328.

How does 222 Main St compare to other multi-family homes in Central Gloucester?

This multi-family home is listed 165% above the average price for multi-family homes in Central Gloucester and has been on the market for 37 less days than the typical home in this area.

What is the square footage on this multi-family home?

According to the MLS, this listing is 6,700 sqft.

222 Main St is a 14-bedroom, 10-bath multi-family home for sale in Gloucester MA 01930. Available on Prevu for 6 days at $2,590,000. This residence features 6,700 square feet of living space, located in Central Gloucester. The median listing price for multi-family homes in this area is $684,500. The home offers private outdoor space. Browse more multi-family home listings in Gloucester.

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, landlords 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, leasing or renting 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, leasing or renting. 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.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.