Boston Luxury Condos and Apartments
355 Boylston St / (617) 233-5800

222 Main St

Gloucester, MA ID #73533333

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222 Main St

- Gloucester, MA ID #73533333

Property Description

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.

Additional Details

  • Status: ACT
  • Type: Multi-Family, Multi Family
  • Zip Code: 01930
  • Taxes: 8,328
  • Levels: 5
  • Acres: 0.07

Parking

  • Parking: On Street

Rooms/Dimensions

  • Total Units: 10
  • Total Floors: 5
  • Total Rooms: 40
  • Has Basement: Yes

Location

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222 Main St, Gloucester, MA

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Content © 2026 MLS Property Information Network, Inc.
The information in this listing was gathered from third party resources including the seller and public records. Listing information provided courtesy of Stephen Martin of Aluxety. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.