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222 Main St , Gloucester, MA 01930

$2,390,000

14
beds
10
baths
6,700
sqft
1900
year built

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.

Highlights

  • Residential Income
  • Multi Family
  • Built in 1900
  • 0.07 Acre Lot
  • 2 days on Market

  • Bedrooms
    14
  • Bathrooms
    10
  • Year Built
    1900
  • Stories
    5.0
  • Construction Materials
    Frame
  • Foundation
    Brick/Mortar, Stone
  • Parking Features
    On Street
  • Living Area
    6700.0
  • Appliances
    Electric Water Heater
  • Patio And Porch
    Deck
  • Basement
    Crawl Space, Partial, Sump Pump

  • Acres
    0.07
  • Lot Features
    Zero Lot Line
  • Water Front Features
    Ocean Front
  • View
    Water, Harbor
  • Water
    Public

  • County
    Essex
  • City
    Gloucester
  • Zip Code
    01930

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Frequently Asked Questions

How do I schedule a tour of 222 Main St?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 222 Main St.

They know residential incomes in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 222 Main St?

Click Ask a Question to talk with our team. You already know it is a 14 bed, 10 bath, listed for $2,390,000. We can talk through recent upgrades, potential seller motivation, how this multi family compares to others in Gloucester, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for 222 Main St?

With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 222 Main St at around $14,295. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 222 Main St?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Essex County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 222 Main St?

In most cases, yes. Whether 222 Main St is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Gloucester's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 222 Main St?

We can handle that for you. Our preferred local agent specializes in residential incomes in Gloucester and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

What is the price per square foot for this home?

This home is listed at $2,390,000 with 6,700 sqft of space—that comes out to approximately $357 per square foot.

How long has this property been on the market?

222 Main St was listed on November 12, 2026, which means it's been on the market for 2 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

When was this house built?

This home was built in 1900, making it approximately 126 years old.

What is the lot size of this property?

222 Main St sits on a 0.07-acre lot, which is 3,049 square feet.

What are the property taxes for 222 Main St?

The most recent public record shows annual property taxes for 222 Main St were approximately $8,328. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.

Is 222 Main St still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

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Listing information provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Copyright 2026, MLS Property Information Network (MLS PIN). All rights reserved.

Last Updated: November 14, 2026 at 04:30PM | Source: MLS Property Information Network (MLS PIN) | MLS#: 73601539