222 Main St Gloucester, MA ^$ 2,590,000

222 Main St

^$ 2,590,000

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222 Main St

Gloucester, MA, 01930

^$ 2,590,000

Bedrooms-- Baths--

Monthly Estimate*

^$ 15,947

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Commercial Property for sale in Gloucester, MA

for $2,590,000. This building was built in 1900 on a lot size of 0.07.

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.

Commercial Active

Price

^$ 2,590,000

Property Type

Commercial

Taxes

^$ 8,328

Style

Lot Size

0.07

Year Built

1900

Town/City

Gloucester

County/Region

Essex

MLS | Web ID

73533334

List By

Stephen Martin

Listing Agent

Aluxety

Broker

Affordability Calculator

$16,641

Per Month

Monthly Principal & Interest: $15,947
Monthly Property Taxes: $694
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Trends

Commerical listings in Gloucester, MA

Average List Price ^$1,371,000

Percent of Sale Price 47%

About Gloucester, MA

29,325 Population

-3% Since 2002

^$65,220 Median Income

48.77 Median Age

20% Households with Children

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Trends Information provided by ATTOM Data Solutions.

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Pricing History

Date	Price	Price Change	Description
6/10/2026	$2,590,000		Listed Price

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222 Main St, Gloucester, MA, 01930 is a Commercial Property for sale at $2,590,000 with a lot size of 0.07. 222 Main St was built in 1900. The property's zip code is 01930 which is in Gloucester, MA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Data is updated as of 6/11/2026.

The real estate information and related content displayed on this site is provided 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.

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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222 Main St

Commercial Property for sale in Gloucester, MA

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