222 Main St

Gloucester, MA 01930
Beds
14
Baths
10
Square Ft.
6,700
$2,390,000
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… Read MoreRead Less
Courtesy of Aluxety, Stephen Martin.
Listing Snapshot
Days Online
0
Last Updated
Property Type
5+ Family - 5+ Units Up/Down
Beds
14
Full Baths
10
Square Ft.
6,700
Lot Size
0.07 Acres
Year Built
1900
MLS Number
73601539
Property Location Map
Additional Details
Property Access
Frontage Type: Public
Basement
Partial, Crawl Space, Sump Pump
Building
Built in 1900, Year Built Details: Approximate, Living area: 6700, 5 stories, Levels: 5, Construction Materials: Frame
Community
Public Transportation, Shopping, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, Public School, T-Station
Expenses
Operating: $71,660
Exterior Features
Patio/Porch Features: Deck
Foundation
Stone, Brick/Mortar, Granite
Income
Gross Income: $254,520, Net Operating Income: $183,520
Lot
0.07 acres, Zero Lot Line
Parking
On Street
Property
Farm Land area units: Square Feet
Roof
Shingle, Rubber
Sewer
Public Sewer
Taxes
Parcel Number: M:0013 B:0017 L:0000,1893957, Annual Amount: $8,328, Assessed Value: $894,537, Tax Book Number: 38806, Year: 2026, Zoning: CB
Utilities
Water Source: Public
Water Features
Harbor, Ocean, 1/2 to 1 Mile To Beach, Beach Ownership(Public)
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Alexis Surpitski-MacIntyre
Broker-Owner, Realtor®, MA & NH
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