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$325,000 -$74,000 (-18.55%) Price Reduced

  • For Sale
  • Active
  • Condo
  • 1 Partial Bath
  • 800 Sq. Ft.
  • 0.06 Acres
  • Updated 3 days ago
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Iconic and storied East Gloucester location with amazing potential! First floor condo unit is formerly Duckworth's Bistrot. This space could be a restaurant, office or business or could be converted to residential with a special permit. Consists of a large great room with beautiful floor to ceiling windows, half bath, kitchen and washroom. Outdoor space currently holds a walk-in refrigerator but could be a patio space. You are in the heart of East Gloucester with Smith Cove on your doorstep, North Shore Art Association around the corner and Rocky Neck minutes away.*Please note - pictures in restaurant with tables/chairs/bar/kitchen equipment are a depiction of the old setup, no chairs/table/bar and most of kitchen equipment are present any longer.

Full Property Details for 197 E Main #1

General

  • Price: $325,000
  • HOA FEE: $500/month
  • Taxes: $4,352 (2025)
  • Status: Active
  • Type: Condo
  • MLS ID: 73457677
  • Updated: 1/13/2026
  • Added to Site: 52 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 1
  • Half Bathrooms: 1
  • Bathroom 2: 4.00 x 4.00, First

Parking

  • Parking Features: None

Location

  • County: Essex

Structural Information

  • Basement: Yes
  • Stories/Levels: 3
  • Square Feet: 800
  • Year Built: 1900

Lot Features

  • Lot Size (Acres): 0.06

Financial Considerations

  • Association Fee: $500
  • Tax Amount: $4,352.96
  • Tax Year: 2025

Disclosures and Reports

  • Disclosures/Rstr.: Condo documents will be filed before closing. Condo fee is an estimate that includes master insurance. Oil/Water/Sewer are shared expenses payed separately. Unit 1 and 2 will most likely need concurrent closing dates. Some pictures in listing are older restaurant layout and furniture/equipment.
  • Property ID: 1897061

Listed by Engel & Volkers By the Sea, Andree Gillian Group and Gillian Harnish Bouchie

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Listing agents

— 197 E Main #1 —

  • Andree Gillian Group

    Engel & Volkers By the Sea

  • Gillian Harnish Bouchie

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 197 E Main #1

School District:Gloucester School District
NameGradesDistance
East Gloucester Elementary School
8 Davis Street Extension, Gloucester, MA 01930
K-50.2 mi
Ralph B O'maley Middle School
32 Cherry Street, Gloucester, MA 01930
6-81.8 mi
Gloucester High School
32 L O Johnson Rd, Gloucester, MA 01930
9-121.3 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 197 E Main #1 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/09/2026
Price Reduced
$325,000
-18.55%
MLS
12/04/2025
Price Reduced
$399,000
-6.12%
MLS
11/25/2025
Listed
$425,000
254.17%
MLS
4/01/1994
Sold
$120,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 197 E Main #1

Year
Property Taxes
Change
Tax Assessment
Change
2025
$7,136
16%
$734,200
3%
2020
$6,134
—
$709,800
6%
2020
$6,134
—
$669,400
16%
2020
$6,134
—
$577,400
15%
2020
$6,134
—
$500,400
4%
2020
$6,134
100%
$481,500
1%
2019
100%
$478,800
1%
2018
100%
$473,400
3%
2017
100%
$459,800
—
2016
100%
$459,700
—
2015
100%
$459,700
—
2014
—
$461,700
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 197 E Main #1

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Engel & Volkers By the Sea, Andree Gillian Group and Gillian Harnish Bouchie

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197 E. Main #1, Gloucester, MA 01930 (MLS# 73457677) is a Condo property with 0 bedrooms, 0 full bathrooms and 1 partial bathroom. 197 E. Main #1 is currently listed for $325,000 and was received on November 25, 2025. Want to learn more about 197 E. Main #1? Do you have questions about finding other Condo real estate for sale in Gloucester? You can browse all Gloucester real estate or contact a Coldwell Banker agent to request more information.

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