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$2,590,000 Just Listed

  • For Sale
  • Active
  • Commercial
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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.

Full Property Details for 222 Main St

General

  • Price: $2,590,000
  • Taxes: $8,328 (2026)
  • Status: Active
  • Type: Commercial
  • MLS ID: 73533334
  • Updated: 6/10/2026
  • Added to Site: 3 day(s) ago

Location

  • County: Essex

Structural Information

  • Year Built: 1900

Lot Features

  • Lot Size (Acres): 0.07

Financial Considerations

  • Tax Amount: $8,328
  • Tax Year: 2026

Disclosures and Reports

  • Disclosures/Rstr.: Listing agent is partial owner. This disclosure is made in accordance with MA real estate disclosure requirements.
  • Property ID: M:0013 B:0017 L:0000, 1893957

Listed by Aluxety, Stephen Martin

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Listing agent

— 222 Main St —

  • Stephen Martin

    Aluxety

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 222 Main St

School District:Gloucester School District
NameGradesDistance
Ralph B O'maley Middle School
32 Cherry Street, Gloucester, MA 01930
6-81.3 mi
Gloucester High School
32 L O Johnson Rd, Gloucester, MA 01930
9-120.8 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 222 Main St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/10/2026
Listed
$2,590,000
99.23%
MLS
8/10/2020
Sold
$1,300,000
—
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 222 Main St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$12,759
53%
$1,312,700
3%
2020
$8,323
—
$1,269,700
6%
2020
$8,323
—
$1,202,200
16%
2020
$8,323
—
$1,035,500
51%
2020
$8,323
—
$686,200
5%
2020
$8,323
100%
$653,300
1%
2019
100%
$648,600
1%
2018
100%
$639,200
2%
2017
100%
$624,300
—
2016
100%
$624,400
—
2015
100%
$624,400
—
2014
—
$624,400
—
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.

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

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with our affiliated lender
NMLS#: 1598647

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Listed by Aluxety, Stephen Martin

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24 Bayridge Ln, Rockport, MA 01966 - Photo 1 Just Listed
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20 Woodholm Rd, Manchester by the Sea, MA 01944 - Photo 1 Just Listed
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20 Woodholm Rd  Manchester by the Sea, MA 01944

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Price Reduced near 222 Main St

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32 Haven Ave, Rockport, MA 01966 - Photo 1 Price Reduced
-$69,000 (-5.04%)
$1,300,000

32 Haven Ave  Rockport, MA 01966

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338 Granite St, Rockport, MA 01966 - Photo 1 Price Reduced
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338 Granite St  Rockport, MA 01966

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33 Highview Rd, Rockport, MA 01966 - Photo 1 Price Reduced
-$36,000 (-3.55%)
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33 Highview Rd  Rockport, MA 01966

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27 Hodgkins Rd, Rockport, MA 01966 - Photo 1 Price Reduced
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27 Hodgkins Rd  Rockport, MA 01966

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Recent Sales near 222 Main St

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15 Lufkin Point Rd, Essex, MA 01929 - Photo 1 Sold
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15 Lufkin Point Rd  Essex, MA 01929

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25 Forest St, Manchester by the Sea, MA 01944 - Photo 1 Sold
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25 Forest St  Manchester by the Sea, MA 01944

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4 Tara Rd, Essex, MA 01929 - Photo 1 Sold
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222 Main St, Gloucester, MA 01930 (MLS# 73533334) is a Commercial property. 222 Main St is currently listed for $2,590,000 and was received on June 10, 2026. Want to learn more about 222 Main St? Do you have questions about finding other Commercial real estate for sale in Annisquam? You can browse all Annisquam real estate or contact a Coldwell Banker agent to request more information.

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