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222 Main Street Gloucester MA 01930
222 Main Street Gloucester MA 01930
222 Main Street Gloucester MA 01930
222 Main Street Gloucester MA 01930
222 Main Street Gloucester MA 01930
222 Main Street Gloucester MA 01930
222 Main Street Gloucester MA 01930
222 Main Street Gloucester MA 01930
222 Main Street Gloucester MA 01930
222 Main Street Gloucester MA 01930
222 Main Street Gloucester MA 01930
222 Main Street Gloucester MA 01930
222 Main Street Gloucester MA 01930

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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.

Property Details of 222 Main Street

Property Details

Interior Features

Exterior Features

Utilities and Appliances

Community

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Map Location

Listed by Stephen Martin of Aluxety

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. (MLSPIN) from third party sources, including sellers, lessors and public records, and were compiled by MLSPIN. 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. MLSPIN 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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