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222 Main St
Gloucester, MA 01930
Multifamily Property For Sale
·
10 Units
Investment Highlights
- 100% occupied with stable, long-term tenants
- 10 Units: 7 Residential + 3 Commercial
- Prime downtown Main Street location
- Recent capital improvements reduce near-term capex
- Strong 6.8%cap rate with value-add upside
- Ideal 1031 Exchange candidate
Property Facts
| No. Units | 10 | Lot Size | 0.07 AC |
| Property Type | Multifamily | Building Size | 7,239 SF |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built/Renovated | 1900/2024 |
| Building Class | C | ||
| Zoning | C-B, Gloucester - Legal, Non-Conforming | ||
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 7,239 SF |
| No. Stories | 4 |
| Year Built/Renovated | 1900/2024 |
| Zoning | C-B, Gloucester - Legal, Non-Conforming |
Amenities
Unit Amenities
- Deck
Property Taxes
| Parcel Number | GLOU-000013-000017 | Improvements Assessment | $751,200 |
| Land Assessment | $561,500 | Total Assessment | $1,312,700 |
Property Taxes
Parcel Number
GLOU-000013-000017
Land Assessment
$561,500
Improvements Assessment
$751,200
Total Assessment
$1,312,700
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