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222 Main St
Gloucester, MA 01930 North Shore

$2,790,000 USD

Manufactured Housing Mobile Home Park For Sale • 7,239 SF

Property Details

Property Type Manufactured Housing Mobile Home Park
Total Building Size 7,239 SF
Lot Size 0.07 AC
Building Class C
Year Built 1900
Cap Rate 6.80 %
Zoning C-B, Gloucester

50 Transit Score

60 Walk Score

                
                    Highlights
                
                                100% occupied with stable, long-term tenants
                            
                                Recent capital improvements reduce near-term capex
                            
                                10 Units: 7 Residential + 3 Commercial
                            
                                Strong 6.8%cap rate with value-add upside 
                            
                                Prime downtown Main Street location
                            
                                Ideal 1031 Exchange candidate

Financial Summary (Actual)

Net Operating Income: $191,260 USD (2025)

Cap Rate:	6.80 %
Total Expenses:	$71,660 USD

Public Transportation

Commuter Rail	Drive	Walk	Distance
Gloucester (Newburyport/Rockport Line - Massachusetts Bay Transportation Authority Commuter Rail (Purple Line))	2 min	12 min	0.6 mi
West Gloucester (Newburyport/Rockport Line - Massachusetts Bay Transportation Authority Commuter Rail (Purple Line))	5 min	-	2.7 mi
Airport	Drive	Walk	Distance
General Edward Lawrence Logan International	52 min	-	31.3 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Type:	Surface
Included in Rent:	Yes

Steve Martin 617-212-3251 MultiFamilyProperties.com

222 Main St Gloucester, MA 01930 North Shore