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Adam Dow

| The Dow Group | #1 Real Estate Team in New Hampshire

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366 Main St , Gloucester, MA 01930
$1,190,000
Est. Payment: $2,644.44/mo
9 Bed
4 Bath
3600 Sqft
Status: Active | Days on site: 32
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AN8150 - CN237355
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House Description

Rare opportunity to acquire a fully renovated 3-family property in a highly desirable Gloucester location, just minutes from Good Harbor Beach and offering beautiful ocean views. The property combines strong rental fundamentals with the lifestyle appeal of one of the North Shore’s most sought-after coastal markets. The property has been thoughtfully renovated throughout, featuring updated kitchens and bathrooms, modern finishes, in-unit laundry, and two dedicated parking spaces. The flexible three-family configuration provides multiple income streams and makes the property attractive for both long-term rental and seasonal/vacation rental strategies. With its proximity to Good Harbor Beach, Gloucester’s restaurants, harbor, and downtown amenities, the property is well positioned to benefit from strong demand from both year-round tenants and summer visitors. The property also offers excellent potential for an Airbnb/short-term rental strategy, subject to applicable City of Gloucester regulations and permitting requirements. A major component of the investment opportunity is the separate 368R Main Street lot, located directly behind the property. This additional parcel provides meaningful future upside and could potentially support an ADU, additional residential unit, or other development concept, subject to zoning, permitting, utilities, and site requirements. Please reach out for private showings.

Highlights

Listed by Kristi Gjikondi , 781-558-3465 Gjikondi Realty , 781-558-3465.

Property Type

Multi-Family

Lot/Acreage
0.1

Year Built

1900

County

Essex

Listing ID

73564309

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:9
  • Bathrooms:4
  • Full Bathrooms:4
Water:Public

Exterior Features

Lot:Waterfront,Ocean,Harbor,1/2 to 1 Mile To Beach,Beach Ownership(Public)
Garage Capacity:2
Zoning:NB
Sewer:Public Sewer
Parking Features:Off Street,Parking Spaces: 2
Principal Interest
$2,644
Taxes
$552

Home Price

$1,190,000

Loan Details

30 yrs
%

Down Payment

20%
$238,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$2,644.44

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,644.44 $552.00 $0.00 $3,196.44
Yearly $31,733.33 $6,624.00 $0.00 $38,357.33
Total $952,000.00 $198,720.00 $0.00 $1,150,720.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Gloucester, MA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.