197 E. Main #1 Gloucester — Photo 1 of 10
Recent Drop: $126,000
$299,000
Investment Analysis — 197 E. Main #1
Gloucester, MA 01930 — East Gloucester
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a home in 01930 carries an estimated $2,040/mo in gross rent — about a 3.37% cap rate and $10,077/yr in estimated NOI at the $299,000 list price. Adjust every assumption in the calculator below.
Beds
--
Baths
0.5
SqFt
800
Style
Condominium
Built
1900
Iconic and storied East Gloucester location with amazing potential! First floor commercial condo unit is formerly Duckworth's Bistrot. This space could be a restaurant, office or business. Consists of a large great room with beautiful floor to ceiling windows, half bath, kitchen and washroom. Outdoor space currently holds a walk-in refrigerator but could be a patio space. You are in the heart of East Gloucester with Smith Cove on your doorstep, North Shore Art Association around the corner and Rocky Neck minutes away.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Refrigerator
Neighborhood
Public Transportation • Shopping • Tennis Court(s) • Walk/Jog Trails • Golf • Medical Facility
Geography
Floorplan Breakdown
Structural Layout
Bathroom 2
Lvl First4 x 4
Bathroom - Half, Flooring - Vinyl
Property History
$299,000
Was $325,000
Aug 20, 2026
MLS® 73457677
$325,000
Was $399,000
Jan 9, 2026
MLS® 73457677
$399,000
Was $425,000
Dec 4, 2025
MLS® 73457677
$425,000
Nov 25, 2025
MLS® 73457677
Listing Agent: Andree Gillian Group
Listing Office: Engel & Volkers By the Sea
MLS® Number: 73457677