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    197 E Main U 1&2 Gloucester, MA 01930

    For Sale
    $899,000

    Other - Gloucester, MA

    Type:Multi Family
    Property size:
    2,305 SF
    Lot size:
    0.06 Acres
    Days on Market:
    19
    Last Refresh:
    Dec 5 at 1:06 am

    Property Features for 197 E Main U 1&2

    General Information

    Property type
    Other
    Property subtype
    Multi Family
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3
    Bedrooms
    3
    Bathrooms
    2
    Interior features
    Ceiling Fan(s), Storage, Open Floorplan
    Appliances
    Dishwasher, Range, Refrigerator, Washer
    Size
    2,305 SF
    Lot size
    0.06 Acres

    Utilities

    Heating system
    Baseboard, Hot Water (Heating), Oil
    Cooling system
    Ductless, None (Cooling)
    Water front features
    Ocean Front
    Water front
    1

    Building Details

    Year built
    1900
    Flooring type
    Carpet, Hardwood, Tile, Vinyl, Wood
    Roof type
    Rubber, Shingle
    Architectural style
    Other

    Engel & Völkers Beverly Farms [email protected]

    Listing agent Andrée Robert (978) 865-1168

    Listing date Nov 17, 2025

    MLS# 73448930 Listing URL

    Copyright © 2025 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    East Gloucester Mixed-Use Opportunity

    Located in East Gloucester, this property offers three floors with potential for various uses. The first-floor condo unit, formerly Duckworth's Bistrot, features a large great room with floor-to-ceiling windows, a half bath, a kitchen, and a washroom. This space could function as a restaurant, office, or business, and may be converted to residential use with a special permit. The second and third-floor condo unit is a two-story apartment with high ceilings, natural light, and harbor views. It includes three bedrooms, one bathroom, a large living room, a dining room, and a kitchen with views. A large roof deck overlooks Smith Cove and Gloucester Harbor. The outdoor space currently houses a walk-in refrigerator but could be converted into a patio. The property is situated in the heart of East Gloucester, near Smith Cove, the North Shore Art Association, and Rocky Neck. The building size is 2305 square feet and the lot size is 0.06 acres.
    Location Intelligence

    Current Use by Public Records

    Restaurants

    Map

    City
    Gloucester
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.651061
    Latitude
    42.609189

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    FAQs

    What type of property is this?
    Restaurant - Iconic location with restaurant and residential potential.
    Where is this restaurant located?
    The property is located at 197 E Main U 1&2 Gloucester, MA.
    What is the asking price?
    The asking price for this property is $899,000.
    What are key features of this property?
    This property features: - Iconic East Gloucester location with harbor views and roof deck; - First floor commercial space, formerly Duckworth's Bistrot, with potential for restaurant, business, or residential conversion (with permit); - Two-story apartment boasts three bedrooms, high ceilings, and harbor views
    (978) 865-1168
    Request Owner's contact information
    197 E Main U 1&2 Gloucester, MA 01930
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    197 E Main U 1&2 Gloucester, MA 01930
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