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Financial
Distress signals
Property profile

197 Main St Gloucester, MA 01930

OFF-MARKET
Other investment properties
Property ID
US38-1086809
3,336 SF 0.06 ac lot Built 1900
Last sale Mar 2026 · $475,000
Individually Owned Owner of record is an individual.
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Property summary

AI-generated overview

Located in East Gloucester near Smith Cove, the North Shore Art Association, and Rocky Neck, this three-story property contains a first-floor condo unit and a two-story condo apartment above. The first floor includes a large great room with floor-to-ceiling windows, a half bathroom, a kitchen, and a washroom; it is configured for flexible use, including office or restaurant use, and may be convertible to residential use with required approvals. The second and third floors form a single…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2020

What does the county charge?
$6k
Tax billed · 2020
Assessed value · 2024$710k
Assessed land$326k
Assessed improvement$384k
Effective rate0.86%

Value estimate

· Oct 2026
$605k
$545k – $666k
Submarket $/SF estimate$810k

Realmo valuation models over county records and 25 qualifying comparable sales.

Recently sold

What actually traded nearby?
$226/SF
ZIP average, outlier-cleaned · 41 recorded sales of this use type
Observed band · Q1–Q3$121 – $371
Qualifying comparables25

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
NB
Neighborhood Business Districts are located throughout the city. Residential uses are allowed, as are consumer service and retail busines...
General categoryCOMMERCIAL
JurisdictionGLOUCESTER

Location intelligence

Which uses thrive at this corner?
Best fit: Carpet & Flooring Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Carpet & Flooring Store9.2
Daycare Center9.2
HVAC Service9.0

Location

197 Main St Gloucester, MA 01930-3877
County assessor Recorded deeds · 8 transfers 25 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 8 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
45 Middle, Gloucester, MA 01930-5728 $300,000 Feb 2025 3,648 SF
79 Washington, Gloucester, MA 01930-3532 $625,000 Sep 2024 3,350 SF
15 Washington, Gloucester, MA 01930-5781 $142,000 May 2024 3,174 SF
47th Parker, Gloucester, MA 01930-3018 $1,350,000 Mar 2022 3,136 SF
64 Main, Gloucester, MA 01930 $650,000 Feb 2022 3,441 SF
155 Main, Gloucester, MA 01930-3862 $700,000 Feb 2022 3,725 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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