Active
299 Days on market
197 E. Main #1 Gloucester — Photo 1 of 10

197 E. Main #1 Gloucester — Photo 1 of 10

Recent Drop: $175,000

$425,000
$250,000

$250,000

197 E. Main #1, Gloucester, MA 01930

Gloucester, MA 01930 — East Gloucester

Investor Analysis

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.

Open Houses

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$313/sqft
Local Avg (Gloucester)$522/sqft
40% BelowMarket Average

* Analysis is based on 24 actively listed and recently sold comparable properties strictly within Gloucester, MA.

Property Details

Financials

Original Price$425,000
Annual Taxes$4,352.96
HOA Fee$347.88

Parking

Garage0
Off-Street0

Interior Specifications

Total Rooms3
FireplacesNone
FlooringWood, Tile, Vinyl, Carpet, Flooring - Wall to Wall Carpet, Flooring - Stone/Ceramic Tile
BasementY

Climate & Utilities

HeatingCentral, Baseboard, Oil, Ductless
CoolingDuctless
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle, Rubber
Foundation--
ZoningNB

Property & Lot

Acres0.06
SqFt Lot2,460
Lot Features--

Amenities & Appliances

Refrigerator

Neighborhood

Public Transportation • Shopping • Tennis Court(s) • Walk/Jog Trails • Golf • Medical Facility

Geography

Floorplan Breakdown

Structural Layout

First
Bathroom 2
Bathroom 2
Lvl First

4 x 4

Bathroom - Half, Flooring - Vinyl

Property History

Price Drop
$250,000

Was $299,000

Sep 19, 2026

MLS® 73457677

Price Drop
$299,000

Was $325,000

Aug 20, 2026

MLS® 73457677

Price Drop
$325,000

Was $399,000

Jan 9, 2026

MLS® 73457677

Price Drop
$399,000

Was $425,000

Dec 4, 2025

MLS® 73457677

Listed
$425,000

Nov 25, 2025

MLS® 73457677

Population

30,075

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$84K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

36.0%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Essex County

1,060 housing units permitted in the last 12 months (-11% vs the prior 12 months) — 603 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jul '26)

Full Gloucester, MA market report ZIP 01930 market data
Listing Provided By

Listing Agent: Andree Gillian Group

Listing Office: Engel & Volkers By the Sea

MLS® Number: 73457677

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