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About this home
Are you looking for a rare opportunity to embrace the coastal lifestyle Cape Ann is known for? Imagine waking up to picturesque views of Cripple Cove, watching the boats come and go as you sip your morning coffee, and enjoying the peaceful rhythm of life by the sea. Beautifully renovated with thoughtfully designed living spaces, modern finishes, and energy-efficient features, this property offers two distinct condominiums, available for purchase individually or together as a two-family. Unit #1: 3 BR, 2BA Embraces a relaxed coastal feel, this beautifully appointed residence features an inviting open-concept kitchen and living area that makes the most of its spectacular water views. The modern kitchen offers granite countertops, stainless steel appliances, an induction range, and a breakfast bar. The thoughtfully designed primary suite features a walk-in shower, powder room, and separate toilet room. Radiant heat in the bedrooms, a second bedroom and bathroom, and electric dryer and washer hookups complete the space. With Cripple Cove as your backdrop, everyday living feels like a getaway. Unit #2: 1BR, 1BA A striking contrast in style, this residence brings modern industrial loft-inspired living to the Gloucester waterfront. Featuring an open layout, contemporary finishes, granite countertops, stainless steel appliances, a breakfast bar, and a bathroom with a walk-in shower, every space is thoughtfully designed. The bedroom opens to a private rooftop deck with breathtaking water views, creating the perfect place to relax and enjoy the ocean air. Both units feature energy-efficient design elements, ENERGY STAR appliances, insulated windows, solar features, 200-amp electrical service, and an EV charging station, along with two parking spaces and rear shed. With easy access to Route 128 and a prime location minutes from Gloucester's beaches, downtown, restaurants, and working waterfront, convenience meets charm. Just steps from a public landing where you can launch a kayak or catch the water shuttle, this location makes it easy to embrace life on the water. Whether you're seeking a year-round residence, summer escape, or investment opportunity, 86 East Main Street offers the flexibility to purchase one condominium or both as a multi-family, inviting you to experience the best of Cape Ann living, where the ocean is always part of the view.
Multi-familyProperty Type
1900Year Built
2,630 sq ftLot Size
$988Price/Sq.Ft.
2 spacesParking
Listed by Ron Goulart and Jennifer Anderson• RE/MAX Beacon
East Gloucester, located between Gloucester Harbor and Cape Ann’s Atlantic shoreline, is a seaside and residential Gloucester neighborhood with working-waterfront grit and beach-town calm. The neighborhood’s character concentrates around the Causeway at Eastern Point Boulevard, where lobster boats, bait-and-tackle storefronts, and harbor-view walks set the tempo. Rocky Neck Art Colony and the Gloucester Fishermen’s Memorial anchor local culture with studios, galleries, and maritime history. Streets mix weathered captains’ cottages, shingled seaside homes, and compact multifamily blocks. Stage Fort Park and the HarborWalk frame daily routines with lawns, coves, and long views. Good Harbor Beach and Niles Beach bring salt-air afternoons and seasonal bustle.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
Ceiling fans
Stone, granite, or solid-surface counters
Bathroom with shower stall
Open floor plan
Cathedral or vaulted ceilings
Living room
Kitchen
Box, bay, or bow windows
Insulated windows
Bathrooms
3 full bathrooms
Kitchen
Microwave
ENERGY STAR-qualified refrigerator
ENERGY STAR-qualified dishwasher
Range
Laundry & utility
Washer and dryer hookups
Electric dryer hookup
Flooring
Other flooring
Heating & cooling
Radiant and ductless heating
Ductless cooling
Exterior features
Roof deck
Harbor views
Ocean waterfront
Public beach ownership, 1 to 2 miles away
Shed
Home design
Multi-family
3 stories
Parking
2 open parking spaces
Paved drive
Off-street parking
Construction
Concrete perimeter and stone foundation
Shingle roof
Built approximately; renovated since
Utilities
Public water
Public sewer
200+ amp electric service
Solar
HOA & community
Near public transportation, shopping, a park, and a marina
Electricity and solar
View estimated energy costs and solar savings for this home
Opportunity knocks in East Gloucester! This 3-family property offers endless potential for investors, contractors, or creative homeowners. Enjoy water views of beautiful Cripple Cove and imagine watching the sun rise and set while sipping your morning coffee. Each unit offers unique character and layout—ready to be reimagined or restored to your taste. With a little vision and creativity, the possibilities are endless. Offered as-is in a peaceful coastal enclave loved for its views, charm, and walkable lifestyle. No off-street parking.
MLS PIN #30096258
Jul 10, 1996
Sold
$82,000
$50/sq ft
Mar 28, 1996
Listed
$100,000
$61/sq ft
SOLID 3 FAMILY ACROSS FROM HARBOR, MARINA. NEEDS PLUMBING WORK AND SOME ELEC. UPDATE PLUS COSMETICS. GOOD INVESTMENT OR OWNER OCCUPIED SITUATION. NEW WINDOWS, GOOD ROOF, CONV. LOCATION. E. GLOUCESTER SCHOOL DISTRICT.
Public Records
Dec 14, 1994
Sold
$150,551
$92/sq ft
Year
Property tax
Land + Additions
Assessment*
2023
$5,499 (+10.3%)
$129,200 + $390,100
$519,300
2022
$4,986 (+3.3%)
$112,400 + $312,700
$425,100
2021
$4,827 (+5.3%)
$102,200 + $285,800
$388,000
2020
$4,584 (+7.0%)
$102,200 + $269,600
$371,800
2019
$4,284 (+3.7%)
$102,200 + $235,400
$337,600
2018
$4,132 (+3.7%)
$102,200 + $217,400
$319,600
2017
$3,985 (+5.5%)
$97,300 + $204,800
$302,100
2016
$3,777 (+1.7%)
$101,500 + $176,000
$277,500
2015
$3,714 (+6.8%)
$101,500 + $170,600
$272,100
2014
$3,477 (−1.9%)
$101,500 + $166,400
$267,900
2013
$3,545 (−1.4%)
$111,000 + $169,900
$280,900
2012
$3,597 (−0.9%)
$118,200 + $177,100
$295,300
2011
$3,631 (+6.9%)
$135,000 + $186,000
$321,000
2010
$3,398 (−0.5%)
$137,700 + $186,200
$323,900
2009
$3,414
$139,200 + $216,400
$355,600
Public record
Beds
4
Baths
3
Stories
3
Lot width
—
Lot depth
—
Lot size
2,614 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
1,991
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,991
Year built
1900
Style
Multi-Family (2-4 Unit)
County
Essex County
APN
1896866
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 20, 2023.
Climate risks
6/10 Flood Factor
Estimated 80%+ chance of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
7 days above 89° expected this year, 17 days in 30 years
8/10 Wind Factor
80% chance of strong winds in next 30 years
4/10 Air Factor
5 unhealthy days expected this year, 5 days in 30 years
Provided by First Street
Historical weather
Gloucester, MA • 01930
Average low and high temperatures (°F)
33
21
35
22
47
32
55
40
65
50
76
60
80
65
76
61
71
57
62
48
52
38
39
26
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
79/ 100
Good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
7.6 hrs
4.1 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 86 East Main St
$1,517,519
$102K under list price of $1.62M
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $562K to $2.4M.