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$1,095,000
Est. payment /mo
7 Beds
4 Baths
3,845 SqFt
Open House
Sat Sep 19, 11:00am - 12:30pm
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 4 Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,845 sqft
Price per Sqft $284
MLS Listing ID 73541603
Bedrooms 7
Full Baths 4
Year Built 1900
Annual Tax Amount $11,213
Tax Year 2025
Lot Size 6,534 Sqft
Acres 0.15
Property Sub-Type 4 Family
Property Description
A four-unit multifamily property along Beverly's Cabot Street corridor — close to downtown dining, commuter rail, and North Shore amenities. The mix is two one-bedroom and two two-bedroom units. The property currently generates $6,680/month from the occupied units, with one unit vacant, and offers projected stabilized rents of approximately $8,080/month. Three of the four units may be delivered vacant, providing flexibility for owner-occupancy, renovation, repositioning, or a reset to market rents, while one unit is held by an existing fixed-term lease for immediate in-place income. A full attic level — accessed by two staircases, with high ceilings and finished dormers — offers substantial expansion potential, subject to permitting. Zoned CC — Central Business District, a value-add opportunity in a central, high-visibility Beverly location. Buyer to perform all due diligence regarding zoning, use, expansion, and future development potential.
Location
State MA
County Essex
Zoning CC
Direction Use GPS
Interior
Fireplaces Number 1
Exterior
Community Features Public Transportation, Park
Total Parking Spaces 6
Garage No
Building
Lot Description Corner Lot
Story 4
Foundation Concrete Perimeter, Other
Sewer Public Sewer
Water Public
Others
Senior Community false
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Listed by eXp Realty LLC - Corporate Office
NEARBY SCHOOL & BUSINESS
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