About this home

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.

Facts and features

Schools

• Briscoe Middle School

  elementary · 5-8 · 0.4 mi

  6

• Beverly High School

  high · 9-12 · 0.8 mi

  6

• St Mary School

  elementary · K-8 · 0.3 mi

• Ayers/Ryal Side School

  elementary · K-4 · 0.6 mi

  7

• Beverly School For The Deaf

  elementary · K-12 · 0.7 mi

• The Children's Center For Communication

  elementary · K-8 · 0.7 mi

Price history

• Sep 15, 2026 · Price Changed$1,095,000
• Jun 25, 2026 · Listed$1,149,000

Where it is