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Key Details
Sold Price $1,475,000
Property Type Multi-Family
Sub Type 5+ Family - 5+ Units Up/Down
Listing Status Sold
Purchase Type For Sale
Square Footage 4,830 sqft
Price per Sqft $305
MLS Listing ID 73472044
Sold Date 03/17/26
Bedrooms 7
Full Baths 6
Year Built 1915
Annual Tax Amount $11,875
Tax Year 2025
Lot Size 5,662 Sqft
Acres 0.13
Property Sub-Type 5+ Family - 5+ Units Up/Down
Property Description
Welcome to this 5 unit multifamily opportunity in Beverly with strong in-place income. This well maintained 1915 property offers 5 units across 3 floors, totaling approx. 4,830 SF, 7 bedrooms, and 6 baths. Current rents total $10,725/month ($129,700 gross annual income). The units offer a spacious first floor 3 bedroom, 2 bathroom newly renovated unit complete with remodeled finishes, plus four additional 1 bedroom units. Many units feature hardwood floors, tile baths, and updated kitchens with upgraded cabinetry and countertops. Gas-fired hot water radiator heat, full unfinished basement, and a paved drive with off-street parking are available. Coin operated laundry in building. Conveniently located in the heart of Beverly, with proximity to public transportation, shopping, parks, schools, major routes, and Beverly's coastline. Excellent option for investors seeking cash flow in a high-demand North Shore rental market.
Location
State MA
County Essex
Zoning CN
Direction Across the street from Dunkins / Flip the Bird shopping plaza.
Rooms
Basement Full, Bulkhead, Unfinished
Interior
Interior Features Pantry, Upgraded Cabinets, Upgraded Countertops, Walk-In Closet(s), Bathroom With Tub & Shower, Open Floorplan, Remodeled, Ceiling Fan(s), Living Room, Kitchen
Heating Hot Water, Forced Air
Cooling None
Flooring Wood, Carpet, Tile, Hardwood
Appliance Dishwasher, Microwave, Refrigerator
Exterior
Fence Fenced
Community Features Public Transportation, Shopping, Park, Medical Facility, Highway Access, Private School, Public School, University
Waterfront Description Ocean,1 to 2 Mile To Beach,Beach Ownership(Public)
Roof Type Rubber
Total Parking Spaces 7
Garage No
Building
Story 5
Foundation Stone
Sewer Public Sewer
Water Public
Others
Senior Community false
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Bought with Blake La Grassa • Compass
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