Property Description

Prime investment opportunity in Beverly! This amazing two-unit multi-family property offers incredible income potential and endless possibilities, including the option to convert into two separate condo units. Each spacious unit features 4 bedrooms, 1.5 bathrooms, and in-unit laundry, providing both comfort and convenience for tenants or owner-occupants. Recent upgrades include two brand-new dishwashers in both units, a new washer/dryer in Unit 7, and recently replaced PolyComposite Vinyl railings on the front porch. The fenced-in backyard with a turf grass patio offers a low-maintenance outdoor space. With separate water, gas, and electric meters, this property is designed for easy management. Amazing location with close proximity to local shops, restaurants, parks, and beaches. Easy access to the the MBTA commuter rail Newburyport/Rockport line, making commuting a breeze! This is one you don’t want to miss!

Property Details tap to expand

Building Information

  • Total Units: 2
  • Total Floors: 4
  • Total Bedrooms: 8
  • Total Full Baths: 2
  • Total Half Baths: 2
  • Amenities: Golf Course, Highway Access, Laundromat, Medical Facility, Park, Private School, Public School, Public Transportation, Shopping, University, Walk/Jog Trails
  • Basement Features: Bulkhead, Concrete Floor, Interior Access, Unfinished Basement
  • Common Rooms: Kitchen, Living Room
  • Common Interior Features: Bathroom With Tub & Shower, Pantry, Programmable Thermostat, Stone/Granite/Solid Counters, Tile Floor
  • Common Appliances: Dishwasher, Disposal, Dryer, Range, Refrigerator, Washer, Washer Hookup
  • Common Heating: Extra Flue, Forced Air, Gas, Heat Pump, Oil

Financial

  • APOD Available: No
  • Gross Operating Income: 88800
  • Net Operating Income: 88800

Utilities

  • Heat Zones: 4
  • Cooling Zones: 4
  • Electric Info: 200 Amps, Circuit Breakers, Other (See Remarks), Underground
  • Energy Features: Insulated Doors, Insulated Windows, Prog. Thermostat
  • Utility Connections: for Electric Dryer, for Gas Range, Washer Hookup
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 2

Unit 2 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 2

Construction

  • Year Built: 1919
  • Type: 2 Family - 2 Units Side by Side
  • Construction Type: Conventional (2x4-2x6)
  • Foundation Info: Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Hardwood, Tile
  • Lead Paint: Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73338752
  • Last Updated: 03/04/25

Property History tap to expand

Date Event Price Price/Sq Ft Source
03/04/2025Contingent$995,000$340MLSPIN
03/02/2025Active$995,000$340MLSPIN
02/26/2025New$995,000$340MLSPIN
03/18/2024Canceled$899,999$308MLSPIN
02/09/2024Active$899,999$308MLSPIN
02/05/2024New$899,999$308MLSPIN
05/24/2022Sold$905,000$310MLSPIN
04/01/2022Under Agreement$924,999$316MLSPIN
03/31/2022Under Agreement$924,999$316MLSPIN
03/26/2022Contingent$924,999$316MLSPIN
03/25/2022New$924,999$316MLSPIN

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Seller's Representative: Zaki Greige, Lamacchia Realty, Inc.
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2025-03-04 15:28:00