The Cabot Collection, Beverly, MA 01915
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$22,000,000
77 Unit
99 Beds
81 Baths
52603 SQFT
1.09 Acre

Property Description

The Cabot Collection includes 8 properties located at 39 Railroad Ave, 5 Pleasant St, and 62, 64, 66, 80, 84 and 130 Cabot St. The Portfolio consists of 3 commercial units, 8 Studio units, (42) 1-Bed units, (22) 2-Bed units, and (2) 3-Bed units, for a total of 77 units centered around Cabot Street in Downtown Beverly, which satisfies the high demand for workforce housing in the Boston/North Shore real estate market. Over the last several years, approximately 68 of the 77 units have been renovated, and more than half of the properties feature newer roofs, most common areas have been cosmetically upgraded and many of the kitchens have been redone with modern upgrades. The opportunity exists to continue with the programmatic upgrade of the residential units to push rental rates in a high demand/limited supply market. The Cabot Collection offers investors the rare opportunity to acquire a critical mass of investment properties in a supply-constrained downtown market within the Boston MSA.

Property Details tap to expand

Building Information

  • Total Units: 77
  • Total Floors: 3
  • Total Bedrooms: 99
  • Total Full Baths: 81
  • Amenities: Bike Path, Golf Course, Highway Access, House of Worship, Laundromat, Marina, Medical Facility, Park, Private School, Public School, Public Transportation, Shopping, Swimming Pool, Tennis Court, T-Station, University, Walk/Jog Trails

Financial

  • APOD Available: No
  • Gross Operating Income: 1925712
  • Gross Expenses: 607649
  • Net Operating Income: 1318063

Utilities

  • Electric Info: Common, Individually Metered, Other (See Remarks), Other (See Remarks)
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Gas, Heat, Hot Water, Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Gas, Heat, Hot Water, Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Construction

  • Year Built: 1890
  • Type: 5+ Family - 5+ Units Side by Side
  • Foundation Info: Other (See Remarks)
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles, Rubber
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73416629
  • Last Updated: 08/16/25

Property History tap to expand

Date Event Price Price/Sq Ft Source
08/16/2025Active$22,000,000$418MLSPIN
08/12/2025New$22,000,000$418MLSPIN

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Seller's Representative: Stephen Girolamo, Horvath & Tremblay
Sub Agent Compensation: n/a
Buyer Agent Compensation: 1
Facilitator Compensation: n/a
Compensation Based On: Net Sale Price
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2025-08-16 03:05:00