508 Elliott St, Beverly, MA 01915
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$1,349,000
4 Unit
8 Beds
4 Baths
3984 SQFT
0.21 Acre

Property Description

Outstanding investment opportunity in Beverly! This 4-family property offers four spacious two bedroom, one bath units with well designed layouts. A large level lot provides a spacious yard, ample parking and possible future opportunities. With below-market rents and strong upside potential, this is a prime value-add asset for investors, contractors, or owner-occupants looking to generate income. The property also presents an excellent condo conversion opportunity. Enjoy easy access to Route 128 and the MBTA commuter rail, making this a commuter-friendly location. Whether you're seeking steady cash flow or long-term appreciation on the North Shore, this is a rare chance to own a well-located, multi-unit building with room to grow. All this ideally located near downtown, shops, and restaurants.

Property Details tap to expand

Building Information

  • Total Units: 4
  • Total Floors: 4
  • Total Bedrooms: 8
  • Total Full Baths: 4
  • Amenities: Highway Access, Public School, Public Transportation, Shopping

Financial

  • APOD Available: Yes
  • Gross Operating Income: 103200
  • Net Operating Income: 103200

Utilities

  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 3 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 4 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 1

Construction

  • Year Built: 1909
  • Type: 4 Family
  • Foundation Info: Fieldstone
  • Lead Paint: Yes
  • Warranty: No

Other Information

  • MLS ID# 73418850
  • Last Updated: 08/20/25

Property History tap to expand

Date Event Price Price/Sq Ft Source
08/20/2025Active$1,349,000$339MLSPIN
08/16/2025New$1,349,000$339MLSPIN

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Seller's Representative: Salvatore DiMercurio, Keller Williams Realty Evolution
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 2025-08-20 03:05:00