412 Cabot St, Beverly, MA 01915
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$1,475,000
5 Unit
7 Beds
6 Baths
4830 SQFT
0.13 Acre

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.

Property Details tap to expand

Building Information

  • Total Units: 5
  • Total Floors: 5
  • Total Bedrooms: 7
  • Total Full Baths: 6
  • Amenities: Highway Access, Medical Facility, Park, Private School, Public School, Public Transportation, Shopping, University
  • Basement Features: Bulkhead, Full, Unfinished Basement
  • Common Rooms: Kitchen, Living Room
  • Common Interior Features: Bathroom With Tub & Shower, Ceiling Fans, Pantry, Tile Floor, Upgraded Cabinets, Upgraded Countertops
  • Common Appliances: Dishwasher, Microwave, Refrigerator
  • Common Heating: Active Solar, Electric Baseboard, Forced Air, Hot Water Radiators, Oil
  • Common Cooling: None

Financial

  • APOD Available: Yes
  • Expenses Source: Other (See Remarks)
  • Gross Operating Income: 128400
  • Net Operating Income: 128400

Utilities

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

Unit 1 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 4 Description

  • Under Lease: Yes
  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1915
  • Type: 5+ Family - 5+ Units Up/Down
  • Construction Type: Aluminum, Frame, Stone/Concrete
  • Foundation Info: Fieldstone
  • Roof Material: Rubber
  • Flooring Type: Hardwood, Tile, Wall to Wall Carpet, Wood
  • Lead Paint: Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73472044
  • Last Updated: 01/31/26

Property History tap to expand

Date Event Price Price/Sq Ft Source
01/31/2026Active$1,475,000$305MLSPIN
01/27/2026New$1,475,000$305MLSPIN

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Seller's Representative: The Pizzo Group, Aluxety
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 2026-01-31 03:05:00