7-11 Wallis St, Beverly, MA 01915
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$1,885,000
4 Unit
5 Beds
6 Baths
6722 SQFT
0.10 Acre

Property Description

A rare opportunity to acquire a trophy mixed-use asset in the heart of Downtown Beverly. Meticulously renovated throughout, the property blends historic character, modern systems, and durable in-place cash flow in one of the North Shore’s most desirable downtown markets. The property contains approximately 6,722± rentable square feet within a 10,223± gross square footage and features three (3) renovated residential units alongside the iconic home of Off Cabot Comedy & Events, a destination entertainment venue with a strong following. The commercial tenancy offers stable income with 5% annual rent escalations, creating built-in NOI growth and long-term stability. The unit mix of one studio, one 1-bedroom, & one 3-bedroom underwent gut renovations with sun-filled open floor plans, soaring ceilings, hardwood flooring, beautiful woodwork, large bathrooms, eat-in kitchens, and in-unit laundry. Fantastic opportunity to own a gorgeous property right in Downtown Beverly.

Property Details tap to expand

Building Information

  • Total Units: 4
  • Total Floors: 3
  • Total Bedrooms: 5
  • Total Full Baths: 3
  • Total Half Baths: 3
  • Total Fireplaces: 1
  • Amenities: Highway Access, Medical Facility, Park, Public Transportation, Shopping, T-Station, Walk/Jog Trails
  • Basement Features: Finished, Full, Other (See Remarks)
  • Common Interior Features: Tile Floor
  • Common Appliances: Dishwasher, Disposal, Dryer, Range, Refrigerator, Washer
  • Common Heating: Central Heat, Electric
  • Common Cooling: Central Air

Financial

  • APOD Available: No
  • Expenses Source: Owner Provided
  • Gross Operating Income: 133938
  • Gross Expenses: 50488
  • Electric Expenses: 3131
  • Water/Sewer: 5076
  • INSC: 14510
  • Repairs & Maintenance: 1800
  • RFS: 1500
  • Management Fee: 5197
  • Net Operating Income: 79432

Utilities

  • Electric Info: 200 Amps, 60 Amps/Less, None
  • Utility Connections: for Electric Range, for Gas Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

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

Unit 2 Description

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

Unit 3 Description

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

Construction

  • Year Built: 1860
  • Type: 4 Family - 4 Units Up/Down
  • Foundation Info: Fieldstone
  • Roof Material: Rubber
  • Flooring Type: Hardwood, Tile, Wood
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73531689
  • Last Updated: 06/08/26

Property History tap to expand

Date Event Price Price/Sq Ft Source
06/08/2026New$1,885,000$280MLSPIN
06/08/2026New$1,885,000$280MLSPIN
02/10/2025Expired$1,950,000$290MLSPIN
02/09/2025Expired$1,950,000$290MLSPIN
11/18/2024Temporarily Withdrawn$1,950,000$290MLSPIN
11/18/2024Temporarily Withdrawn$1,950,000$290MLSPIN
11/09/2024Active$1,950,000$290MLSPIN
11/09/2024Active$1,950,000$290MLSPIN
11/05/2024Price Change$1,950,000$290MLSPIN
11/05/2024Price Change$1,950,000$290MLSPIN
10/12/2024Active$1,975,000$294MLSPIN
10/12/2024Active$1,975,000$293MLSPIN
10/08/2024New$1,975,000$294MLSPIN
10/08/2024New$1,975,000$293MLSPIN

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Seller's Representative: Dan Pouladian, North Shore Realty Advisors
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 2026-06-08 11:08:00

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