Property Description

Great opportunity to own a centrally located 5-unit multifamily property in the heart of Beverly. The property features two 1-bedroom units, two 2-bedroom units, and a spacious 4-bedroom unit, offering a versatile mix of layouts and strong rental potential. Conveniently located near the area's restaurants, shops, and amenities, as well as Montserrat College of Art and the Beverly Commuter Rail Station. Dane Street Beach is also just a short distance away. Five off-street parking spaces add valuable convenience for tenants. An exciting opportunity for investors to own a centrally located multifamily property with potential upside through future rent growth and continued improvements.

Property Details tap to expand

Building Information

  • Total Units: 5
  • Total Floors: 5
  • Total Bedrooms: 10
  • Total Full Baths: 5
  • Amenities: Golf Course, Highway Access, House of Worship, Laundromat, Marina, Medical Facility, Private School, Public School, Public Transportation, Shopping, T-Station, University
  • Basement Features: Bulkhead, Concrete Floor, Unfinished Basement

Financial

  • APOD Available: No
  • Expenses Source: Estimated
  • Gross Operating Income: 125100
  • Gross Expenses: 32792
  • Net Operating Income: 92308

Utilities

  • Electric Info: Varies per Unit
  • Utility Connections: Varies per Unit
  • 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: 1
  • Levels: 1

Unit 3 Description

  • Floors: 2
  • Levels: 1

Unit 4 Description

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

Construction

  • Year Built: 1910
  • Type: 5-9 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Vinyl, Wall to Wall Carpet, Wood
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73564888
  • Last Updated: 08/18/26

Property History tap to expand

Date Event Price Price/Sq Ft Source
08/18/2026New$1,400,000$295MLSPIN

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Seller's Representative: Herrick Lutts Realty Partners, Herrick Lutts Realty Partners
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 2026-08-18 09:20:00

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