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Key Details
Sold Price $983,000
Property Type Multi-Family
Sub Type 3 Family - 3 Units Up/Down
Listing Status Sold
Purchase Type For Sale
Square Footage 1,819 sqft
Price per Sqft $540
MLS Listing ID 73502182
Sold Date 06/01/26
Bedrooms 5
Full Baths 3
Year Built 1900
Annual Tax Amount $7,136
Tax Year 2025
Lot Size 4,791 Sqft
Acres 0.11
Property Sub-Type 3 Family - 3 Units Up/Down
Property Description
Exceptional opportunity to own a well-maintained three-family property in one of Beverly's most desirable locations - just moments from beaches, parks, downtown and the commuter rail. This charming multi-family offers a versatile unit mix with two 2-bedroom units and one 1-bedroom unit, making it ideal for both investors and future owner occupants seeking strong rental income. Each unit has been consistently rented and cared for. Additional income is generated by a detached garage currently leased for $250/month to a local small business owner. The garage footprint and lot size may offer future potential for expansion or an accessory dwelling unit (ADU), subject to local approvals. A site plan is available for reference. Most recent improvement includes a brand new high efficiency furnace. Roof replaced in 2013. Off street parking provides one dedicated space per unit. A rare opportunity to invest in a prime Beverly location with immediate income and long-term upside potential
Location
State MA
County Essex
Zoning RMD
Direction Cabot Street to Stone Street.
Rooms
Basement Full, Interior Entry, Concrete, Unfinished
Interior
Interior Features Laundry Room, Internet Available - Unknown, Stone/Granite/Solid Counters, Internet Available - Satellite, Living Room, Kitchen, Family Room
Heating Hot Water, Natural Gas
Cooling Window Unit(s)
Flooring Hardwood
Fireplaces Number 1
Appliance Washer, Dryer, Range, Refrigerator
Laundry Electric Dryer Hookup, Washer Hookup
Exterior
Exterior Feature Garden, Other
Garage Spaces 1.0
Community Features Public Transportation, Shopping, Park, Golf, Laundromat, Highway Access, House of Worship, Marina, Private School, Public School, T-Station, University
Utilities Available for Gas Range, for Electric Range, for Electric Dryer, Washer Hookup
Waterfront Description Beach Access,Harbor,Ocean,Walk to,1/10 to 3/10 To Beach,Beach Ownership(Public)
Roof Type Shingle
Total Parking Spaces 5
Garage Yes
Building
Lot Description Gentle Sloping
Story 3
Foundation Concrete Perimeter, Stone
Sewer Public Sewer
Water Public
Schools
Elementary Schools Cove Elementary
Middle Schools Beverly Middle
High Schools Beverly High
Others
Senior Community false
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Bought with Christina Frost • Portside Real Estate Group
NEARBY SCHOOLS & BUSINESSES
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