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Lori Higgins

lhigginsrealestate@gmail.com +1(774) 313-6724

$ 1,885,000

Est. payment | -/mo

5 Beds

4.5 Baths

6,722 SqFt

Save

$ 1,885,000

Est. payment | -/mo

Save

5 Beds

4.5 Baths

6,722 SqFt

Key Details

Property Type Multi-Family

Sub Type 4 Family - 4 Units Up/Down

Listing Status Active

Purchase Type For Sale

Square Footage 6,722 sqft

Price per Sqft $280

MLS Listing ID 73531689

Bedrooms 5

Full Baths 3

Half Baths 3

Year Built 1860

Annual Tax Amount $12,290

Tax Year 2025

Lot Size 4,356 Sqft

Acres 0.1

Property Sub-Type 4 Family - 4 Units Up/Down

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.

Location

State MA

County Essex

Zoning CC

Direction Wallis is a one way from Rantoul Street

Rooms

Basement Full, Finished

Interior

Interior Features Open Floorplan

Heating Central

Cooling Central Air

Flooring Wood, Tile, Hardwood

Fireplaces Number 1

Appliance Range, Dishwasher, Disposal, Refrigerator, Washer, Dryer

Exterior

Exterior Feature Balcony/Deck

Community Features Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Highway Access, T-Station

Utilities Available for Gas Range, for Electric Range

Waterfront Description Ocean,0 to 1/10 Mile To Beach

Roof Type Rubber

Garage No

Building

Lot Description Corner Lot

Story 3

Foundation Stone

Sewer Public Sewer

Water Public

Others

Senior Community false

Listed by North Shore Realty Advisors

Schools and Properties Nearby

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(774) 313-6724

lhigginsrealestate@gmail.com

Learn More About LPT Realty

7-11 Wallis St Beverly, MA 01915