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37 photo(s)
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Beverly, MA 01915
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Active
List Price
$1,149,000
MLS #
73541603
- Multi-Family
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| # Units |
4 |
Rooms |
20 |
Type |
4 Family |
Garage Spaces |
0 |
GLA |
3,845SF |
| Heat Units |
0 |
Bedrooms |
7 |
Lead Paint |
Unknown |
Parking Spaces |
6 |
Lot Size |
6,652SF |
328 Cabot Street is a four-unit multifamily property along Beverly's Cabot Street corridor — close to downtown dining, commuter rail, and North Shore amenities. The mix is two one-bedroom and two two-bedroom units. The property currently generates $6,680/month from the occupied units, with one unit vacant, and offers projected stabilized rents of approximately $8,080/month. Three of the four units may be delivered vacant, providing flexibility for owner-occupancy, renovation, repositioning, or a reset to market rents, while one unit is held by an existing fixed-term lease for immediate in-place income. A full attic level — accessed by two staircases, with high ceilings and finished dormers — offers substantial expansion potential, subject to permitting. Zoned CC — Central Business District, 328 Cabot is a value-add opportunity in a central, high-visibility Beverly location. Buyer to perform all due diligence regarding zoning, use, expansion, and future development potential.
Listing Office: eXp Realty, Listing Agent: Creatini Group
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Showing 1 listings
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