Sold
The Cabot St, Beverly, MA
Beverly · MA 01915
- $21,500,000
- Price
- 99
- Beds
- 81
- Baths
- 52603
- Sq. ft.
Overview
Property type:
Multi-Family
Year built:
Built in 1890
Units:
77 Units
Lot size:
1.09 Acres Lot
Price per square foot:
$418 / Sq.Ft
Parking:
2 Garage Spaces · 72 Off Street Spaces
About this home
The Cabot Collection includes 8 properties located at 39 Railroad Ave, 5 Pleasant St, and 62, 64, 66, 80, 84 and 130 Cabot St. The Portfolio consists of 3 commercial units, 8 Studio units, (42) 1-Bed units, (22) 2-Bed units, and (2) 3-Bed units, for a total of 77 units centered around Cabot Street in Downtown Beverly, which satisfies the high demand for workforce housing in the Boston/North Shore real estate market. Over the last several years, approximately 68 of the 77 units have been renovated, and more than half of the properties feature newer roofs, most common areas have been cosmetically upgraded and many of the kitchens have been redone with modern upgrades. The opportunity exists to continue with the programmatic upgrade of the residential units to push rental rates in a high demand/limited supply market. The Cabot Collection offers investors the rare opportunity to acquire a critical mass of investment properties in a supply-constrained downtown market within the Boston MSA.
Neighborhood & Transit
The Cabot St, Beverly · MA 01915
Nearby transit
Within 0.5 mile, measured straight-line to the nearest station entrance.
-
Beverly Commuter Rail 1 route 0.44 mi
- Newburyport/Rockport Line
Price Insight
- Days on Market:
- 195 days
- Listing Price:
- $22,000,000
- Price per Sq.Ft:
- $418
- Tax Assessment:
- $16,480,000 in 2025
- Taxes:
- $16,222 / Monthly
Home Facts
Interior Features
- Bedrooms
- 99
- Full Bathrooms
- 81
- Half Bathrooms
- 0
- Living Area
- 52,603 Sq.Ft
- Kitchen
- Unknown
- Primary Bedroom
- Unknown
- Laundry
- Unknown
- Living levels
- Unknown
- Rooms
- Unknown
- Above grade area
- 52603
- Flooring
- Unknown
- Lead paint
- Unknown
Utilities
- Heating Type
- Unknown
- Heating Zone
- Unknown
- Cooling
- Unknown
- Cooling Zones
- Unknown
- Water
- Unknown
- Sewer
- Unknown
- Electric Features
- Other (See Remarks), Individually Metered
Exterior Features
- Lot Size
- 47,480 Sq.Ft
- Lot Description
- Unknown
- Exterior Features
- Unknown
Parking
- Garage Parking
- 2 Parking Spaces
- Off Street Parking
- 72 Parking Spaces
Construction Details
- Construction Type
- Unknown
- Siding
- Clapboard, Shingles, Wood, Aluminum, Vinyl, Brick, Fiber Cement Siding
- Roof
- Unknown
Green Features
- Electric Vehicle Charger
- Unknown
- Solar Panels
- Unknown
- Green Certified
- Unknown
- Insulation Features
- Unknown
- Energy Features
- Unknown
Listing information
- Listing agent
- Stephen Girolamo
- Listing office
- Horvath & Tremblay
- MLS PIN #
- 73416629
- Disclosure
- 234 Total Rooms, 100 Total Bedrooms, $156,952 Total Monthly Rent (including Vacant Units set to Market), 1890-2014 year built. Inputs for these metrics are the maximum allowed by MLS.