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412 Cabot St 5 Unit Apartment Building $1,475,000 ($295,000/Unit) Beverly, MA 01915
Investment Highlights
- Easy access to downtown Beverly, MBTA, and highways
- In-building coin op laundry
- Well maintained building with recent upgrades
Executive Summary
Welcome to this 5 unit multifamily opportunity in Beverly with strong in-place income. This well maintained 1915 property offers 5 units across 3 floors, totaling approx. 4,830 SF, 7 bedrooms, and 6 baths. Current rents total $10,725/month ($129,700 gross annual income). The units offer a spacious first floor 3 bedroom, 2 bathroom newly renovated unit complete with remodeled finishes, plus four additional 1 bedroom units. Many units feature hardwood floors, tile baths, and updated kitchens with upgraded cabinetry and countertops. Gas-fired hot water radiator heat, full unfinished basement, and a paved drive with off-street parking are available. Coin operated laundry in building. Conveniently located in the heart of Beverly, with proximity to public transportation, shopping, parks, schools, major routes, and Beverly’s coastline. Excellent option for investors seeking cash flow in a high-demand North Shore rental market.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,475,000 | Building Class | C |
| Price Per Unit | $295,000 | Lot Size | 0.13 AC |
| Sale Type | Investment | Building Size | 4,830 SF |
| No. Units | 5 | Average Occupancy | 80% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1915 |
| Apartment Style | Low-Rise | Parking Ratio | 1.45/1,000 SF |
| Zoning | CN | ||
| Price | $1,475,000 |
| Price Per Unit | $295,000 |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 4,830 SF |
| Average Occupancy | 80% |
| No. Stories | 3 |
| Year Built | 1915 |
| Parking Ratio | 1.45/1,000 SF |
| Zoning | CN |
Amenities
Unit Amenities
- Dishwasher
- Washer/Dryer
- Heating
- Kitchen
- Hardwood Floors
- Refrigerator
- Stainless Steel Appliances
- Tub/Shower
- Carpet
- Basement
- Lawn
Site Amenities
- Laundry Facilities
- Recycling
- Trash Pickup - Curbside
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 1 | $3,300 | - |
| 1+1 | 4 | $1,863 | - |
1 1
Walk Score®
Very Walkable (82)
Property Taxes
| Parcel Number | BEVE-000030-000222 | Total Assessment | $1,080,500 |
| Land Assessment | $357,900 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $722,600 | Tax Year | 2025 |
Property Taxes
Parcel Number
BEVE-000030-000222
Land Assessment
$357,900
Improvements Assessment
$722,600
Total Assessment
$1,080,500
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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412 Cabot St
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