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.
Great 5 Family, all rented. Newer windows,back porchs. Maintance free exterior. 6 C.B. Boxes.Plenty of parking and some yard.Close to schools, shopping and highway.Rents inc. heat & hot water.Yearly rental income is $34,500( not inc. owners on 1st floor). Rents are below market value.Electric for 1st floor and common areas $1,014.62(yearly) Total heating(oil)cost for 2005 is $4,729.83(yearly)paid by the Owner.
Year
Property tax
Land + Additions
Assessment*
2023
$10,768 (+7.1%)
$263,400 + $692,900
$956,300
2022
$10,057 (−0.7%)
$207,700 + $618,700
$826,400
2021
$10,126 (+0.4%)
$198,400 + $598,900
$797,300
2020
$10,087 (+3.0%)
$187,300 + $598,900
$786,200
2019
$9,790 (+10.6%)
$166,900 + $574,200
$741,100
2018
$8,851 (+24.7%)
$163,200 + $487,600
$650,800
2017
$7,096 (+4.4%)
$120,600 + $376,300
$496,900
2016
$6,795 (+2.0%)
$120,600 + $351,600
$472,200
2015
$6,663 (+10.7%)
$120,600 + $351,600
$472,200
2014
$6,017 (+3.8%)
$92,700 + $332,200
$424,900
2013
$5,796 (+2.9%)
$92,700 + $332,200
$424,900
2012
$5,632 (+4.5%)
$102,000 + $332,200
$434,200
2011
$5,388 (+2.3%)
$102,000 + $332,200
$434,200
2010
$5,266 (−7.1%)
$120,600 + $332,200
$452,800
2009
$5,667
$142,800 + $379,000
$521,800
Tax history for 412 Cabot St
Year
Property tax
Land + Additions
Assessment*
2023
$10,768 (+7.1%)
$263,400 + $692,900
$956,300
2022
$10,057 (−0.7%)
$207,700 + $618,700
$826,400
2021
$10,126 (+0.4%)
$198,400 + $598,900
$797,300
2020
$10,087 (+3.0%)
$187,300 + $598,900
$786,200
2019
$9,790 (+10.6%)
$166,900 + $574,200
$741,100
2018
$8,851 (+24.7%)
$163,200 + $487,600
$650,800
2017
$7,096 (+4.4%)
$120,600 + $376,300
$496,900
2016
$6,795 (+2.0%)
$120,600 + $351,600
$472,200
2015
$6,663 (+10.7%)
$120,600 + $351,600
$472,200
2014
$6,017 (+3.8%)
$92,700 + $332,200
$424,900
2013
$5,796 (+2.9%)
$92,700 + $332,200
$424,900
2012
$5,632 (+4.5%)
$102,000 + $332,200
$434,200
2011
$5,388 (+2.3%)
$102,000 + $332,200
$434,200
2010
$5,266 (−7.1%)
$120,600 + $332,200
$452,800
2009
$5,667
$142,800 + $379,000
$521,800
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
6
Baths
6.5
Stories
3
Lot width
—
Lot depth
—
Lot size
5,663 Sq. Ft.
Year renovated
—
Sq. Ft.
4,830
Year built
1915
Style
Multi-Family (5+ Unit)
County
Essex County
APN
4185642
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 19, 2023.
CN
Neighborhood Commercial District
The CN Neighborhood Commercial District is established principally to allow for limited commercial development adjacent to residential neighborhoods, intended to serve primarily those neighborhoods.
Permitted uses
Include but are not limited to:
Agriculture
General retail
Housing-Single unit
Housing-Multiple units
Office
Medical office
Museum / gallery
Death related/funeral home
Property details
Parking
Parking Information
Has Open Parking
Open Parking Spaces: 7
Parking Spaces: 7
Parking Features: Paved Drive, Off Street
Interior
Bathroom Information
# of Bathrooms (Full): 6
Basement Information
Basement: Full, Bulkhead, Unfinished
Appliances
Appliances: Dishwasher, Microwave, Refrigerator
Interior Features
# of Rooms (Total): 18
Window Features: Box/Bay/Bow Window(s)
Flooring: Wood, Carpet, Tile, Hardwood
Interior Features: Pantry, Upgraded Cabinets, Upgraded Countertops, Walk-In Closet(s), Bathroom With Tub & Shower, Open Floorplan, Remodeled, Ceiling Fan(s), Living Room, Kitchen
Unit #1 Information
# of Levels: 1
# of Floors: 1
Lease: Y
Unit #2 Information
# of Levels: 1
# of Floors: 2
Lease: Y
Unit #3 Information
# of Levels: 1
# of Floors: 2
Lease: Y
Unit #4 Information
# of Levels: 1
# of Floors: 3
Lease: Y
Exterior
Building Information
Building Area (Total): 4,830
Foundation Details: Stone
Construction Materials: Frame, Stone
Stories (Total): 5
Year Built Source: Public Records
Year Built Details: Actual
Color: Gray
Exterior Features
Fencing: Fenced
Roof: Rubber
Patio And Porch Features: Porch, Deck - Wood
Property Information
PropertySubType: 5+ Family - 5+ Units Up/Down
Above Grade Finished Area: 4830
Levels: 5
Lot Information
Lot Size (Acres): 0.13
Waterfront Features: Ocean, 1 to 2 Mile To Beach, Beach Ownership(Public)
Road Frontage Type: Public
Financial
Tax Information
Tax Annual Amount: $11,875
Tax Year: 2025
Utilities
Utility Information
Sewer: Public Sewer
Water Source: Public
Heating & Cooling
Has Heating
Heating: Hot Water, Forced Air
Location
Location Information
Directions: Across the street from Dunkins / Flip the Bird shopping plaza.
UnparsedAddress: 412 Cabot St, Beverly MA 01915
Community Information
Senior CommunityYN: No
Community Features: Public Transportation, Shopping, Park, Medical Facility, Highway Access, Private School, Public School, University
Public facts
Beds: 6
Baths: 6.5
Sq. Ft.: 4,830
Stories: 3.0
Lot Size: 5,663 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1915
Year Renovated: —
County: Essex County
APN: 4185642
Home facts updated by county records on Jul 19, 2023
Other
Listing Information
StandardStatus: Closed
Around this home
Schools
Briscoe Middle School
Public 5-8 • Assigned • 0.5mi
6/10
Beverly High School
Public 9-12 • Assigned • 0.4mi
6/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
7 days above 95° expected this year, 15 days in 30 years
6/10 Wind Factor
77% chance of strong winds in next 30 years
3/10 Air Factor
3 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Beverly, MA • 01915
Average low and high temperatures (°F)
33
21
36
21
49
33
56
41
66
51
77
61
81
66
77
60
73
56
63
46
53
37
39
25
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.1 hours in
June and 4.4 hours in December, placing it below the
U.S. average for solar exposure.