A fantastic opportunity for anyone to own a wonderful multi family home in downtown Beverly, close to shops and restaurants along Rantoul Street, and minutes to the ocean beaches, parks and train stops. This multi family is townhome style units side by side with the 1st unit having 2 beds 1.5 baths and the 2nd unit having 2 beds and 1 full bath. Large private rear yard, and garage that offers development opportunity with a new gas line that can support capacity for 3 units/houses. Owner has architect plans already drawn. The roof is approximately 12 years old, appliances are 1.5 years and other updates include heating system, fence, and gutters. Hardwood on both levels. Multiple off street parking spots available. Call this one home.
This home has been viewed 4 times
Last Updated: March 31st, 2025 at 4:28am
Gross Income: $56,400
Gross Expenses: $7,460
Net Income Calc: $48,940
CAP Rate: 5.44%
Beach Front
Annual Expenses for 338 Cabot St, Beverly MA 01915
Total Gross Expenses (Calculated)$7,460/year
APOD AvailableNo
Heating$0
Electricity$0
Water$0
Gas$0
Insurance$0
Sewer$0
Trash Removal$0
Repair & Maintenance$0
Management$0
Miscellaneous$0
Real Estate Tax$7,460
Annual Income & Unit Breakdown for 338 Cabot St, Beverly MA 01915
Total Gross Income (Calculated)$56,400
Unit 1
Rental Income2350
LeaseY
Bedrooms2
Bathrooms1 Full, 1 Half
Floor1
Levels in Unit2
HeatingYes
Rent Includes
Unit 2
Rental Income2350
LeaseY
Bedrooms2
Bathrooms1 Full
Floor1
Levels in Unit2
HeatingYes
Rent Includes
General Information for 338 Cabot St, Beverly MA 01915
Listing ID73350541
Property TypeMulti Family
Price$899,999 ($442.48/SqFt)
Style
CityBeverly
CountyEssex
MLS Area
Neighborhood(s)Ipswich
Approximate Living Area Total2,034 SqFt
Approximate Lot Size (Acres)0.13 acres
Total Parking7
Garage Parking1 / Detached
Year Built1751
Year Built SourcePublic Records
Year RenovatedN/A
Year Built DetailsActual
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction MaterialsFrame
Lot Features
Foundation Area
Foundation DescriptionStone
Accessible Features
Outdoor SpacePorch
ZoningRMD
Zoning Details
Water Views
Water Views Features
WaterfrontNo
Waterfront FeaturesOcean, Beach Front, Beach Ownership(public), 3/10 To 1/2 Mile To Beach
Energy Features
Terms
Interior Features for 338 Cabot St, Beverly MA 01915
Disclosures for 338 Cabot St, Beverly MA 01915
Lead Paint
UFFI
Living Area Includes BasementNo
Living Area DisclosureMeasurements are approximate and need to be verifi
Building Area SourcePublic Records
Title 5
Exclusions
Disclosures
Financial Data Source
Total Gross Expenses By Broker$0
Total Gross Income By Broker$56,400
Total Net Income By Broker$56,400
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation
Facilitator Compensation
Sub-Agent Compensation
Compensation Based On
Location Information for 338 Cabot St, Beverly MA 01915
Elementary School
Middle School
High School
Neighborhood(s)Ipswich
MLS Area
Area Amenities
Contact Information for 338 Cabot St, Beverly MA 01915