328 Cabot St Beverly, MA 01915
Downtown Beverly NeighborhoodEstimated payment $7,104/month
Highlights
- Property is near public transit
- Corner Lot
- 5-minute walk to Bessie Baker Park
- 1 Fireplace
- Park
About This Home
Open House Moved Tuesday 3-5PM: 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, 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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,213
Year Built
- Built in 1900
Lot Details
- 6,652 Sq Ft Lot
- Corner Lot
Home Design
- Concrete Perimeter Foundation
Interior Spaces
- 3,845 Sq Ft Home
- Property has 1 Level
- 1 Fireplace
- Basement
Bedrooms and Bathrooms
- 7 Bedrooms
- 4 Full Bathrooms
Parking
- 6 Car Parking Spaces
- Unpaved Parking
- Paved Parking
- On-Street Parking
- 6 Open Parking Spaces
- Off-Street Parking
Location
- Property is near public transit
Listing and Financial Details
- Tax Block 0215
Community Details
Recreation
- Park
Additional Features
- 4 Units
- Net Operating Income $80,160
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $11,213 | $1,020,300 | $360,200 | $660,100 |
| 2024 | $10,402 | $926,300 | $294,900 | $631,400 |
| 2023 | $10,093 | $896,400 | $265,000 | $631,400 |
| 2022 | $9,353 | $768,500 | $209,000 | $559,500 |
| 2021 | $9,399 | $740,100 | $199,700 | $540,400 |
| 2020 | $9,352 | $728,900 | $188,500 | $540,400 |
| 2019 | $9,041 | $684,400 | $168,000 | $516,400 |
| 2015 | $5,956 | $422,100 | $121,300 | $300,800 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/03/2026 07/03/26 | Pending | -- | -- | -- |
| 06/25/2026 06/25/26 | For Sale | $1,149,000 | -- | $299 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73541603
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The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
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