NOT LISTED FOR SALE

352 Cabot St Beverly, MA 01915

Downtown Beverly Neighborhood
6 Beds
4 Baths
2,853 Sq Ft
5,519 Sq Ft Lot

Last Sold August 30, 2024

Last sale price $1,200,000 $421 Per Sq Ft

12 Days on Market

Highlights

  • Medical Services
  • Jogging Path
  • Park
  • Property is near public transit
  • Balcony
  • 3-minute walk to Bessie Baker Park

About This Home

As of August 2024

This 3-story four-family has had the same ownership for 40 years and has been well maintained. The property boasts a rentable square footage of 2,853± with a total gross of 4,248± SF. The property consists of two (2) two-bedroom units, one (1) one-bedroom unit and one (1) studio. The property offers a yard space, private balcony, tenants coin-op laundry, as well as 5-6 surface parking spots. Each unit is separately metered for gas heat/hot water with hot water heaters replaced over the past 2-3 years. This property offers investors a value-add opportunity with under-market rents currently in place within a supply restrained prime location. The asset is in close proximity to the Cummings Center, Lahey Medical and Beverly Depot with various transportation options and accessible to all major thoroughfares.

Last Agent to Sell the Property

Dan Pouladian

North Shore Realty Advisors Listed on: 07/26/2024

Co-Listed By

Sara Pouladian

North Shore Realty Advisors

Last Buyer's Agent

Sara Pouladian

North Shore Realty Advisors

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,967

Year Built

  • Built in 1920

Lot Details

  • 5,519

Home Design

  • Stone Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 2,853 Sq Ft Home
  • Insulated Windows
  • Insulated Doors
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Parking

  • 6 Car Parking Spaces
  • Driveway
  • Open Parking
  • Off-Street Parking

Location

  • Property is near public transit
  • Property is near schools

Additional Features

  • Balcony
  • 5,519 Sq Ft Lot
  • 200+ Amp Service

Listing and Financial Details

  • Total Actual Rent $7,575
  • Assessor Parcel Number M:0020 B:0194 L:,4183925

Community Details

Overview

  • 4 Units
  • Property has 1 Level

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Park
  • Jogging Path
  • Bike Trail

Building Details

  • Electric Expense $271
  • Insurance Expense $4,000
  • Water Sewer Expense $980
  • Operating Expense $6,002
  • Net Operating Income $72,204

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,967

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 4 Family
  • Year Built: 1920
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 8

Interior Features

  • Door Features: Insulated Doors
  • Fireplace YN: No
  • Total Bedrooms: 6
  • Full Bathrooms: 4
  • Total Bathrooms: 4
  • Basement: Full
  • Living Area: 2853
  • Spa YN: No
  • Stories Total: 8
  • Window Features: Insulated Windows
  • MAIN LO: AN7007
  • MAIN SO: AN7007

Exterior Features

  • Exterior Features: Balcony
  • Construction Materials: Frame
  • Foundation Details: Stone
  • Home Warranty YN: No
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront Features: Beach Front, Harbor, Ocean, 1/10 to 3/10 To Beach, Beach Ownership(Public)
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street
  • Total Parking Spaces: 6

Utilities

  • Sewer: Public Sewer
  • Electric: 200+ Amp Service
  • Water Source: Public
  • HEAT UNITS: 4
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, Public School, T-Station, University
  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 980

Lot Info

  • Parcel Number: M:0020 B:0194 L:,4183925
  • Zoning: RMD
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.13
  • Lot Size Sq Ft: 5519
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Green Features

  • Green Energy Efficient: Varies per Unit

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 8967

Multi Family

  • Electric Expense: 271
  • Insurance Expense: 4000
  • Net Operating Income: 72204
  • Number Of Units Total: 4
  • Operating Expense: 6002
  • Total Actual Rent: 7575
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 4: 1
  • LEVELS 3: 1
  • LEASE 4: N
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 3: 2

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/30/2024 08/30/24 Sold $1,200,000 0.0% $421 / Sq Ft
08/08/2024 08/08/24 Pending -- -- --
07/26/2024 07/26/24 For Sale $1,200,000 -- $421 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Dan Pouladian

    Seller's Agent in 2024

    Dan Pouladian

    North Shore Realty Advisors

    (617) 548-7737

    4 in this area

    27 Total Sales

    Dan Pouladian
    Section Image

  • S

    Seller Co-Listing Agent in 2024

    Sara Pouladian

    North Shore Realty Advisors

    (617) 910-6646

    4 in this area

    18 Total Sales

    Sara Pouladian
    Section Image
See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73269879

MLS Property Information Network (MLS PIN)
Massachusetts Essex County Beverly 01915 Downtown Beverly

352 Cabot St, Beverly, MA

Not Listed for Sale

MultiFamily

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MLS Property Information Network (MLS PIN) 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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