412 Cabot St Beverly, MA 01915
Gloucester Crossing NeighborhoodEstimated payment $8,818/month
Highlights
- Beach Front
- Open Floorplan
- Property is near public transit and schools
- Medical Services
- Deck
- 4-minute walk to Holcroft Park
About This Home
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,875
Year Built
- Built in 1915
Lot Details
- 5,462 Sq Ft Lot
- Beach Front
- Fenced
Home Design
- Stone Foundation
- Frame Construction
- Rubber Roof
- Stone
Interior Spaces
- 4,830 Sq Ft Home
- Open Floorplan
- Ceiling Fan
- Living Room
- Unfinished Basement
- Basement Fills Entire Space Under The House
Kitchen
- Microwave
- Dishwasher
- Upgraded Countertops
Flooring
- Wood
- Carpet
- Tile
Bedrooms and Bathrooms
- 7 Bedrooms
- Walk-In Closet
- 6 Full Bathrooms
- Bathtub with Shower
Parking
- 7 Car Parking Spaces
- Driveway
- 7 Open Parking Spaces
- Off-Street Parking
Outdoor Features
- Bulkhead
- Deck
- Porch
Location
- Property is near public transit and schools
Utilities
- No Cooling
- Forced Air Heating System
- Hot Water Heating System
Listing and Financial Details
- Assessor Parcel Number 30222,4185642
Community Details
Overview
- 5 Units
- Property has 1 Level
Amenities
- Medical Services
- Shops
Recreation
- Park
Building Details
- Net Operating Income $128,400
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| 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 | $11,875 | $1,080,500 | $357,900 | $722,600 |
| 2024 | $11,072 | $985,900 | $293,000 | $692,900 |
| 2021 | $10,126 | $797,300 | $198,400 | $598,900 |
| 2020 | $10,361 | $786,200 | $187,300 | $598,900 |
| 2019 | $9,835 | $741,100 | $166,900 | $574,200 |
| 2018 | $8,851 | $650,800 | $163,200 | $487,600 |
| 2017 | $7,096 | $496,900 | $120,600 | $376,300 |
| 2016 | $6,795 | $472,200 | $120,600 | $351,600 |
| 2015 | $6,663 | $472,200 | $120,600 | $351,600 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/08/2026 02/08/26 | Pending | -- | -- | -- |
| 01/27/2026 01/27/26 | For Sale | $1,475,000 | -- | $305 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73472044
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