508 Elliott St Beverly, MA 01915
Ryal Side NeighborhoodEstimated payment $7,728/month
Highlights
- Beach Front
- Property is near public transit and schools
- Shops
About This Home
Outstanding investment opportunity in Beverly! This 4-family property offers four spacious two bedroom, one bath units with well designed layouts. A large level lot provides a spacious yard, ample parking and possible future opportunities. With below-market rents and strong upside potential, this is a prime value-add asset for investors, contractors, or owner-occupants looking to generate income. The property also presents an excellent condo conversion opportunity. Enjoy easy access to Route 128 and the MBTA commuter rail, making this a commuter-friendly location. Whether you're seeking steady cash flow or long-term appreciation on the North Shore, this is a rare chance to own a well-located, multi-unit building with room to grow. All this ideally located near downtown, shops, and restaurants.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,367
Year Built
- Built in 1909
Lot Details
- 9,139 Sq Ft Lot
- Beach Front
Home Design
- Stone Foundation
Interior Spaces
- 3,984 Sq Ft Home
- Property has 1 Level
- Basement
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Full Bathrooms
Parking
- 4 Car Parking Spaces
- Driveway
- 4 Open Parking Spaces
- Off-Street Parking
Location
- Property is near public transit and schools
Community Details
- 4 Units
- Shops
- Net Operating Income $103,200
Listing and Financial Details
- Assessor Parcel Number M:0017 B:0043 L:,4183084
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/29/2026 01/29/26 | Pending | -- | -- | -- |
| 01/28/2026 01/28/26 | For Sale | $1,299,900 | 0.0% | $326 / Sq Ft |
| 01/27/2026 01/27/26 | Off Market | $1,299,900 | -- | -- |
| 11/08/2025 11/08/25 | For Sale | $1,299,900 | -3.6% | $326 / Sq Ft |
| 10/16/2025 10/16/25 | Off Market | $1,349,000 | -- | -- |
| 08/28/2025 08/28/25 | Pending | -- | -- | -- |
| 08/16/2025 08/16/25 | For Sale | $1,349,000 | -- | $339 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73418850
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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