7 Wallis St Beverly, MA 01915
Downtown Beverly NeighborhoodEstimated payment $11,235/month
Highlights
- Medical Services
- Waterfront
- Property is near public transit
- Property is near a beach
- Open Floorplan
- Wood Flooring
About This Home
A rare opportunity to acquire a trophy mixed-use asset in the heart of Downtown Beverly. Meticulously renovated throughout, the property blends historic character, modern systems, and durable in-place cash flow in one of the North Shore’s most desirable downtown markets. The property contains approximately 6,722± rentable square feet within a 10,223± gross square footage and features three (3) renovated residential units alongside the iconic home of Off Cabot Comedy & Events, a destination entertainment venue with a strong following. The commercial tenancy offers stable income with 5% annual rent escalations, creating built-in NOI growth and long-term stability. The unit mix of one studio, one 1-bedroom, & one 3-bedroom underwent gut renovations with sun-filled open floor plans, soaring ceilings, hardwood flooring, beautiful woodwork, large bathrooms, eat-in kitchens, and in-unit laundry. Fantastic opportunity to own a gorgeous property right in Downtown Beverly.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,290
Year Built
- Built in 1860
Lot Details
- 4,317 Sq Ft Lot
- Waterfront
- Corner Lot
Home Design
- Quadruplex
- Stone Foundation
- Rubber Roof
Interior Spaces
- 6,722 Sq Ft Home
- Property has 1 Level
- Open Floorplan
- 1 Fireplace
- Finished Basement
- Basement Fills Entire Space Under The House
Kitchen
- Range
- Dishwasher
- Disposal
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 5 Bedrooms
Laundry
- Dryer
- Washer
Parking
- On-Street Parking
- Open Parking
Outdoor Features
- Property is near a beach
- Balcony
- Porch
Location
- Property is near public transit
Utilities
- Central Heating and Cooling System
- 200+ Amp Service
- 60 Amp Service
Listing and Financial Details
- Rent includes unit 1(water), unit 2(water), unit 3(water)
- Assessor Parcel Number M:0011 B:0218 L:,4182108
Community Details
Overview
- 4 Units
Amenities
- Medical Services
- Shops
Recreation
- Park
- Jogging Path
Building Details
- Electric Expense $3,131
- Insurance Expense $14,510
- Water Sewer Expense $5,076
- Operating Expense $50,488
- Net Operating Income $79,432
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 06/08/2026 06/08/26 | For Sale | $1,885,000 | 0.0% | $280 / Sq Ft |
| 03/14/2019 03/14/19 | Rented | $1,500 | -9.1% | -- |
| 03/14/2019 03/14/19 | For Rent | $1,650 | 0.0% | -- |
| 12/07/2018 12/07/18 | Off Market | $1,650 | -- | -- |
| 11/30/2018 11/30/18 | For Rent | $1,650 | 0.0% | -- |
| 09/02/2018 09/02/18 | Rented | $1,650 | 0.0% | -- |
| 08/20/2018 08/20/18 | For Rent | $1,650 | +17.9% | -- |
| 01/12/2018 01/12/18 | Rented | $1,400 | 0.0% | -- |
| 01/08/2018 01/08/18 | For Rent | $1,400 | -- | -- |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73531689
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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