The Cabot Collection Beverly, MA 01915
Downtown Beverly NeighborhoodEstimated payment $129,443/month
Highlights
- Beach Front
- Golf Course Community
- 1.09 Acre Lot
- Marina
- Medical Services
- 4-minute walk to Beverly Common
About This Home
The Cabot Collection includes 8 properties located at 39 Railroad Ave, 5 Pleasant St, and 62, 64, 66, 80, 84 and 130 Cabot St. The Portfolio consists of 3 commercial units, 8 Studio units, (42) 1-Bed units, (22) 2-Bed units, and (2) 3-Bed units, for a total of 77 units centered around Cabot Street in Downtown Beverly, which satisfies the high demand for workforce housing in the Boston/North Shore real estate market. Over the last several years, approximately 68 of the 77 units have been renovated, and more than half of the properties feature newer roofs, most common areas have been cosmetically upgraded and many of the kitchens have been redone with modern upgrades. The opportunity exists to continue with the programmatic upgrade of the residential units to push rental rates in a high demand/limited supply market. The Cabot Collection offers investors the rare opportunity to acquire a critical mass of investment properties in a supply-constrained downtown market within the Boston MSA.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $194,667
Year Built
- Built in 1890
Lot Details
- 1.09 Acre Lot
- Beach Front
Parking
- 2 Car Garage
- 72 Open Parking Spaces
- Off-Street Parking
Home Design
- Shingle Roof
- Rubber Roof
Interior Spaces
- 52,603 Sq Ft Home
- Property has 1 Level
- Basement
Bedrooms and Bathrooms
- 99 Bedrooms
- 81 Full Bathrooms
Additional Features
- Property is near public transit and schools
- Separate Meters
Listing and Financial Details
- Rent includes unit 1(heat gas water hot water), unit 2(heat gas water hot water)
Community Details
Overview
- 77 Units
Amenities
- Medical Services
- Shops
- Coin Laundry
Recreation
- Marina
- Golf Course Community
- Tennis Courts
- Community Pool
- Park
- Jogging Path
- Bike Trail
Building Details
- Operating Expense $607,649
- Net Operating Income $1,318,063
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/03/2025 09/03/25 | Pending | -- | -- | -- |
| 08/12/2025 08/12/25 | For Sale | $22,000,000 | -- | $418 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73416629
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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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