The Cabot Collection Beverly, MA 01915
Downtown Beverly NeighborhoodEstimated payment $132,861/month
Highlights
- Marina
- Medical Services
- Property is near public transit
- Golf Course Community
- 1.09 Acre Lot
- 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
Parking
- 2 Car Garage
- Off-Street Parking
Home Design
- Shingle Roof
- Rubber Roof
Interior Spaces
- 52,603 Sq Ft Home
- Property has 1 Level
Bedrooms and Bathrooms
- 99 Bedrooms
- 81 Full Bathrooms
Location
- Property is near public transit
- Property is near schools
Additional Features
- 1.09 Acre Lot
- 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 | Change | Sq Ft Price |
|---|---|---|---|---|
| 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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