Sold!
$1,200,000
6
Beds
4
Baths
2,853
Living Area
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Property Description
This 3-story four-family has had the same ownership for 40 years and has been well maintained. The property boasts a rentable square footage of 2,853± with a total gross of 4,248± SF. The property consists of two (2) two-bedroom units, one (1) one-bedroom unit and one (1) studio. The property offers a yard space, private balcony, tenants coin-op laundry, as well as 5-6 surface parking spots. Each unit is separately metered for gas heat/hot water with hot water heaters replaced over the past 2-3 years. This property offers investors a value-add opportunity with under-market rents currently in place within a supply restrained prime location. The asset is in close proximity to the Cummings Center, Lahey Medical and Beverly Depot with various transportation options and accessible to all major thoroughfares.
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Highlights
- Parking Spots: 6
- Property Type: 4 Family
- Year Built: 1920
- Property Class: Residential Income
- Total Rooms: 14
- Status: Closed
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Additional Details
- Basement: Full
- Exterior Features: Balcony
- Road Frontage Type: Public
- Total Number of Units: 4
- Year Built Source: Public Records
- Construction: Frame
- Foundation: Stone
- Roof: Shingle
- Year Built Details: Actual
- Zoning: Rmd
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Amenities
- Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, Public School, T-Station, University
- Waterfront Features: Beach Front, Harbor, Ocean, 1/10 to 3/10 To Beach, Beach Ownership(Public)
- Parking Features: Paved Drive, Off Street
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Utilities
- Electric: 200+ Amp Service
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $798,500
- Compensation Based On: Net Sale Price
- Tax Year: 2024
- Total Rent: $7,575
- Buyer Agent Compensation: 1.5%
- Facilitator Compensation: 1%
- Taxes: $8,967
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Content © 2026 MLS Property Information Network, Inc. The information in this listing was gathered from third party resources including the seller and public records.
Listing information provided courtesy of North Shore Realty Advisors.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
