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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.

More Info

Basic Information

  • Gross Income $133,938
  • Lot Features Corner Lot
  • Mls StatusNew
  • Parcel Number M:0011 B:0218 L:,4182108
  • Rent Includes Unit 1(Water), Unit 2(Water), Unit 3(Water)

Tax Information

  • Tax Assessed Value $1,118,300
  • Tax Year 2025
  • Taxes$12,290

Parking

  • Open Parking YN Yes
  • Parking Features On Street
  • Parking Spaces

Rooms

  • Bathroom6
  • Bathrooms Total Decimal 4.5
  • Bedrooms5
  • Full Bath3
  • Half Baths3

Basic Information

  • List Price$1,885,000
  • MLS Number73531689
  • Modification Date06/08/2026
  • Property SubType4 Family - 4 Units Up/Down

Location

  • Address7-11 Wallis Street
  • Building Number7-11
  • CountyEssex
  • StateMA
  • StreetWallis Street
  • TownBeverly
  • Zip01915

Building

  • BasementFull, Finished
  • Building Area Units Square Feet
  • FireplaceYes
  • Fireplaces Total 1
  • FoundationStone
  • Levels 3
  • Patio And Porch Features Porch
  • Rooms13
  • Stories3
  • Units4
  • Utilities For Gas Range, For Electric Range
  • Year Built1860
  • Year Built Details Approximate
  • Year Built Source Public Records

Property

  • Acreage0.1

Interior

  • Flooring Wood, Tile, Hardwood
  • Interior Features Open Floorplan

Exterior

  • Exterior Features Balcony/Deck
  • RoofRubber

Utilities

  • Cooling Central Air
  • Cooling YN Yes
  • Electric 60 Amps/Less,200+ Amp Service
  • Electric Expense 3131
  • Heat SystemYes
  • Heating Central
  • Sewer Public Sewer
  • Water Source Public

Property Information

  • Building Area Source Public Records
  • Living Area 6,722
  • Lot Size Square Feet 4,317
  • Lot Size Units Acres
  • Square Feet6,722

Amenities

  • Amenities
    • Highway Access
    • Medical Facility
    • Park
    • Public Transportation
    • Shopping
    • T-Station
    • Walk/Jog Trails
  • Appliances IncludedRange, Dishwasher, Disposal, Refrigerator, Washer, Dryer
  • Other AmenitiesBasement, Fireplace

Water Body

  • Miles to Beach0.1
  • Waterfront Features Ocean,0 to 1/10 Mile To Beach

Legal

  • ZoningCC

Other

  • Date Listed06/08/2026
  • Farm Land Area Units Square Feet

Map Location

Driving Directions

Listed by Dan Pouladian of North Shore Realty Advisors

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