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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
  • Mls StatusNew
  • Parcel Number M:0011 B:0218 L:,4182108

Tax Information

  • Tax Year 2025
  • Taxes$12,290

Basic Information

  • List Price$1,885,000
  • MLS Number73531691
  • Modification Date06/08/2026

Location

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

Building

  • Building Area Units Square Feet
  • Utilities Public Water, Public Sewer, Natural Gas Available, Three Phase
  • Year Built1860

Property

  • Acreage0.1

Property Information

  • Living Area 6,722
  • Lot Size Square Feet 4,317
  • Lot Size Units Acres
  • Square Feet6,722

Legal

  • ZoningCC
  • Zoning Description Legal Non-Conforming

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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