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328 Cabot Street is a four-unit multifamily property along Beverly's Cabot Street corridor - close to downtown dining, commuter rail, and North Shore amenities. The mix is two one-bedroom and two two-bedroom units. The property currently generates $6,680/month from the occupied units, with one unit vacant, and offers projected stabilized rents of approximately $8,080/month. Three of the four units may be delivered vacant, providing flexibility for owner-occupancy, renovation, repositioning, or a reset to market rents, while one unit is held by an existing fixed-term lease for immediate in-place income. A full attic level - accessed by two staircases, with high ceilings and finished dormers - offers substantial expansion potential, subject to permitting. Zoned CC - Central Business District, 328 Cabot is a value-add opportunity in a central, high-visibility Beverly location. Buyer to perform all due diligence regarding zoning, use, expansion, and future development potential.

More Info

Basic Information

  • Gross Income $80,160
  • Lot Features Corner Lot
  • Mls StatusNew

Tax Information

  • Tax Assessed Value $1,020,300
  • Tax Year 2025
  • Taxes$11,213

Parking

  • Open Parking YN Yes
  • Parking Features Off Street, On Street, Paved, Unpaved
  • Parking Spaces6

Rooms

  • Bathroom4
  • Bathrooms Total Decimal 4
  • Bedrooms7
  • Full Bath4

Basic Information

  • List Price$1,149,000
  • MLS Number73541603
  • Modification Date06/26/2026
  • Property SubType4 Family

Location

  • Address328-330 Cabot Street
  • Building Number328-330
  • CountyEssex
  • StateMA
  • StreetCabot Street
  • TownBeverly
  • Zip01915

Building

  • Building Area Units Square Feet
  • FireplaceYes
  • Fireplaces Total 1
  • FoundationConcrete Perimeter, Other
  • Levels 4
  • Rooms20
  • Stories4
  • Units4
  • Year Built1900
  • Year Built Details Approximate
  • Year Built Source Public Records

Property

  • Acreage0.15

Utilities

  • Sewer Public Sewer
  • Water Source Public

Property Information

  • Building Area Source Public Records
  • Living Area 3,845
  • Lot Size Square Feet 6,652
  • Lot Size Units Acres
  • Road Responsibility Public Maintained Road
  • Square Feet3,845

Amenities

  • AmenitiesPublic Transportation, Park
  • Other AmenitiesFireplace

Legal

  • ZoningCC

Other

  • Date Listed06/25/2026
  • Farm Land Area Units Square Feet

Map Location

Driving Directions

Listed by Creatini Group of eXp Realty LLC - Corporate Office

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