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Sold on 08/25/2005
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490 Rantoul St, Beverly, MA 01915

$5,461,000

Last sold 08/25/2005 for $3.15M

  • 48

    bed

  • 4

    bath

  • 16,860

    Sqft ($187/Sqft)

Multi-family not for sale
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About 490 Rantoul St

Property type Multi-family
Year built 1973
HOA fee $0/month
Lot size 0.63 Acre
Movoto estimate
Property description
48 studio apartments with ktichenette and full bath, rented weekly; includes heat, HW, electric, AC, sprinkler, alarm, 13 units built 1956 - 14, 19, 15-23 built 1982 - units 25-27 built 1989 - 16 units (31-43) built 1990's - 4 penthouse units 44-47 built 1990's, 53 car parking; CC Commercial Zone, 16860 sq. ft living area, and 27,395 sq. ft. land area; Income & Expenses statement upon request. Rare opportunity! Call for details.
Listed by
Listing Agent - Ralph Leonard
Listing Office - Ralph Leonard Associates
Source: MLS Property Information Network, Inc. mls logo
MLS#70219475 • last updated 1 year ago
Movoto checked MLS Property Information Network, Inc. for data 3 minutes ago
Overview
Cooling/AC Window Unit(s)
Heating Baseboard, Natural Gas
Levels/Style 4, 4
MLS # 70219475
Type Residential Income
Status Closed
SubType 5-9 Family
SqFt 16860
Lot Size (SqFt) 27395
Lot Size (Acres) 0.62
Annual Property Tax 26164.24
Year Built 1973
Interior
Total # of Bathrooms 4
# Full Baths 48
Total # of Bedrooms 48
Basement Partial
Total # of Rooms 48
Appliances Range, Refrigerator
Interior Features Studio
Exterior
Foundation Concrete Perimeter
Roof Shingle
Construction Frame
Parking Desc Paved Drive, Off Street
# Parking Spaces 53
Exterior Features Balcony
Amenities / Utilities
Sewer Public Sewer, City/Town Sewer
Electricity 220 Volts
Water Source Public, City/Town Water
Location
Waterfront Ocean, 1 To 2 Mile To Beach
County Essex
Community Features Public Transportation, Sidewalks
Middle School Briscoe
High School Beverly
Zoning CC
APN 4183848
Directions Rantoul St.
Multifamily Details
Rent Includes Unit 1(Heat, Electric, Water, Hot Water), Unit 2(Heat, Electric, Water, Hot Water), Unit 3(Heat, Electric, Water, Hot Water), Unit 4(Heat, Electric, Water, Hot Water)
Net Operating Income 282270
Operating Expense 167030
Total Actual Rent 3099
Financial Data Source Estimated, Owner, Projected
Gross Income 449300
Lot/ Land Details
Road Frontage Public
Road Responsibility Public Maintained Road
Road Surface Paved
$5.46M
Range: $4.09M-$6.82M
Last 30 days 
  • Dec 2005
    mls logo MLS # 70219475
  • Dec 14, 2005 Sold
    $3,150,000 (-10.6%)
  • Jul 5, 2005 Listed
    $3,525,000
  • Year Property taxes Tax assessment
  • 2025
    $51,269 +2.5%
    $4,665,100 +4.79%
  • 2024
    $49,995 -0.3%
    $4,451,900
  • 2023
    $50,128 +15.7%
    $4,451,900 +25.01%
  • 2022
    $43,341 +4.5%
    $3,561,300 +9.03%
  • 2021
    $41,481
    $3,266,200
  • 490 Rantoul St
    $3.15M
  • —
  • 01915
    $739K +12% y/y
  • Beverly
    $739K -9% y/y
No chart available
Statistics calculated by Movoto

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4/10
Beverly High School
public Grades 9-12
Beverly School District
Source: GreatSchools.org © 2026. All rights reserved.

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