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Sold on 09/03/2025

The Cabot Collection, Beverly, MA 01915

  • $21,500,000

    Last sold 09/03/2025 after 22 Days

  • 99

    bed

  • 81

    bath

  • 52,603

    Sqft ($409/Sqft)

Multi-family not for sale
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About The Cabot Collection

Property type Multi-family
Year built 1890
HOA fee $0/month
Lot size 1.09 Acre
Movoto estimate
Parking 2 garage spaces
Property description
The Cabot Collection includes 8 properties located at 39 Railroad Ave, 5 Pleasant St, and 62, 64, 66, 80, 84 and 130 Cabot St. The Portfolio consists of 3 commercial units, 8 Studio units, (42) 1-Bed units, (22) 2-Bed units, and (2) 3-Bed units, for a total of 77 units centered around Cabot Street in Downtown Beverly, which satisfies the high demand for workforce housing in the Boston/North Shore real estate market. Over the last several years, approximately 68 of the 77 units have been renovated, and more than half of the properties feature newer roofs, most common areas have been cosmetically upgraded and many of the kitchens have been redone with modern upgrades. The opportunity exists to continue with the programmatic upgrade of the residential units to push rental rates in a high demand/limited supply market. The Cabot Collection offers investors the rare opportunity to acquire a critical mass of investment properties in a supply-constrained downtown market within the Boston MSA.
Listed by
Listing Agent - Stephen Girolamo
Listing Office - Horvath & Tremblay
Source: MLS Property Information Network, Inc. mls logo
MLS#73416629 • last updated 4 months ago
Movoto checked MLS Property Information Network, Inc. for data 5 minutes ago
Overview
Levels/Style 3, 3
MLS # 73416629
Type Residential Income
Status Closed
SubType 5+ Family - 5+ Units Side By Side
SqFt 52603
Lot Size (SqFt) 47480
Lot Size (Acres) 1.09
Annual Property Tax 194667
Year Built 1890
Interior
Total # of Bathrooms 81
# Full Baths 81
Total # of Bedrooms 99
Total # of Rooms 99
Exterior
Foundation Other
Roof Shingle, Rubber
# Covered Spaces 2
Parking Desc Off Street
# Parking Spaces 74
# Garage Spaces 2
Lot Desc Other
Amenities / Utilities
Sewer Public Sewer
Electricity Common, Individually Metered, Other (See Remarks)
Water Source Public
Location
Waterfront Harbor, 1/2 To 1 Mile To Beach, Beach Ownership(Public)
County Essex
Community Features Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Highway Access, House Of Worship, Marina, Private School, Public School, T-Station, University
Zoning RHD & CC
Directions 8 Buildings Included In Listing - Please Find Addresses In Description And Use GPS
Multifamily Details
Rent Includes Unit 1(Heat, Gas, Water, Hot Water), Unit 2(Heat, Gas, Water, Hot Water)
Net Operating Income 1318063
Operating Expense 607649
Total Actual Rent 32767
Gross Income 1925712
$20.6M
Range: $18.5M-$22.6M
Last 30 days 
  • Apr 2026
    mls logo MLS # 73416629
  • Apr 17, 2026 Sold
    $21,500,000 (-2.3%)
  • Aug 12, 2025 Listed
    $22,000,000
  • The Cabot Collection
    $21.5M
  • —
  • 01915
    $739K +12% y/y
  • Beverly
    $729K +4% 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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The real estate listing data marked with this icon comes from the IDX program of the Massachusetts Multiple Listing Service™ system.
The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith in interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
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