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.
Open House: June 30th 12:30-1:30pm
| MLS Listing ID: | 73541603 |
|---|---|
| Listing Price: | $1,149,000 |
| Listing Status: | New [?] |
| Property Type: | Multi Family |
| Bedrooms: | 7 |
| Full Baths: | 4 |
| Living Space: | 3845 sf. |
| Lot Size: | 0.15 acres (6652 sf.) |
| Parking: | Yes |
| Taxes: | $11,213.00 |
| Tax Year: | 2025 |
Listing Current as of June 27, 2026 1:00pm
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