Prime investment opportunity in Beverly! This amazing two-unit multi-family property offers incredible income potential and endless possibilities, including the option to convert into two separate condo units. Each spacious unit features 4 bedrooms, 1.5 bathrooms, and in-unit laundry, providing both comfort and convenience for tenants or owner-occupants. Recent upgrades include two brand-new dishwashers in both units, a new washer/dryer in Unit 7, and recently replaced PolyComposite Vinyl railings on the front porch. The fenced-in backyard with a turf grass patio offers a low-maintenance outdoor space. With separate water, gas, and electric meters, this property is designed for easy management. Amazing location with close proximity to local shops, restaurants, parks, and beaches. Easy access to the the MBTA commuter rail Newburyport/Rockport line, making commuting a breeze! This is one you don’t want to miss!

Property Details

Price:
$995,000
MLS #:
73338752
Status:
Active Under Contract
Beds:
8
Baths:
3
Address:
5-7 Bennett Street
Type:
Multi Family
Subtype:
2 Family – 2 Units Side by Side
City:
Beverly
Listed Date:
Feb 26, 2025
State:
MA
Finished Sq Ft:
2,924
Total Sq Ft:
2,924
ZIP:
01915
Lot Size:
3,942 sqft / 0.09 acres (approx)
Year Built:
1919
Units:
2

Schools

Interior

Appliances
Range, Dishwasher, Disposal, Refrigerator, Washer, Dryer
Bathrooms
2 Full Bathrooms, 2 Half Bathrooms
Cooling
Window Unit(s)
Flooring
Tile, Hardwood, Stone/ Ceramic Tile
Heating
Forced Air, Natural Gas
Laundry Features
Electric Dryer Hookup, Washer Hookup

Exterior

Community Features
Public Transportation, Shopping, Park, Walk/ Jog Trails, Golf, Medical Facility, Laundromat, Highway Access, Private School, Public School, University
Construction Materials
Conventional (2×4-2×6)
Parking Features
Paved Drive, Off Street, Paved
Parking Spots
4
Roof
Shingle

Financial

Net Operating Income
$88,800
Tax Year
2025
Taxes
$9,451

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CRP: Certified Relocation Professional
CRS: Certified Residential Specialist
GRI: Graduate of Realtors Institute
CBR: Certified Buyers Representative
BSBA: Bachelor of Science in Business Administration. Babson College 1979
MBA: Master of Business Administration. Babson College 2002

James M. Joly is President and Principal-Owner of Boardwalk Real Estate Corp.,…

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5-7 Bennett Street
Beverly, MA