Outstanding investment opportunity in Beverly! This 4-family property offers four spacious two bedroom, one bath units with well designed layouts. A large level lot provides a spacious yard, ample parking and possible future opportunities. With below-market rents and strong upside potential, this is a prime value-add asset for investors, contractors, or owner-occupants looking to generate income. The property also presents an excellent condo conversion opportunity. Enjoy easy access to Route 128 and the MBTA commuter rail, making this a commuter-friendly location. Whether you’re seeking steady cash flow or long-term appreciation on the North Shore, this is a rare chance to own a well-located, multi-unit building with room to grow. All this ideally located near downtown, shops, and restaurants.
Property Details
Price:
$1,349,000
MLS #:
73418850
Status:
Active Under Contract
Beds:
8
Baths:
4
Address:
508 Elliott St
Type:
Multi Family
Subtype:
4 Family
City:
Beverly
Listed Date:
Aug 16, 2025
State:
MA
Finished Sq Ft:
3,984
Total Sq Ft:
3,984
ZIP:
01915
Lot Size:
9,139 sqft / 0.21 acres (approx)
Year Built:
1909
Units:
4
Schools
Interior
Bathrooms
4 Full Bathrooms
Exterior
Community Features
Public Transportation, Shopping, Highway Access, Public School
Parking Features
Paved Drive, Off Street
Parking Spots
4
Financial
Tax Year
2025
Taxes
$12,367
Map
Contact Us
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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.,…
More About JamesCourtesy of Keller Williams Realty Evolution. 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 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.
508 Elliott St
Beverly, MA
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