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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.
Current real estate data for Multi Family in Beverly as of Nov 17, 2025
11
Multi Family Listed
84
Avg DOM
374
Avg $ / SqFt
$3,196,891
Avg List Price

Property Details

Price:
$1,299,900
MLS #:
73418850
Status:
Active
Beds:
8
Baths:
4
Type:
Multi Family
Subtype:
4 Family
Listed Date:
Aug 16, 2025
Finished Sq Ft:
3,984
Total Sq Ft:
3,984
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

Net Operating Income
$103,200
Tax Year
2025
Taxes
$12,367

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Property Summary

    508 Elliott St Beverly MA is a Multi Family for sale in Beverly, MA, 01915. It is listed for $1,299,900 To schedule a showing of MLS#73418850 at 508 Elliott St in Beverly, MA, contact your Boardwalk Real Estate Corp. agent at 781-944-7820.

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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 James
508 Elliott St
Beverly, MA