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

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

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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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508 Elliott St
Beverly, MA