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    508 Elliott St Beverly, MA 01915

    For Sale
    $1,299,900

    4 Family - Beverly, MA

    Property size:
    3,984 SF
    Lot size:
    0.21 Acres
    Days on Market:
    31
    Last Refresh:
    Dec 14 at 11:06 pm

    Property Features for 508 Elliott St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R10
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    8
    Bathrooms
    4
    APN
    M:0017 B:0043 L:,4183084
    Parking
    4
    Parking features
    Off Street, Paved or Surfaced
    Size
    3,984 SF
    Lot size
    0.21 Acres

    Building Details

    Year built
    1909
    Floors in Building
    4
    Number of units
    4
    Architectural style
    Other

    Keller Williams Realty Evolution [email protected]

    Listing agent Salvatore DiMercurio (978) 927-8700

    Listing date Nov 14, 2025

    MLS# 73418850 Listing URL

    Copyright © 2025 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Beverly Four-Family Investment Opportunity

    Located in Beverly, Massachusetts, this four-family property presents an investment opportunity. The building contains four units, each featuring two bedrooms and one bathroom with well-designed layouts. The property is situated on a 0.21-acre lot, offering a spacious yard and ample parking. The property has 3,984 square feet of space and is zoned R10. The location provides convenient access to Route 128 and the MBTA commuter rail. The property is ideally located near downtown, shops, and restaurants. This property may be suitable for investors, contractors, or owner-occupants seeking income generation. The property also presents a condo conversion opportunity.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Beverly
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.908273
    Latitude
    42.557162

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    FAQs

    What type of property is this?
    Quadplex - Four spacious units with income and appreciation potential in Beverly.
    Where is this quadplex located?
    The property is located at 508 Elliott St Beverly, MA.
    What is the asking price?
    The asking price for this property is $1,299,900.
    What are key features of this property?
    This property features: - Strong income potential with below-market rents and value-add opportunity.; - Four spacious two-bedroom, one-bath units.; - Large, level lot with ample off-street parking and potential for future development.
    (978) 927-8700
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    508 Elliott St Beverly, MA 01915
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