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    15 River St Beverly, MA 01915

    Sponsored
    For Sale
    $1,450,000

    Three-unit multi-family & three-bay garage.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional mixed-use property in desirable Beverly, MA, presents a lucrative investment opportunity. Situated on a 0.15-acre lot at 15 River Street, this property seamlessly blends residential and commercial uses. The charming multi-family home comprises three distinct rental units, offering immediate income potential. Adjacent to the residence is a substantial three-bay garage, currently utilized as an auto repair shop (business not included in sale). The property's prime location near the commuter rail and major highways ensures convenient access for both residents and commercial operations. This strategic positioning maximizes accessibility and appeal to a wide range of tenants. The property's versatility allows for diverse income streams and potential for future development or expansion. This is an ideal investment for those seeking a blend of residential and commercial income, offering a strong return on investment in a thriving Massachusetts community. The property is being sold as-is. The square footage is not currently available. Serious inquiries only.

    Property Features for 15 River St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    6,534 SF

    Building Details

    Year Built
    1960
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Beverly
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.88659
    Latitude
    42.54415

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    FAQs

    What type of property is this?
    Commercial real estate - Three-unit multi-family & three-bay garage.
    Where is this commercial real estate located?
    The property is located at 15 River St Beverly, MA.
    What is the asking price?
    The asking price for this property is $1,450,000.
    (978) 993-3600
    Request Owner's contact information
    15 River St Beverly, MA 01915
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    Beverly, MA 01915
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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
    15 River St Beverly, MA 01915
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