40 Stone St Beverly, MA 01915

The property at 40 & 40R Stone St in Beverly, MA, comprises two buildings with a total of twelve 2-bedroom, 1-bathroom units. The combined gross living area is 6,772 square feet, while the gross area totals 12,358 square feet. Situated on a 0.44-acre parcel, the property provides ample parking with 12 spaces. Each building contains six units. The property is separately metered for electricity, which is paid directly by the tenants. Heat and hot water utilities are a mix of electric and oil powered. Specifically, 40R Stone Street is separately metered for heat, while 40 Stone Street is centrally metered, making the landlord responsible for that utility. The landlord is also responsible for city water and sewer. The property benefits from a location within a vibrant North Shore community, offering strong visibility and proximity to a diverse mix of retail, dining, and community amenities. Downtown Beverly, beaches, and cultural destinations are nearby, enhancing tenant appeal and long-term stability.