3-Unit Residential
For Sale
$1,199,000
Pending
13 Knowlton St, Beverly, MA 01915
Historic multifamily property with generous residential layouts and convenient access to downtown amenities and commuter rail.
Property Size3,328 SF
Days on Market58
Property Features for 13 Knowlton St
General Information
Standard status
Pending
Size
3,328 SF
Property subtype
3 Family
Building Details
Building Size
3,328 SF
Year Built
1900
Listing Agency:
IVerty Realty, LLC
Listed By:
Mela Dieujuste · License #452508574
(413) 786-0584
Source:
Iverty
Added: Aug 19
Changed: Oct 13
Last Checked: Oct 15 at 1:23AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of IVerty Realty, LLC
Investment Insights
Based on property information with market context.
Built in 1900, this triplex comprises three residential units with a combined 9 bedrooms and 3 full bathrooms. The property offers spacious layouts across its three-family configuration and is located at 13 Knowlton St in Beverly, Massachusetts.
The setting provides access to Downtown Beverly, restaurants, shops, local amenities, and commuter rail service. Montserrat College of Art is also nearby. Walk Score is 96, characterized as Walker’s Paradise; Bike Score is 51, or Bikeable; and Transit Score is 36, indicating Some Transit.
The setting provides access to Downtown Beverly, restaurants, shops, local amenities, and commuter rail service. Montserrat College of Art is also nearby. Walk Score is 96, characterized as Walker’s Paradise; Bike Score is 51, or Bikeable; and Transit Score is 36, indicating Some Transit.
Key Highlights
- Three residential units in a triplex configuration
- 9 bedrooms and 3 full bathrooms
- Built in 1900
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,064
Cap Rate
4.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,121,280
$1.1M
Cap Rate 7%
$800,914
$800.9K
Cap Rate 9%
$622,933
$622.9K
Market Conditions
NOI Build-Up for 3,328 SF
Gross rent
$83.9K $25.20/SF
− Vacancy
−$3.8K −$1.13/SF
EGI
$80.1K $24.07/SF
− OpEx
−$24.0K −$7.22/SF
NOI
$56.1K $16.85/SF
Area
Essex County, MA
Vacancy
4.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,121,280
Cap Rate 7%
$800,914
Cap Rate 9%
$622,933
Alternative Uses
Best Use
Multifamily LT 5
$800.9K
$700.8K – $934.4K
NOI $56,064 @ 7.0% cap · market cap 4.68%
Second Best
Apartment 5plus
$723.0K
$632.6K – $843.5K
NOI $50,607 @ 7.0% cap · market cap 4.22%
Theoretical Best
Office A
$1.97M
$1.72M – $2.30M
NOI $137,911 @ 7.0% cap · market cap 11.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
1,926
Businesses Nearby
Explore this area
Business Placement
Demographics for 01915, MA
42,341
Population
17,318
Households
2.4
Avg Household Size
40
Median Age
51%
College-Educated
97%
High-School Grad
14.2 sq mi
ZIP Area
2,982
Density / Sq Mi
$102,347
Median Household Income
$57,989
Median Earnings
$1,684
Median Rent
$619,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Historic multifamily property with generous residential layouts and convenient access to downtown amenities and commuter rail.
Where is this triplex located?
The property is located at 13 Knowlton St Beverly, MA.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Three residential units in a triplex configuration; 9 bedrooms and 3 full bathrooms; Built in 1900
