Duplex with Separate
14 Central Ct Beverly, MA 01915
14 Central Ct, Beverly, MA, 01915
$769,999
For Sale
$769,999
Well-cared-for two-family in Beverly with updated kitchens and baths, separate utilities, and parking plus private yard space.
Property Size1,854 SF
Price / SF$415.32
Days on Market22
Property Features for 14 Central Ct
General Information
- Standard status
- Active
- Size
- 1,854 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1890
Listing agency
SmartHomes Realty
(617) 610-2811
Listed by
Michael Goolkasian
(617) 610-2811
Source
Lockandkeyre
Added: Jun 30 Updated: Jul 21 at 2:23AM Checked: Jul 21 at 3:16AM
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 SmartHomes Realty
Investment Insights
Based on property information with market context.
This two-family duplex has been well cared for and features updated appliances and cosmetics in both kitchens and bathrooms. The property was recently painted, and it offers separate utilities for each unit. Mechanical updates include a furnace replacement in 2022 and a replaced water heater.
At the time of listing, Unit 1 may be vacant, while the second floor is currently occupied by a tenant at will who has been in place for five years. The home also includes outdoor space with a yard for relaxation.
In addition to the yard, the property provides separate parking on both sides of the home, along with a small private yard area that can be used exclusively for each tenant. The location is described as downtown Beverly, with close proximity to public transportation and the beach.
At the time of listing, Unit 1 may be vacant, while the second floor is currently occupied by a tenant at will who has been in place for five years. The home also includes outdoor space with a yard for relaxation.
In addition to the yard, the property provides separate parking on both sides of the home, along with a small private yard area that can be used exclusively for each tenant. The location is described as downtown Beverly, with close proximity to public transportation and the beach.
Key Highlights
- Well‑cared‑for 2‑family home built in 1890 in downtown Beverly.
- Unit 2 is occupied by a tenant at will who has occupied for 5 years; Unit 1 may be vacant at time of listing.
- Updated appliances and cosmetics in both kitchens and bathrooms.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $46.7k | $25.20 |
| − Vacancy | −$2.1k | −$1.13 |
| EGI | $44.6k | $24.07 |
| − OpEx | −$13.4k | −$7.22 |
| NOI | $31.2k | $16.85 |
1,854 SF · lease $25.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$446.2K
$390.4K – $520.6K
NOI $31,233 @ 7.0% cap · market cap 4.06%
Second Best
Apartment 5plus
$402.8K
$352.4K – $469.9K
NOI $28,193 @ 7.0% cap · market cap 3.66%
Theoretical Best
Office A
$1.10M
$960.4K – $1.28M
NOI $76,829 @ 7.0% cap · market cap 9.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Well-cared-for two-family in Beverly with updated kitchens and baths, separate utilities, and parking plus private yard space.
Where is this duplex located?
The property is located at 14 Central Ct Beverly, MA.
What is the asking price?
The asking price for this property is $769,999.
What are key features of this property?
This property features: Well‑cared‑for 2‑family home built in 1890 in downtown Beverly.; Unit 2 is occupied by a tenant at will who has occupied for 5 years; Unit 1 may be vacant at time of listing.; Updated appliances and cosmetics in both kitchens and bathrooms.
