Five-Unit Apartment
For Sale
$1,400,000
Pending
19 Essex St, Beverly, MA 01915
A varied bedroom mix is paired with off-street tenant parking and access to Beverly’s central amenities.
Property Size4,740 SF
Days on Market49
Property Features for 19 Essex St
General Information
Standard status
Pending
Size
4,740 SF
Total Parking Spaces
5
Property subtype
5-9 Family
Units
Unit Mix
2 x 1BR, 2 x 2BR, 1 x 4BR
Multifamily Units
5
Additional Details
Public Transit
Yes
Building Details
Building Size
4,740 SF
Year Built
1910
Listing Agency:
IVerty Realty, LLC
Listed By:
Mela Dieujuste
(413) 786-0584
Source:
Iverty
Added: Aug 18
Changed: Oct 4
Last Checked: Oct 4 at 9:41AM
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.
This 1910 apartment property contains five residential units with a mix of two one-bedroom apartments, two two-bedroom apartments, and one four-bedroom apartment. The varied configuration provides multiple unit layouts within a single multifamily asset, while five off-street parking spaces serve the property.
Located at 19 Essex St in Beverly, the property is near local restaurants, shops, and other amenities. Montserrat College of Art, Beverly Commuter Rail Station, and Dane Street Beach are also identified as nearby destinations. Walk Score is 96, Bike Score is 51, and Transit Score is 36, reflecting strong walkability with bikeable access and some transit service.
Located at 19 Essex St in Beverly, the property is near local restaurants, shops, and other amenities. Montserrat College of Art, Beverly Commuter Rail Station, and Dane Street Beach are also identified as nearby destinations. Walk Score is 96, Bike Score is 51, and Transit Score is 36, reflecting strong walkability with bikeable access and some transit service.
Key Highlights
- Five‑unit apartment property built in 1910
- Unit mix includes two 1‑bedroom, two 2‑bedroom, and one 4‑bedroom apartments
- Five off‑street parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,078
Cap Rate
5.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,441,560
$1.4M
Cap Rate 7%
$1,029,686
$1.0M
Cap Rate 9%
$800,867
$800.9K
Market Conditions
NOI Build-Up for 4,740 SF
Gross rent
$136.5K $28.80/SF
− Vacancy
−$5.5K −$1.15/SF
EGI
$131.1K $27.65/SF
− OpEx
−$59.0K −$12.44/SF
NOI
$72.1K $15.21/SF
Area
Essex County, MA
Vacancy
4.00%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,441,560
Cap Rate 7%
$1,029,686
Cap Rate 9%
$800,867
Alternative Uses
Best Use
Apartment 5plus
$1.03M
$901.0K – $1.20M
NOI $72,078 @ 7.0% cap · market cap 5.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.81M
$2.46M – $3.27M
NOI $196,424 @ 7.0% cap · market cap 14.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
5
Residential units
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - A varied bedroom mix is paired with off-street tenant parking and access to Beverly’s central amenities.
Where is this apartment building located?
The property is located at 19 Essex St Beverly, MA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Five‑unit apartment property built in 1910; Unit mix includes two 1‑bedroom, two 2‑bedroom, and one 4‑bedroom apartments; Five off‑street parking spaces
