Three-Story Triplex with In-Suite
26 Abbott Street, Beverly, MA 01915
For Sale
$1,299,900
Pending
Three-story triplex with two-plus bedroom units, eat-in kitchens, hardwood floors, assigned parking, and in-suite laundry.
Property Size1,860 SF
Days on Market106
Property Features for 26 Abbott Street
General Information
Standard status
Size
Property subtype
Lease Term
Amenities
in-suite laundry
additional storage
Building Details
Building Size
Year Built
Buildings
Stories
Tenancy
Listing Agency:
Boston Hub Real Estate
(781) 395-8900
Listed By:
Joseph Firicano
(781) 254-5791
Source:
Iverty
Added: Jul 28
Changed: Nov 8
Last Checked: Nov 8 at 6:47AM
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 Boston Hub Real Estate
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Investment Insights
Based on property information with market context.
Located at 26 Abbott Street in Beverly, MA, this three-story triplex (three-family home) was built in 1860 and offers apartment living with residential charm and practical unit features. Each unit is described as having two-plus bedrooms, eat-in kitchens, hardwood floors, plenty of closets, in-suite laundry, separate utilities, and additional storage.
The property includes assigned parking spaces and a large, level lot suitable for outdoor relaxation or entertaining. An oversized two-car garage is also included, creating an opportunity for a potential fourth unit, as described.
This configuration can support multiple living arrangements and flexibility for an owner who wants to live in one unit while renting the others, as well as scenarios such as expansion or alternative uses tied to the property’s layout and on-site improvements.
The property includes assigned parking spaces and a large, level lot suitable for outdoor relaxation or entertaining. An oversized two-car garage is also included, creating an opportunity for a potential fourth unit, as described.
This configuration can support multiple living arrangements and flexibility for an owner who wants to live in one unit while renting the others, as well as scenarios such as expansion or alternative uses tied to the property’s layout and on-site improvements.
Key Highlights
- Built in 1860
- Three‑story triplex with three separate units
- Two‑plus bedroom units with eat‑in kitchens and hardwood floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,670
Cap Rate
5.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,413,400
$1.4M
Cap Rate 7%
$1,009,571
$1.0M
Cap Rate 9%
$785,222
$785.2K
Market Conditions
NOI Build-Up for 4,195 SF
Gross rent
$105.7K $25.20/SF
− Vacancy
−$4.8K −$1.13/SF
EGI
$101.0K $24.07/SF
− OpEx
−$30.3K −$7.22/SF
NOI
$70.7K $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%
$1,413,400
Cap Rate 7%
$1,009,571
Cap Rate 9%
$785,222
Alternative Uses
Best Use
Multifamily LT 5
$1.01M
$883.4K – $1.18M
NOI $70,670 @ 7.0% cap · market cap 5.44%
Second Best
Apartment 5plus
$911.3K
$797.4K – $1.06M
NOI $63,791 @ 7.0% cap · market cap 4.91%
Theoretical Best
Office A
$2.48M
$2.17M – $2.90M
NOI $173,840 @ 7.0% cap · market cap 13.37%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,377
Businesses Nearby
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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
$619,600
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Essex County, MA
Properties on Market for Triplexes in Essex County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three-story triplex with two-plus bedroom units, eat-in kitchens, hardwood floors, assigned parking, and in-suite laundry.
Where is this triplex located?
The property is located at 26 Abbott Street Beverly, MA.
What is the asking price?
The asking price for this property is $1,299,900.
What are key features of this property?
This property features: Built in 1860; Three‑story triplex with three separate units; Two‑plus bedroom units with eat‑in kitchens and hardwood floors
