Three-Story Triplex with In-Suite
For Sale
$1,299,900
26 Abbott Street, Beverly, MA 01915
Three-story triplex with two-plus bedroom units, eat-in kitchens, hardwood floors, assigned parking, and in-suite laundry.
Property Size4,195 SF
Price / SF$309.87
Days on Market50
Property Features for 26 Abbott Street
General Information
Standard status
Active
Size
4,195 SF
Property subtype
3 Family - 3 Units Up/Down
Amenities
in-suite laundry
additional storage
Building Details
Building Size
4,195 SF
Year Built
1860
Buildings
2
Stories
3
Tenancy
Multi
Listing Agency:
IVerty Realty, LLC
Listed By:
Mela Dieujuste · License #452508574
(413) 786-0584
Source:
Iverty
Added: Jul 28
Changed: Sep 14
Last Checked: Sep 15 at 7:06AM
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.
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$70,670
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.44%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,377
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
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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 - 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
