4-Unit Quadplex with Finished
328-330 Cabot St, Beverly, MA 01915
For Sale
New
$1,095,000
The building combines a two-and-two-bedroom unit mix with an upper level featuring finished dormers and two staircases.
Property Size3,845 SF
Days on Market4
Property Features for 328-330 Cabot St
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Units
Unit Mix
Multifamily Units
Additional Details
Gross Income
Public Transit
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
eXp Realty LLC - Corporate Office
Listed By:
Creatini Group
(617) 804-1999
Source:
Classifiedrealtygroup
Added: Nov 6
Changed: Nov 7
Last Checked: Nov 8 at 2:57AM
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 eXp Realty LLC - Corporate Office
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Investment Insights
Based on property information with market context.
Built in 1900, this four-unit quadplex contains two one-bedroom apartments and two two-bedroom apartments. The attic level has high ceilings, finished dormers, and access by two staircases. Three units may be delivered vacant; the remaining unit is subject to an existing fixed-term lease. Any attic expansion would require permitting.
The property is on Cabot Street in Beverly, near downtown dining, commuter rail service, and North Shore amenities. Its zoning is CC, Central Business District.
The property is on Cabot Street in Beverly, near downtown dining, commuter rail service, and North Shore amenities. Its zoning is CC, Central Business District.
Key Highlights
- Four apartments: two one‑bedroom units and two two‑bedroom units
- Three of the four units may be delivered vacant; one has an existing fixed‑term lease
- Attic features high ceilings, finished dormers, and two staircases; expansion is subject to permitting
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,774
Cap Rate
5.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,295,480
$1.3M
Cap Rate 7%
$925,343
$925.3K
Cap Rate 9%
$719,711
$719.7K
Market Conditions
NOI Build-Up for 3,845 SF
Gross rent
$96.9K $25.20/SF
− Vacancy
−$4.4K −$1.13/SF
EGI
$92.5K $24.07/SF
− OpEx
−$27.8K −$7.22/SF
NOI
$64.8K $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%
$1,295,480
Cap Rate 7%
$925,343
Cap Rate 9%
$719,711
Alternative Uses
Best Use
Multifamily LT 5
$925.3K
$809.7K – $1.08M
NOI $64,774 @ 7.0% cap · market cap 5.92%
Second Best
Apartment 5plus
$835.3K
$730.9K – $974.5K
NOI $58,469 @ 7.0% cap · market cap 5.34%
Theoretical Best
Office A
$2.28M
$1.99M – $2.66M
NOI $159,336 @ 7.0% cap · market cap 14.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
2,527
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
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - The building combines a two-and-two-bedroom unit mix with an upper level featuring finished dormers and two staircases.
Where is this quadplex located?
The property is located at 328-330 Cabot St Beverly, MA.
What is the asking price?
The asking price for this property is $1,095,000.
What are key features of this property?
This property features: Four apartments: two one‑bedroom units and two two‑bedroom units; Three of the four units may be delivered vacant; one has an existing fixed‑term lease; Attic features high ceilings, finished dormers, and two staircases; expansion is subject to permitting
