Two-Unit Duplex with Separate
For Sale
$749,995
Pending
42 1/2 Cabot St, Beverly, MA 01915
Vacant, freshly painted residences include gas cooking and an updated kitchen with stainless steel appliances.
Property Size2,148 SF
Days on Market192
Property Features for 42 1/2 Cabot St
General Information
Standard status
Pending
Size
2,148 SF
Property subtype
Multi-Family
Zoning
CC
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 2BR
Multifamily Units
2
Amenities
Oil, Natural Gas
Tile, Carpet
No
Shingle
Public Transportation, Shopping, Park, Walk/Jog Trails, Stable(s), Golf, Medical Facility, Laundromat, Highway Access, House of Worship, Marina, Private School, Public School, T-Station, University
for Gas Range
Harbor,Ocean,Walk to,1/2 to 1 Mile To Beach,Beach Ownership(Public)
Building Details
Building Size
2,148 SF
Year Built
1900
Buildings
1
Stories
2
Listing Agency:
Lyv Realty
Listed By:
Candice Pagliarulo Hodgson · License #448551563
(781) 572-5966
Source:
Reishomesearch
Added: Apr 8
Changed: Aug 29
Last Checked: Apr 22 at 11:00AM
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 Lyv Realty
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Investment Insights
Based on property information with market context.
This 2,148-square-foot duplex, built in 1900, contains two residential units with two bedrooms per unit. The interiors have been freshly painted, and both residences are vacant for immediate occupancy. One unit includes an updated kitchen with new stainless steel appliances, while gas cooking is available in both units. Separate utilities serve each residence.
The property is at 42 1/2 Cabot Street in downtown Beverly, within walking distance of The Cabot Theater, restaurants, cafés, and local shops. Its setting near the Salem Bridge provides access to Salem Station commuter rail and a nearby bus route, with connections toward Salem and Boston. Endicott College, Salem State University, Dane Street Beach, and Lynch Park are also nearby.
The property is at 42 1/2 Cabot Street in downtown Beverly, within walking distance of The Cabot Theater, restaurants, cafés, and local shops. Its setting near the Salem Bridge provides access to Salem Station commuter rail and a nearby bus route, with connections toward Salem and Boston. Endicott College, Salem State University, Dane Street Beach, and Lynch Park are also nearby.
Key Highlights
- Two‑unit duplex with 2 bedrooms in each unit
- 2,148 square feet; built in 1900
- Both units are vacant, freshly painted, and ready for immediate occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,186
Cap Rate
4.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$723,720
$723.7K
Cap Rate 7%
$516,943
$516.9K
Cap Rate 9%
$402,067
$402.1K
Market Conditions
NOI Build-Up for 2,148 SF
Gross rent
$54.1K $25.20/SF
− Vacancy
−$2.4K −$1.13/SF
EGI
$51.7K $24.07/SF
− OpEx
−$15.5K −$7.22/SF
NOI
$36.2K $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%
$723,720
Cap Rate 7%
$516,943
Cap Rate 9%
$402,067
Alternative Uses
Best Use
Multifamily LT 5
$516.9K
$452.3K – $603.1K
NOI $36,186 @ 7.0% cap · market cap 4.82%
Second Best
Apartment 5plus
$466.6K
$408.3K – $544.4K
NOI $32,663 @ 7.0% cap · market cap 4.36%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $89,013 @ 7.0% cap · market cap 11.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
825
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?
Duplex - Vacant, freshly painted residences include gas cooking and an updated kitchen with stainless steel appliances.
Where is this duplex located?
The property is located at 42 1/2 Cabot St Beverly, MA.
What is the asking price?
The asking price for this property is $749,995.
What are key features of this property?
This property features: Two‑unit duplex with 2 bedrooms in each unit; 2,148 square feet; built in 1900; Both units are vacant, freshly painted, and ready for immediate occupancy
