7 WALLIS ST, Beverly, MA 01915
Mixed-use building offers both retail space and residential units in Beverly, MA.
- Added:
- Jun 8, 2026
- Days on Market:
- 20
- Last Refresh:
- Jun 20 at 6:35 am
Property Features for 7 WALLIS ST
General Information
- Standard status
- Active
- Size
- 6,722 SF
- Property subtype
- Multifamily, Mixed Use
Building Details
- Year Built
- 1860
Listing office North Shore Realty Advisors
Listing date Jun 8, 2026
Source Crexi
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 North Shore Realty Advisors
HighLights
- Mixed‑use building with retail space and residential units
- Total building size: 6,722 SF
- Year built: 1860
Overview
The building is located at 7 Wallis St in Beverly, Massachusetts. As a mixed-use asset, it is designed to support multiple income-producing functions within one structure, with retail space and residential components under the same ownership.
For tenants, the retail portion can be a fit for neighborhood-serving concepts that benefit from being integrated into a residential setting, while the apartment component supports an on-site residential customer base. For buyers and operators, the configuration offers a diversified property type compared with single-use assets, bringing together retail and residential uses in one offering. Prospective buyers should review the existing configuration and lease details with the listing broker to confirm unit mix, tenant status, and any operational considerations tied to the property’s specific layout and use.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $161.3k | $24.00 |
| − Vacancy | −$3.5k | −$0.53 |
| EGI | $157.8k | $23.47 |
| − OpEx | −$47.3k | −$7.04 |
| NOI | $110.4k | $16.43 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Beverly
- County
- Essex
- State
- Massachusetts
- Longitude
- -70.8794216
- Latitude
- 42.5481606
