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Property profile & analytics
OFF-MARKET
Estimated value
$1,525,000
Residential income homes
148 Elliott St, Beverly, MA 01915-3242
Entity Owned
4-yr Hold
Property ID
US38-2439441
Property profile
Verified
Property type
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Year built
1900
Construction
FRAME
Total area
3,828 SF
Lot
0.18 ac (8,002 SF)
Zoning code
IG
APN
BEVE M:0019 B:0108 L:
UPID
US38-2439441
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.62M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.32M
Blend (final)
Blend
$1.53M
Owner & transaction history
Elliott House LLC · 4 yrs held
Elliott House LLC
since 2022
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
IG · Beverly, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Beverly submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Beverly submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,680,000
ML approach
$1,620,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,225,000
Current use
COMMERCIAL (GENERAL)
$1,150,000
Change: -6% · Conversion: Moderate
OFFICE BUILDING
$985,000
Change: -20% · Conversion: Moderate
Blend value · Realmo final
$1.53M
Range $1.37M – $1.68M · ±10% · vs last sale $1.50M (Feb 2 2022)
Last sale anchor
$1.50M
Feb 2 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$398 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$9,952
Tax year 2024
Assessed value
$886,200
Assessed 2024
Previous assessed
$886,200
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$330,900
Assessed improvement
$555,300
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Status
Off-Market
Year built
1900
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
14
Rooms
14
Bathrooms
3
Total area
3,828 SF
Lot
0.18 ac (8,002 SF)
Zoning code
IG
APN
BEVE M:0019 B:0108 L:
UPID
US38-2439441
Jurisdiction
BEVERLY
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
IG · Beverly, MA
Zoning IG · permitted uses
IG · Beverly, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Beverly. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.2M
OFFICE BUILDING
Est. value
$985,000
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1900
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
14
Rooms
14
Bathrooms
3
Lot
0.18 ac
Current owner
From public records · entity-resolved
Elliott House LLC
Entity
Mailing address
82 WENDELL AVE #100, PITTSFIELD, MA 01201-7066
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 2, 2022
$1,500,000
Elliott House LLC
148 Elliott Street LLC
Quit Claim Arm's Length For Ne States
$1,125,000 · Middlesex Fsla
Apr 21, 2021
—
148 Elliott Street LLC
Jon Lester
Quit Claim Deed
related
—
Dec 7, 2020
—
Jon Lester
—
Deed
related
$240,000 · North Shore Bank
Jul 6, 2020
—
Jon Lester
Barbara Lester
Quit Claim Deed
related
—
Jul 3, 2019
—
Barbara Lester
—
Deed
related
$100,000 · Beverly Bank & Trust Co NA
Nov 30, 2018
—
Barbara Lester
—
Deed
related
$428,500 · Beverly Bank
Feb 16, 2017
$240,000
Barbara Lester
148 Elliott Street RT
Quit Claim Arm's Length For Ne States
$192,000 · Mortgage Fncl Svcs INC
Nov 14, 2014
$239,000
148 Elliott Street RT
Harry C Clark JR
Quit Claim Arm's Length For Ne States
$184,000 · Beverly Bank
Dec 15, 1989
—
Harry Clark JR.
—
Deed Of Trust
related
$10,000 · Beverly City
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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