Three houses from the beach, this 5,727 sq ft Beverly Cove two-family offers a rare combination of scale, flexibility, and location. The life you've been trying to create may be closer than you think - and far larger than you thought you could afford. Imagine grandparents nearby, an au pair with their own space, room for guests, working from home, hobbies, and a growing household, it provides options that are increasingly difficult to find. Just blocks from vibrant downtown Beverly and 0.7 miles to the commuter rail to Boston. In Beverly you'll enjoy boutique coffee shops, acclaimed restaurants, breweries, live music, festivals, parades, summer concerts, and the coastal charm that keeps people here for generations. Extensive upgrades include triple-pane windows, central air, heat pumps, insulation, updated kitchens and baths, and major electrical improvements. 1st floor unit features 3 bedrooms. Owners unit spans 2nd & 3rd floors with 7 bedrooms. Come live by the sea in Beverly.
This home has been viewed 5 times
Last Checked: June 25th, 2026 at 9:33am (Source: MLS PIN #73541054)
Gross Income: $28,800
Gross Expenses: $12,030
Net Income Calc: $16,770
Water Views
Annual Expenses for 32 Ocean St, Beverly MA 01915
Total Gross Expenses (Calculated)$12,030/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax12030
Annual Income & Unit Breakdown for 32 Ocean St, Beverly MA 01915
Total Gross Income (Calculated)$28,800
Unit 1
Rental Income$0
LeaseY
Bedrooms3
Bathrooms3 Full
Floor1
Levels in Unit1
Rent Includes
Unit 2
Rental Income$0
LeaseN
Bedrooms7
Bathrooms7 Full, 1 Half
Floor2
Levels in Unit2
Rent Includes
General Information for 32 Ocean St, Beverly MA 01915
Listing ID73541054
Property TypeMulti Family
Price1595000 ($278.51/SqFt)
StyleMulti Family
CityBeverly
CountyEssex
MLS AreaBeverly Cove
Neighborhood(s)Ipswich
Approximate Living Area Total5727
Approximate Lot Size (Acres)0.15
Total Parking6
Garage Parking0
Year Built1911
Year Built SourcePublic Records
Year Built DetailsActual
WaterPublic
SewerPublic Sewer
Electric220 Volts
Hot Water
Roof MaterialAsphalt/fiberglass Shingles
BasementFull
Construction MaterialsFrame
Lot Features
Foundation Description
Accessible Features
Outdoor SpaceCovered
ZoningR6
Water ViewsNo
Water Views Features
Waterfront0
Waterfront FeaturesRiver
Terms
Disclosures for 32 Ocean St, Beverly MA 01915
Lead PaintNone
UFFI
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourceMeasured
ExclusionsTv On The Deck And Garage Tv
Financial Data SourceEstimated
Total Gross Expenses By Broker
Total Gross Income By Broker
Total Net Income By Broker
Short Sale / Forclosure (Bank Owned)
Compensation Based On
Financial Information for 32 Ocean St, Beverly MA 01915
Real Estate Taxes12030
Tax Year2025
Assessed Value$1,094,600
Financial Data SourceEstimated
Total Gross Expenses By Broker
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker
BostonRealEstate.com Gross Income
Total Net Income By Broker
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
Location Information for 32 Ocean St, Beverly MA 01915
Elementary SchoolCove
Middle SchoolBeverly Middle School
High SchoolBeverly High School
Neighborhood(s)Ipswich
MLS AreaBeverly Cove
Area AmenitiesWalk/jog Trails
Contact Information for 32 Ocean St, Beverly MA 01915