328 Cabot Street is a four-unit multifamily property along Beverly's Cabot Street corridor — close to downtown dining, commuter rail, and North Shore amenities. The mix is two one-bedroom and two two-bedroom units. The property currently generates $6,680/month from the occupied units, with one unit vacant, and offers projected stabilized rents of approximately $8,080/month. Three of the four units may be delivered vacant, providing flexibility for owner-occupancy, renovation, repositioning, or a reset to market rents, while one unit is held by an existing fixed-term lease for immediate in-place income. A full attic level — accessed by two staircases, with high ceilings and finished dormers — offers substantial expansion potential, subject to permitting. Zoned CC — Central Business District, 328 Cabot is a value-add opportunity in a central, high-visibility Beverly location. Buyer to perform all due diligence regarding zoning, use, expansion, and future development potential.
This home has been viewed 7 times
Last Checked: June 26th, 2026 at 7:18pm (Source: MLS PIN #73541603)
Gross Income: $80,160
Gross Expenses: $11,213
Net Income Calc: $68,947
Annual Expenses for 328-330 Cabot St, Beverly MA 01915
Total Gross Expenses (Calculated)$11,213/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax11213
Annual Income & Unit Breakdown for 328-330 Cabot St, Beverly MA 01915
Total Gross Income (Calculated)$80,160
Unit 1
Rental Income$0
LeaseN
Bedrooms1
Bathrooms1 Full
Floor1
Levels in Unit1
Rent Includes
Unit 2
Rental Income$0
LeaseY
Bedrooms2
Bathrooms1 Full
Floor2
Levels in Unit1
Rent Includes
Unit 3
Rental Income$0
LeaseN
Bedrooms2
Bathrooms1 Full
Floor1
Levels in Unit1
Rent Includes
Unit 4
Rental Income$0
LeaseN
Bedrooms2
Bathrooms1 Full
Floor2
Levels in Unit1
Rent Includes
General Information for 328-330 Cabot St, Beverly MA 01915
Listing ID73541603
Property TypeMulti Family / 4 Family
Price1149000 ($298.83/SqFt)
Style4 Family
CityBeverly
CountyEssex
Neighborhood(s)Ipswich
Approximate Living Area Total3845
Approximate Lot Size (Acres)0.15
Total Parking6
Garage Parking0
Year Built1900
Year Built SourcePublic Records
Year Built DetailsApproximate
WaterPublic
SewerPublic Sewer
Electric
Hot Water
Roof Material
Basement
Construction Materials
Lot FeaturesGentle Sloping
Foundation Description
Accessible Features
Outdoor Space
ZoningCC
Water Views
Water Views Features
Waterfront0
Waterfront Features
Terms
Disclosures for 328-330 Cabot St, Beverly MA 01915
Lead PaintNone
UFFI
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourcePublic Records
ExclusionsTv On The Deck And Garage Tv
Financial Data Source
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 328-330 Cabot St, Beverly MA 01915
Real Estate Taxes11213
Tax Year2025
Assessed Value$1,020,300
Financial Data Source
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 328-330 Cabot St, Beverly MA 01915
Neighborhood(s)Ipswich
Area AmenitiesWalk/jog Trails
Contact Information for 328-330 Cabot St, Beverly MA 01915