Outstanding investment opportunity in Beverly! This 4-family property offers four spacious two bedroom, one bath units with well designed layouts. A large level lot provides a spacious yard, ample parking and possible future opportunities. With below-market rents and strong upside potential, this is a prime value-add asset for investors, contractors, or owner-occupants looking to generate income. The property also presents an excellent condo conversion opportunity. Enjoy easy access to Route 128 and the MBTA commuter rail, making this a commuter-friendly location. Whether you're seeking steady cash flow or long-term appreciation on the North Shore, this is a rare chance to own a well-located, multi-unit building with room to grow. All this ideally located near downtown, shops, and restaurants.
For sale
$1,349,000
508 Elliott St, Beverly, MA 01915
8beds
3,984sqft
Est.:
4 Family
Built in 1909
-- sqft lot
$-- Zestimate®
$339/sqft
$-- HOA
What's special
- 9 days
- on Zillow |
- 1,299 |
- 62 |
Zillow last checked: 7 hours ago
Listing updated: August 20, 2025 at 12:07am
Listed by:
Salvatore DiMercurio,
Keller Williams Realty Evolution,
Salvatore DiMercurio
Source: MLS PIN,MLS#: 73418850
Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 4
Features
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 3,984
- Total interior livable area: 3,984 sqft
- Finished area above ground: 3,984
Property
Parking
- Total spaces: 4
- Parking features: Paved Drive, Off Street
- Has uncovered spaces: Yes
Features
- Waterfront features: 1 to 2 Mile To Beach
Lot
- Size: 9,139 Square Feet
Details
- Parcel number: M:0017 B:0043 L:,4183084
- Zoning: R10
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 4 Family
Materials
- Foundation: Stone
Condition
- Year built: 1909
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Public Transportation, Shopping, Highway Access, Public School
Location
- Region: Beverly
Financial & listing details
- Price per square foot: $339/sqft
- Tax assessed value: $1,091,200
- Annual tax amount: $12,367
- Date on market: 8/16/2025
- Total actual rent: 8600
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