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Jennifer McQuarrie

jennifer.mcquarrie@engelvoelkers.com +1(978) 432-9488

$ 1,885,000

Est. payment -/mo

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7-11 Wallis St Beverly, MA 01915

5 Beds

4.5 Baths

6,722 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 4 Family - 4 Units Up/Down

Listing Status Active

Purchase Type For Sale

Square Footage 6,722 sqft

Price per Sqft $280

MLS Listing ID 73531689

Bedrooms 5

Full Baths 3

Half Baths 3

Year Built 1860

Annual Tax Amount $12,290

Tax Year 2025

Lot Size 4,356 Sqft

Acres 0.1

Property Sub-Type 4 Family - 4 Units Up/Down

Property Description

A rare opportunity to acquire a trophy mixed-use asset in the heart of Downtown Beverly. Meticulously renovated throughout, the property blends historic character, modern systems, and durable in-place cash flow in one of the North Shore's most desirable downtown markets. The property contains approximately 6,722± rentable square feet within a 10,223± gross square footage and features three (3) renovated residential units alongside the iconic home of Off Cabot Comedy & Events, a destination entertainment venue with a strong following. The commercial tenancy offers stable income with 5% annual rent escalations, creating built-in NOI growth and long-term stability. The unit mix of one studio, one 1-bedroom, & one 3-bedroom underwent gut renovations with sun-filled open floor plans, soaring ceilings, hardwood flooring, beautiful woodwork, large bathrooms, eat-in kitchens, and in-unit laundry. Fantastic opportunity to own a gorgeous property right in Downtown Beverly.

Location

State MA

County Essex

Zoning CC

Direction Wallis is a one way from Rantoul Street

Rooms

Basement Full, Finished

Interior

Interior Features Open Floorplan

Heating Central

Cooling Central Air

Flooring Wood, Tile, Hardwood

Fireplaces Number 1

Appliance Range, Dishwasher, Disposal, Refrigerator, Washer, Dryer

Exterior

Exterior Feature Balcony/Deck

Community Features Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Highway Access, T-Station

Utilities Available for Gas Range, for Electric Range

Waterfront Description Ocean,0 to 1/10 Mile To Beach

Roof Type Rubber

Garage No

Building

Lot Description Corner Lot

Story 3

Foundation Stone

Sewer Public Sewer

Water Public

Others

Senior Community false

Listed by North Shore Realty Advisors

NEARBY SCHOOLS & PROPERTIES

Jennifer McQuarrie

Advisor | License ID: 9550485

+1(978) 432-9488

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