Sold for $21,500,000

$21,500,000

The Cabot Collection, Beverly, MA 01915

99beds

52,603sqft

5+ Family - 5+ Units Side by Side

Built in 1890

-- sqft lot

$-- Zestimate^®

$409/sqft

$-- Estimated rent

Home value

Not available

Estimated sales range

Not available

Zestimate^® history

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$133,584/mo

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$133,584/mo

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What's special

The Cabot Collection includes 8 properties located at 39 Railroad Ave, 5 Pleasant St, and 62, 64, 66, 80, 84 and 130 Cabot St. The Portfolio consists of 3 commercial units, 8 Studio units, (42) 1-Bed units, (22) 2-Bed units, and (2) 3-Bed units, for a total of 77 units centered around Cabot Street in Downtown Beverly, which satisfies the high demand for workforce housing in the Boston/North Shore real estate market. Over the last several years, approximately 68 of the 77 units have been renovated, and more than half of the properties feature newer roofs, most common areas have been cosmetically upgraded and many of the kitchens have been redone with modern upgrades. The opportunity exists to continue with the programmatic upgrade of the residential units to push rental rates in a high demand/limited supply market. The Cabot Collection offers investors the rare opportunity to acquire a critical mass of investment properties in a supply-constrained downtown market within the Boston MSA.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 99
Bathrooms: 81
Full bathrooms: 81

Features

Has basement: No
Has fireplace: No

Interior area

Total structure area: 52,603
Total interior livable area: 52,603 sqft
Finished area above ground: 52,603

Property

Parking

Total spaces: 74
Parking features: Off Street
Garage spaces: 2
Uncovered spaces: 72

Features

Waterfront features: Harbor, 1/2 to 1 Mile To Beach, Beach Ownership(Public)

Lot

Size: 1.09 Acres
Features: Other

Details

Zoning: RHD & CC

Construction

Type & style

Home type: MultiFamily
Property subtype: 5+ Family - 5+ Units Side by Side

Materials

Foundation: Other
Roof: Shingle,Rubber

Condition

Year built: 1890

Utilities & green energy

Electric: Common, Individually Metered, Other (See Remarks)
Sewer: Public Sewer
Water: Public

Community & neighborhood

Community

Community features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Marina, Private School, Public School, T-Station, University

Location

Region: Beverly

HOA & financial

Other financial information

Total actual rent: 32767

Price history

Date	Event	Price
4/17/2026	Sold	$21,500,000-2.3%$409/sqft
Source: MLS PIN #73416629 Report a problem
8/12/2025	Listed for sale	$22,000,000$418/sqft
Source: MLS PIN #73416629 Report a problem