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.
- Heating System:
- Central
- Cooling System:
- Central Air
- Basement:
- Full, Finished
- Parking:
- On Street
- Appliances:
- Disposal, Range, Dishwasher, Refrigerator, Washer, Dryer
- Exterior Unit Features:
- Balcony/deck
- Flooring:
- Tile, Wood, Hardwood
- Sewer:
- Public Sewer
- Water:
- Public
- Disclosure:
- Generac whole house generator~ are just some of the updates
- Electric Feature:
- 60 Amps/less, 200+ Amp Service
- Garage Parking
- Interior Features:
- Open Floorplan
- Lead Paint:
- Unknown
- Rent Fee Includes:
- Unit 1(water), Unit 2(water), Unit 3(water)
- Market Time:
- 4
- Tax Year:
- 2025
- Status:
- Active
- Price Per Sqft:
- $280
- Zoning:
- CC
- No Units:
- 4
- Orig Price:
- $1,885,000
- Fireplaces:
- 1
- LEASE:
- Yes
- Waterfront:
- No
- MlsStatus:
- Active
- City:
- Beverly
- State:
- MA
- County:
- Essex
- Postal Code:
- 01915
- Longitude:
- W71° 7' 14.1''
- Latitude:
- N42° 32' 53.4''
Residential Income
7-11 Wallis St, Beverly, Massachusetts
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Price :
- $1,885,000
- Bedrooms :
- 5
- Rooms :
- 13
- Total Bathrooms :
- 4.5
- Full Bathrooms :
- 3
- Half Bathrooms :
- 3
- Square Footage :
- 6,722 Sqft
- Year Built :
- 1860
- Lot Area :
- 0.10 Acre
- Listing ID :
- 73531689
- Stephen E. Robb
- View website
- 617-212-0251
-
srobb@robbenterprises.com
