What is the estimated cap rate for 19 Essex St, Beverly, MA 01915?

Based on rent reported on the MLS listing, 19 Essex St, Beverly, MA 01915 (5 units) has an estimated 5.70% cap rate at its $1,400,000 list price, assuming $10,425/mo gross rent, 5% vacancy, 20% operating expenses, property taxes. These are estimates, not investment advice.

What is the estimated rent for 19 Essex St, Beverly, MA 01915?

The MLS listing reports about $10,425/month in total rent for a 5-unit multi-family in 01915. That is in-place rent from the current leases, which can sit below market on a long-held property.

Active

26 Days on market

19 Essex St Beverly — Photo 1 of 41

$1,400,000

Investment Analysis — 19 Essex St

Beverly, MA 01915

Based on rent reported on the MLS listing, a 5-unit multi-family in 01915 carries $10,425/mo in gross rent — about a 5.70% cap rate and $79,766/yr in estimated NOI at the $1,400,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

4,740

Style

5-9 Family

Built

1910

Great opportunity to own a centrally located 5-unit multifamily property in the heart of Beverly. The property features two 1-bedroom units, two 2-bedroom units, and a spacious 4-bedroom unit, offering a versatile mix of layouts and strong rental potential. Conveniently located near the area's restaurants, shops, and amenities, as well as Montserrat College of Art and the Beverly Commuter Rail Station. Dane Street Beach is also just a short distance away. Five off-street parking spaces add valuable convenience for tenants. An exciting opportunity for investors to own a centrally located multifamily property with potential upside through future rent growth and continued improvements.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.

Financials

Original Price$1,400,000

Annual Taxes$15,310

Parking

Garage0

Off-Street5

Interior Specifications

Total Rooms20

FireplacesNone

FlooringWood, Vinyl, Carpet, Varies

BasementBulkhead, Concrete, Unfinished

Climate & Utilities

Heating--

Cooling--

WaterPublic

SewerPublic Sewer

Building & Exterior

ConstructionFrame

RoofShingle

FoundationStone

ZoningCC

Property & Lot

Acres0.12

SqFt Lot5,314

Lot Features--

Neighborhood

Public Transportation • Shopping • Golf • Medical Facility • Laundromat • Highway Access

Geography

Listing Provided By

Listing Agent: Herrick Lutts Realty Partners

Listing Office: Herrick Lutts Realty Partners

MLS® Number: 73564888