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$1,025,000
Total Beds: 5 Total Baths: 3
Total Units: 3 SQFT: 1819
LOT size: 0.11 Acres
36 Stone St
Beverly, MA 01915
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Property Description

Exceptional opportunity to own a well-maintained three-family property in one of Beverly's most desirable locations - just moments from beaches, parks, downtown and the commuter rail. This charming multi-family offers a versatile unit mix with two 2-bedroom units and one 1-bedroom unit, making it ideal for both investors and future owner occupants seeking strong rental income. Each unit has been consistently rented and cared for. Additional income is generated by a detached garage currently leased for $250/month to a local small business owner. The garage footprint and lot size may offer future potential for expansion or an accessory dwelling unit (ADU), subject to local approvals. A site plan is available for reference. Most recent improvement includes a brand new high efficiency furnace. Roof replaced in 2013. Off street parking provides one dedicated space per unit. A rare opportunity to invest in a prime Beverly location with immediate income and long-term upside potential

Property Details

Building Information

  • Total Units: 3
  • Total Floors: 3
  • Total Bedrooms: 5
  • Total Full Baths: 3
  • Total Fireplaces: 1
  • Amenities: Golf Course, Highway Access, House of Worship, Laundromat, Marina, Park, Private School, Public School, Public Transportation, Shopping, T-Station, University
  • Basement Features: Concrete Floor, Full, Interior Access, Unfinished Basement
  • Common Rooms: Family Room, Kitchen, Living Room
  • Common Interior Features: Internet Available - Satellite, Internet Available - Unknown, Stone/Granite/Solid Counters
  • Common Appliances: Dryer, Range, Refrigerator, Washer, Washer Hookup
  • Common Heating: Active Solar, Electric Baseboard, Extra Flue, Gas, Heat Pump, Hot Water Radiators

Financial

  • APOD Available: Yes
  • Expenses Source: Owner Provided
  • Gross Operating Income: 84600
  • Gross Expenses: 16193
  • GSE: 7636
  • Electric Expenses: 1000
  • Water/Sewer: 1328
  • INSC: 4604
  • Repairs & Maintenance: 1000
  • RFS: 300
  • Miscellaneous Expense: 325
  • Net Operating Income: 68407

Utilities

  • Heat Zones: 3
  • Utility Connections: Washer Hookup, for Electric Dryer, for Electric Range, for Gas Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Electric, Heat, Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Heat, Water
  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Included in Rent: Heat, Water
  • Under Lease: Yes
  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1900
  • Type: 3 Family - 3 Units Up/Down
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone, Poured Concrete
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Hardwood
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73502182
  • Last Updated: 04/16/26

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Map

Seller's Representative: Christina Frost, Portside Real Estate Group
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2026-04-16 03:30:00

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