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Home Massachusetts Multi-Family Homes for Sale

7-11 Wallis St Beverly, MA 01915
Open House: Mon 6/22 11:00 AM
8
$1,885,000
Total Beds: 5 Total Baths: 6
Total Units: 4 SQFT: 6722
LOT size: 0.10 Acres
7-11 Wallis St
Beverly, MA 01915
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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.
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Property Details

Building Information

  • Total Units: 4
  • Total Floors: 3
  • Total Bedrooms: 5
  • Total Full Baths: 3
  • Total Half Baths: 3
  • Total Fireplaces: 1
  • Amenities: Highway Access, Medical Facility, Park, Public Transportation, Shopping, T-Station, Walk/Jog Trails
  • Basement Features: Finished, Full, Other (See Remarks)
  • Common Interior Features: Tile Floor
  • Common Appliances: Dishwasher, Disposal, Dryer, Range, Refrigerator, Washer
  • Common Heating: Central Heat, Electric
  • Common Cooling: Central Air

Financial

  • APOD Available: No
  • Expenses Source: Owner Provided
  • Gross Operating Income: 133938
  • Gross Expenses: 50488
  • Electric Expenses: 3131
  • Water/Sewer: 5076
  • INSC: 14510
  • Repairs & Maintenance: 1800
  • RFS: 1500
  • Management Fee: 5197
  • Net Operating Income: 79432

Utilities

  • Electric Info: 200 Amps, 60 Amps/Less, None
  • Utility Connections: for Electric Range, for Gas Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

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

Unit 2 Description

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

Unit 3 Description

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

Construction

  • Year Built: 1860
  • Type: 4 Family - 4 Units Up/Down
  • Foundation Info: Fieldstone
  • Roof Material: Rubber
  • Flooring Type: Hardwood, Tile, Wood
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73531689
  • Last Updated: 06/12/26

Mortgage Calculator

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Map

Seller's Representative: Dan Pouladian, North Shore Realty Advisors
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

© 2026 MLS Property Information Network, Inc.. All rights reserved.

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 2026-06-12 03:05:00

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