Active
33 Days on market
14 Summit Ave Beverly — Photo 1 of 6

14 Summit Ave Beverly — Photo 1 of 6

$900,000

Investment Analysis — 14 Summit Ave

Beverly, MA 01915

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-unit multi-family in 01915 carries an estimated $9,040/mo in gross rent — about a 7.77% cap rate and $69,969/yr in estimated NOI at the $900,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

4

Baths

4

SqFt

5,458

Style

4 Family

Built

1795

At 14 Summit Ave in Beverly, MA, discover a distinguished multi-family residence spanning 5458 square feet, originally constructed in 1795. This property offers a unique opportunity to own a piece of history, meticulously maintained and thoughtfully adapted for contemporary living. This expansive property features four bedrooms, providing ample private accommodations. Complementing these sleeping quarters are four full bathrooms, designed to offer convenience and comfort for all residents. The property also includes a two-car garage, offering secure parking and additional storage solutions. The generous 11,082 square foot lot provides a substantial outdoor environment, ideal for various uses. We invite you to schedule a private viewing to fully appreciate the unique character and potential of this exceptional Beverly offering.

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 MLS and other third-party data may be inaccurate or out of date.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.

Property Details

Financials

Original Price$900,000
Annual Taxes$12,476

Parking

Garage2
Off-Street10

Interior Specifications

Total Rooms16
FireplacesNone
FlooringWood
BasementFull, Dirt Floor

Climate & Utilities

Heating--
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationStone
ZoningR M D

Property & Lot

Acres0.25
SqFt Lot11,082
Lot FeaturesLevel

Neighborhood

Public Transportation • Park • Golf • Medical Facility • Laundromat • House of Worship

Geography

Listing Provided By

Listing Agent: William Fishbane

Listing Office: Sara Fishbane Real Estate

MLS® Number: 73561611