495 Cabot St # 1, Beverly MA 01915

Beverly, MA 01915
$539,900
Est. $5,178/month
Estimate assumptions

20% down, a 30-year loan at 6.5%, and $200/month estimated insurance.

Includes the supplied property-tax and HOA inputs; missing inputs contribute $0. HOA fees with an unspecified frequency are treated as monthly. PMI and closing costs are excluded.

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15,000
Sq Ft
$36
Price/Sq Ft
1.50
Acres
2004
Year Built
New today
Time on Market
For Sale Listed Oct 29, 2026 • MLS# 73596781 Copied! • Updated Oct 29, 2026

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About this home

Excellent investment opportunity in Beverly! Offered at $539,900, this commercial condominium generates $64,800 in annual rental income from established national tenant MyEyeDr. The current lease extends through December 2030, with an additional 5-year renewal option through December 2035. If exercised, the renewal option increases monthly rent from $5,400 to $5,832 ($69,984 annually). Located along highly visible Cabot Street, the property offers excellent street presence, ample nearby parking, and convenient access to Route 128, Route 62, and downtown Beverly. Professionally managed condominium association handles exterior maintenance and common areas, providing a low-maintenance investment opportunity. Ideal for investors seeking an established medical/office tenant, predictable rental income, and long-term investment potential. Buyer and buyer's agent to perform all due diligence.

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Recently Sold Nearby

Price & Status History

Property Timeline

🏠
Listed for Sale
Oct 29, 2026
$539,900
Original listing
Agent: Shawn Blades Office: Re/Max Innovative Properties

Tax History

Year Taxes Assessment
2026 $14,518 —

Financial Details

Annual Property Tax
$14,518
Tax Year 2026
HOA Fee
$1,038
Per month

Facts & Features

Home Facts

Type Commercial Sale
Year Built 2004
Living Area 15,000 sq ft
Lot Size 1.50 acres
Gross Income $64,800
Net Operating Income $37,826
Operating Expenses $26,974
Cap Rate 7.01%
Heating None
Cooling None
Flooring None
Appliances None
Fireplace None
Basement None
Laundry None
Features None
Construction None
Architecture None
Roof None
Features None
Pool None
Spa None
Fencing None
Patio/Porch None
Features None

Utilities

Electric None
Water None
Sewer None
Gas None
Other None

Financial

Annual Tax $14,518
HOA Yes
HOA Fee $1,038
Fee Includes Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash
Amenities Elevator(s)
Optional Fee Includes None
Seller Disclosures 3 Deeded Parking Spaces For This Unit.
Possession None
Accepted Financing None
Structure Type []
Documents None
County Essex

Property Overview

Listing Type
For Sale
Year Built
2004
Living Area
15,000 sq ft

Floor Layout

Interior Features

Flooring:
Appliances:
Interior Features:
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Basement:
Laundry:
Security:

Construction & Materials

Year Built: 2004
Structure Type:
Exterior Materials:
Roof:
Foundation:

Utilities & Systems

Heating:
Cooling:
Hot Water:
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Sewer:
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Exterior & Lot

Exterior Features:
Patio & Porch:
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Parking & Garage

Parking Features:
School District
Beverly School District local
B+
✓ School Safety 2024-25
1.3% Average
1.3% Suspensions 1.3% In-School
↓ 4.2% below state avg
E

Elementary Schools

10 schools
Shore Country Day School
0.2 mi
Grades PK-09
The Saints Academy
0.4 mi
Grades PK-08
Hopeful Journeys Educational Center
0.6 mi
Grades PK-12
Children's Center for Communication School
0.7 mi
Grades PK-12
Harborlight-Stoneridge Montessori School
1.1 mi
Grades PK-08
Waldorf School at Moraine Farm
1.3 mi
Grades PK-08
New England Academy School
1.5 mi
Grades 05-12
Landmark School
2.1 mi
Grades PK-12
Glen Urquhart School
3.5 mi
Grades K-08
McKeown School
0.3 mi
118 students Moderate
Grades PK
M

Middle Schools

1 school
B+
Beverly Middle School
0.1 mi | #141 of 352 | Score: 45.2
Improved 23 spots from last year
-13 below state avg
1,417 students Moderate
Rising School
Grades 05-08
H

High Schools

2 schools
Waring School
2.0 mi
Grades 06-12
B
Beverly High School
0.3 mi | #155 of 346 | Score: 55.6
Dropped 45 spots from last year
-2.6 below state avg
1,181 students Moderate
17 sports • 1,774 athletes
Strong AP Program High Graduation Rate Career Tech Programs College Ready Curriculum
Grades 09-12
Learn about these ratings
School data provided by BMN Schools

Monthly Payment Calculator

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Loan Amount
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After down payment
Total Interest
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Over life of loan
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Including down payment
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Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $1,210
Homeowners Insurance $200
HOA Fee $1,038/mo
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

-0.5% Rate
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Current Rate
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+0.5% Rate
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Cost $0/mo

Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Location

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Neighborhood

495 Cabot St # 1, Beverly MA 01915

Beverly, MA 01915

Listing Information

Listing Agent Shawn Blades
Listing Office Re/Max Innovative Properties
Office Phone 978-452-4432
Agent MLS ID CN248634
Office MLS ID AN8201
Listing Data Updated Oct 29, 2026 7:36 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

Contact Us

Steve Novak Real Estate
Steve Novak Real Estate
BMN Boston Powered by SERHANT
mail@steve-novak.com
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