7-11 Wallis St, Beverly, MA, 01915
Photo 2

$1,885,000

Active

7-11 Wallis St

Beverly, MA 01915

0Beds
0Baths
6,722Sq Ft
Built 1860Commercial Sale0.1 Acres Parking Days on Market

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.

7-11 Wallis St, Beverly, MA, 01915Open in Maps →
Property TypeCommercial Sale
Year Built1860
MLS #73531691
StatusActive
Living Area6,722 sqft
Lot Size0.1 acres
Annual Tax$12,290.11

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Mortgage Calculator

$11,567/mo

Principal & Interest$9,532
Property Tax$1,885
Insurance$150
Home Price$1,885,000
Down Payment20% ($377,000)

Listing Information

MLS #: 73531691
Source: MLS PIN

Est. Monthly Payment

$12,121/mo

Based on 20% down, 30yr fixed at 6.5%

Principal & Interest$9,546
Property Tax$1,024