495 Cabot St #1

Beverly, MA 01915

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.

Listing last checked: October 30, 2026 at 12:21 PM EDTListing updated: October 29, 2026 at 7:36 PM EDT

Listed by Shawn Blades · Re/Max Innovative Properties · MLS #73596781

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Details at a glance

Interior1 property facts

Basement: Not reported

Building2 property facts

Style: Other
Year built: 2004

Land & utilities3 property facts

Lot size: 1.5 acres
Pool: Not reported
Zoning: CN

Financial3 property facts

Annual taxes: $14,518
Assessment year: 2026
HOA fee: $1,038 (billing period not supplied)

Location

Estimated monthly cost

Explore costs at the $539,900 asking price. Adjust the assumptions to your situation.

Known monthly costs$3,940 / monthAdjust

Down payment (%)Interest rate (%)Loan termMonthly property tax ($)Monthly insurance ($)Monthly HOA ($)

Principal & interest: $2,730
Property tax: $1,210
Insurance: Not entered
HOA: Not entered

Listing annual taxes: $14,518. Initial monthly tax is one twelfth of that amount. Listing HOA fee: $1,038. The billing period was not supplied; confirm the monthly amount before adding it.

Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.

The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.

Price and status timeline

Exp
$575,000 · Dec 12, 2025
Exp
$775,000 · Jun 20, 2025

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About 495 Cabot St #1

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Request a tour of 495 Cabot St #1 and a Bean Group agent will help coordinate an available time with the listing side.

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Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.

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Bean Group · eXp Realty

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non commercial use of consumers having a good faith interest in purchasing, leasing or renting 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, leasing or renting. 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, or as to the accuracy of any of the Images, set forth herein.

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