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Active

261 Rantoul St, Beverly MA 01915

$849,900

Estimated $1,949.41/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $283,300

Total Rent: 0/year

Estimated CAP Rate: -0.81%

5 Bedrooms

2 Full, 2 Half Baths

3,231 SqFt

Total Parking: 3 (1 Garage)

2,522 SqFt

On the corner of Federal and Rantoul, 261 Rantoul St delivers a rare mixed-use opportunity in one of Beverly’s strongest growth corridors. This ±3,300 sq ft building has a high-visibility storefront, two residential units, and an oversized garage with a full basement. With flexible use options this property has a lot of potential. A brand new 400-amp electrical system and updated fire alarm systems. Steps from Beverly Depot, the property sits surrounded by new development and consistent commercial demand.For investors, commercial corridor rents commonly reaching $20–$30 per sq ft depending on condition and strong multifamily performance in the surrounding blocks. For end users, the combination of storefront exposure, on-site housing, garage and storage capacity, and walk-to-train access creates a practical footprint that’s increasingly hard to find in downtown Beverly. 261 Rantoul St stands out as a versatile mixed-use asset ready for repositioning, owner-occupancy, or redevelopment.

This home has been viewed 10 times

Last Checked: December 8th, 2025 at 5:48am (Source: MLS PIN #73459598)

Gross Income: $0

Gross Expenses: $6,855

Net Income Calc: $6,855

CAP Rate: -0.81%

Annual Expenses for 261 Rantoul St, Beverly MA 01915

Total Gross Expenses (Calculated)$6,855/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$6,855.56

Annual Income & Unit Breakdown for 261 Rantoul St, Beverly MA 01915

Total Gross Income (Calculated)$0

Unit 1

Rental Income$0

LeaseN

Bedrooms0

Bathrooms1 Half

Floor1

Levels in Unit1

HeatingYes

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent Includes

Unit 3

Rental Income$0

Lease

Bedrooms4

Bathrooms1 Full, 1 Half

Floor2

Levels in Unit1

HeatingYes

Rent Includes

General Information for 261 Rantoul St, Beverly MA 01915

Listing ID73459598

Property TypeMulti Family / 3 Family

Price$849,900 ($263.05/SqFt)

Style3 Family

CityBeverly

CountyEssex

MLS Area

Neighborhood(s)Ipswich

Approximate Living Area Total3,231 SqFt

Approximate Lot Size (Acres)0.06 acres

Total Parking3 (1 Garage)

Garage Parking1 / Detached

Year Built1900

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesCorner Lot, Zero Lot Line

Foundation Area1485

Foundation DescriptionStone,Granite

Accessible Features

Outdoor SpaceDeck, Patio, Porch

ZoningCC

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront FeaturesRiver, Harbor, Beach Ownership(public), 3/10 To 1/2 Mile To Beach

Energy FeaturesInsulated Windows, Storm Window(s)

Terms

Disclosures for 261 Rantoul St, Beverly MA 01915

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$0

Total Net Income By Broker$0

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation

Facilitator Compensation

Sub-Agent Compensation

Compensation Based On

Financial Information for 261 Rantoul St, Beverly MA 01915

Real Estate Taxes$6,855.56

Tax Year2025

Assessed Value$623,800

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$0

BostonRealEstate.com Gross Income

Total Net Income By Broker$0

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)-0.81%

Location Information for 261 Rantoul St, Beverly MA 01915

Elementary SchoolEdwards

Middle SchoolBriscoe

High SchoolBeverly

Neighborhood(s)Ipswich

MLS Area

Area AmenitiesWalk/jog Trails, Shopping, Park, Laundromat, Bike Path, Public Transportation, T-station, Marina, University, Sidewalks

Contact Information for 261 Rantoul St, Beverly MA 01915

Agent

Name: Davis McVay

Office

Name: Keller Williams Realty Evolution

Phone: 978-927-8700

Team Members

Name: Christian Smith

Phone: 978-480-8571

Payment Calculator

, Interest

Property Taxes 571.3

Principal & Interest 5236.81

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Keller Williams Realty Evolution

Davis McVay

Agent Phone

Office Phone

(978) 927-8700

Text Agent Call Agent Call Office

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[terms] => Array
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[timber_acres] => None
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[uffi] => Array
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EXIT

Active

261 Rantoul St, Beverly MA 01915

$849,900

Annual Expenses for 261 Rantoul St, Beverly MA 01915

Annual Income & Unit Breakdown for 261 Rantoul St, Beverly MA 01915

General Information for 261 Rantoul St, Beverly MA 01915

Disclosures for 261 Rantoul St, Beverly MA 01915

Financial Information for 261 Rantoul St, Beverly MA 01915

Location Information for 261 Rantoul St, Beverly MA 01915

Contact Information for 261 Rantoul St, Beverly MA 01915

Agent

Office

Team Members

Payment Calculator

Exclusive Listing Agent

Keller Williams Realty Evolution

Davis McVay