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7-R W Dane St, Beverly MA 01915

$819,999

Estimated $1,914/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $409,999.50

Total Rent: 19200/year

Estimated CAP Rate:

4 Bedrooms

Baths

1801

Total Parking: 8 (2 Garage)

8,625 (0.20)

RARE BEVERLY INVESTMENT & DEVELOPMENT OPPORTUNITY! 7-R West Dane Street is not your typical two-family. Set on an unusually large approximately 8,625 sq. ft. (0.20-acre) lot in Beverly’s desirable CC (Central Business) zoning district, this property offers an exceptional combination of immediate income potential, owner-occupant possibilities and exciting future development potential. The existing two-family provides flexibility from day one: the first-floor unit is vacant and ready for renovation or occupancy, while the second-floor unit is currently occupied by a month-to-month tenant. The property needs updating, giving its next owner the opportunity to renovate, reposition and unlock additional value. What truly sets this property apart is the LAND and ZONING. The CC district is designed to support Beverly’s central commercial core and allows a variety of residential, commercial and mixed-use possibilities, subject to applicable requirements and approvals. Investors and developers should take a serious look at what may be possible with a lot of this size in this location. Additional features include a large basement, two-car garage, expansive driveway providing valuable off-street parking, spacious backyard, water fountain and even a chicken coop. Whether you're looking for a two-family to renovate and hold, an owner-occupied property with rental income, or your next development project, opportunities combining this much land, existing improvements and flexible CC zoning are hard to find in Beverly. Property sold as-is. Buyer and buyer’s agent to perform all due diligence regarding zoning, development potential, permitted uses, measurements and property information. If you know a developer or investor – forward this to them. Very rare opportunity.

This home has been viewed 35 times

Last Checked: September 30th, 2026 at 7:18am (Source: MLS PIN #73556786)

Gross Income: $19,200

Gross Expenses: $7,007

Net Income Calc: $12,193

Annual Expenses for 7-R W Dane St, Beverly MA 01915

Total Gross Expenses (Calculated)$7,007/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax7007

Annual Income & Unit Breakdown for 7-R W Dane St, Beverly MA 01915

Total Gross Income (Calculated)$19,200

Unit 1

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseY

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

Rent Includes

General Information for 7-R W Dane St, Beverly MA 01915

Listing ID73556786

Property TypeMulti Family / 2 Family

Price819999 ($455.3/SqFt)

Style2 Family - 2 Units Up/down

CityBeverly

CountyEssex

Neighborhood(s)Ipswich

Approximate Living Area Total1801

Approximate Lot Size (Acres)0.2

Total Parking8 (2 Garage)

Garage Parking2

Year Built1900

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof Material

BasementFull

Construction MaterialsFrame

Lot Features

Foundation Description

Accessible Features

Outdoor Space

ZoningCC

Water Views

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 7-R W Dane St, Beverly MA 01915

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsWine Refrigerator

Financial Data Source

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Compensation Based On

Financial Information for 7-R W Dane St, Beverly MA 01915

Real Estate Taxes7007

Tax Year2025

Assessed Value$637,600

Financial Data Source

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 7-R W Dane St, Beverly MA 01915

Neighborhood(s)Ipswich

Area Amenities

Contact Information for 7-R W Dane St, Beverly MA 01915

Agent

Name: Brian Averback

Office

Name: Century 21 North East

Phone: 781-286-8900

Team Members

Payment Calculator

, Interest

Property Taxes 583.92

Principal & Interest 5052.57

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Century 21 North East

Brian Averback

Agent Phone

Office Phone

(781) 286-8900

Text Agent Call Agent Call Office

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EXIT

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