7-R W Dane St, Beverly MA 01915
Beverly, MA 01915
$849,999
Est. $5,082/month
Open House Schedule
08
Aug
Saturday, August 8
11:00 AM - 1:00 PM EDT
About this home
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.OPEN HOUSE 8/8 WILL BE ONLY SHOWING!! We are expecting a lot of offers. Offers due 5PM - 8/10. If you know a developer or investor – forward this to them. Very rare opportunity.
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Property History
Property Timeline
Listed for Sale
Jul 30, 2026
$849,999
Original listing
Office: Century 21 North East
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 07/30/2026 | 🏠 Listed for Sale | $849,999 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $7,007 | $637,600 |
Financial Details
Annual Property Tax
$7,007
Tax Year 2025
Assessed Value
$637,600
Facts & Features
2 Car Garage
Central AC
Home Facts
Type
Residential Income
Style
2 Family - 2 Units Up/Down
Year Built
1900
Living Area
1,801 sq ft
Lot Size
0.20 acres
Bedrooms
4
Full Baths
2
Total Rooms
9
Investment Metrics
Units
2
Unit 1 Rent
— · N
Unit 2 Rent
$1,600/mo · Y
Total Monthly Rent
$1,600/mo
Gross Income
$19,200
Net Operating Income
$19,200
Cap Rate
2.26%
Interior
Heating
Forced Air, Oil, Natural Gas
Cooling
Central Air, Window Unit(s)
Flooring
Wood, Tile, Carpet, Varies, Laminate
Appliances
Washer, Range, Dishwasher, Refrigerator, Freezer
Fireplace
None
Basement
Full, Walk-out Access, Bulkhead, Concrete
Laundry
None
Features
Laundry Room, Ceiling Fan(s), Pantry, Living Room, Kitchen
Exterior
Construction
Brick, Stone
Architecture
None
Roof
None
Features
Garden
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Garage Spaces
2
Has Garage
Yes
Features
Paved Drive, Off Street
Total Spaces
6
Utilities
Electric
110 Volts
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$7,007
Assessed Value
$637,600
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Seller Disclosures
To The Best Of My Knowledge, The Information Provided In This Seller’s Disclosure Is True And Accurate As Of The Date Signed. I Have Disclosed All Known Material Defects And Conditions Affecting The Property.
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
House Color
White
Sq Ft Source
Public Record
Sq Ft Disclosures
Upstairs Unit can have either 2 bedrooms or 1 Bedroom and a living room.
Documents
None
County
Essex
Property Overview
Property Type
2 Family - 2 Units Up/Down
Listing Type
For Sale
Year Built
1900
Bedrooms
4
Full Bathrooms
2
Living Area
1,801 sq ft
Total Rooms
9
Stories
2
Levels
2
Floor Layout
Interactive room guide
Floor Layout
Finished Area
1,801 sq ft above grade
Display Options
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Wood, Tile, Carpet, Varies, Laminate
Appliances:
Washer, Range, Dishwasher, Refrigerator, Freezer
Interior Features:
Laundry Room, Ceiling Fan(s), Pantry, Living Room, Kitchen
Windows:
Basement:
Full, Walk-Out Access, Bulkhead, Concrete
Laundry:
Security:
Construction & Materials
Year Built:
1900
Structure Type:
Exterior Materials:
Brick, Stone
Roof:
Foundation:
Stone, Brick/Mortar
Stories:
2
Heating, Cooling & Utilities
Heating:
Forced Air, Oil, Natural Gas
Cooling:
Central Air, Window Unit(s)
Hot Water:
Natural Gas
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Garden
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:
Parking & Garage
Garage Spaces:
2
Total Parking Spaces:
6
Parking Features:
Paved Drive, Off Street
Nearby Schools
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
Elementary Schools
10 schools
Children's Center for Communication School
1.1 mi
Grades PK-12
Harborlight-Stoneridge Montessori School
1.2 mi
Grades PK-08
Landmark School
1.4 mi
Grades PK-12
Shore Country Day School
1.5 mi
Grades PK-09
The Saints Academy
1.5 mi
Grades PK-08
Hopeful Journeys Educational Center
1.7 mi
Grades PK-12
Waldorf School at Moraine Farm
2.5 mi
Grades PK-08
New England Academy School
2.6 mi
Grades 05-12
Glen Urquhart School
3.2 mi
Grades K-08
Bright Horizons
0.8 mi
Grades PK-K
Middle Schools
1 school
B+
Beverly Middle School
1.3 mi
|
#140 of 352
|
Score: 45.2
Improved 24 spots from last year
-13.1 below state avg
1,388 students
Moderate
Rising School
Grades 05-08
High Schools
2 schools
Waring School
2.0 mi
Grades 06-12
B
Beverly High School
1.1 mi
|
#149 of 346
|
Score: 55.7
Dropped 39 spots from last year
-2.5 below state avg
1,213 students
Moderate
17 sports
• 1,774 athletes
Strong AP Program
High Graduation Rate
Career Tech Programs
College Ready Curriculum
Grades 09-12
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Monthly Payment Breakdown
Principal & Interest
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Property Tax
$584
Homeowners Insurance
$200
PMI (if <20% down)
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Loan Summary
Total of 360 payments
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Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
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Location
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Neighborhood
7-R W Dane St, Beverly MA 01915
Beverly, MA 01915
Listing Information
Listing Agent
Brian Averback
Listing Office
Century 21 North East
Office Phone
781-286-8900
Agent MLS ID
CN203355
Office MLS ID
AN4347
Listing Data Updated
Jul 29, 2026 8:21 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
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