Mixed-Use Corner Building with
261 Rantoul Street Beverly, MA 01915
261 Rantoul Street, Beverly, MA, 01915
$799,000
For Sale
$799,000
Corner mixed-use building with a high-visibility storefront, two residential units, and oversized garage with full basement.
Property Size3,231 SF
Price / SF$247.29
Days on Market235
Property Features for 261 Rantoul Street
General Information
- Standard status
- Active
- Size
- 3,231 SF
- Property subtype
- Multi-family / 3 Family
Building Details
- Year Built
- 1900
Listing agency
Keller Williams Realty Evolution
(978) 992-4050
Listed by
Davis McVay · License #9586649
(978) 992-4050
Source
Compass
Added: Nov 30, 2025 Updated: Jul 22 at 10:02PM Checked: Jul 22 at 10:02PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Evolution
Investment Insights
Based on property information with market context.
Located on the corner of Federal and Rantoul, 261 Rantoul Street in Beverly offers a mixed-use configuration with a high-visibility storefront, two residential units, and an oversized garage supported by a full basement. The building also includes a brand new 400-amp electrical system and updated fire alarm systems.
The property is steps from Beverly Depot, positioning the storefront for strong day-to-day visibility. It is well-suited for owner-occupancy or those seeking a flexible downtown-style footprint that combines retail frontage with on-site housing and substantial garage and storage space.
The property is steps from Beverly Depot, positioning the storefront for strong day-to-day visibility. It is well-suited for owner-occupancy or those seeking a flexible downtown-style footprint that combines retail frontage with on-site housing and substantial garage and storage space.
Key Highlights
- Corner mixed‑use building on Federal and Rantoul Sts with a high‑visibility storefront
- Total building size of 3,300 sq ft with two residential units
- Oversized garage plus full basement included
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $81.4k | $25.20 |
| − Vacancy | −$3.7k | −$1.13 |
| EGI | $77.8k | $24.07 |
| − OpEx | −$23.3k | −$7.22 |
| NOI | $54.4k | $16.85 |
3,231 SF · lease $25.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$777.6K
$680.4K – $907.2K
NOI $54,430 @ 7.0% cap · market cap 6.81%
Second Best
Retail
$758.4K
$663.6K – $884.8K
NOI $53,087 @ 7.0% cap · market cap 6.64%
Theoretical Best
Office A
$1.91M
$1.67M – $2.23M
NOI $133,892 @ 7.0% cap · market cap 16.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Corner mixed-use building with a high-visibility storefront, two residential units, and oversized garage with full basement.
Where is this duplex located?
The property is located at 261 Rantoul Street Beverly, MA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Corner mixed‑use building on Federal and Rantoul Sts with a high‑visibility storefront; Total building size of 3,300 sq ft with two residential units; Oversized garage plus full basement included
