Duplex with Two-Car
For Sale
$819,999
7- R W Dane St, Beverly, MA 01915
CC-zoned duplex with one vacant unit and one month-to-month tenancy.
Property Size1,801 SF
Lot Size0.20 Acres
Price / SF$455.30
Days on Market60
Property Features for 7- R W Dane St
General Information
Standard status
Active
Size
1,801 SF
Lot size
0.20 Acres
Property subtype
Multi-Family
Zoning
CC
Property Condition
Severity
Repairs Needed
Evidence
The property needs updating
Land
Land Use
residential
Entitled
No
Amenities
basement
garage
driveway
backyard
water fountain
chicken coop
Building Details
Year Built
1900
Listing Agency:
Century 21 North East
Listed By:
Brian Averback
(978) 836-2745
Source:
Gooddeedsrealtypartners
Added: Aug 17
Changed: Oct 1
Last Checked: Oct 7 at 1:01PM
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 Century 21 North East
Investment Insights
Based on property information with market context.
This two-family property includes 1,801 square feet of living area and sits on an approximately 8,625-square-foot, 0.20-acre lot. Built in 1900, the property requires updating and is offered as-is. The first-floor unit is vacant, while the second-floor unit has a month-to-month tenant, creating flexible occupancy options for an owner or investor. A large basement, two-car garage, expansive driveway, and spacious backyard add functional value, with a water fountain and chicken coop also on the property.
The property is located in Beverly’s CC (Central Business) zoning district, which supports residential, commercial, and mixed-use possibilities subject to applicable requirements and approvals. Buyers and their agents are responsible for confirming zoning, permitted uses, development potential, dimensions, and other property information.
The property is located in Beverly’s CC (Central Business) zoning district, which supports residential, commercial, and mixed-use possibilities subject to applicable requirements and approvals. Buyers and their agents are responsible for confirming zoning, permitted uses, development potential, dimensions, and other property information.
Key Highlights
- Duplex with 1,801 square feet of living area
- Approximately 8,625‑square‑foot (0.20‑acre) lot
- CC (Central Business) zoning district
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,340
Cap Rate
3.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$606,800
$606.8K
Cap Rate 7%
$433,429
$433.4K
Cap Rate 9%
$337,111
$337.1K
Market Conditions
NOI Build-Up for 1,801 SF
Gross rent
$45.4K $25.20/SF
− Vacancy
−$2.0K −$1.13/SF
EGI
$43.3K $24.07/SF
− OpEx
−$13.0K −$7.22/SF
NOI
$30.3K $16.85/SF
Area
Essex County, MA
Vacancy
4.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$606,800
Cap Rate 7%
$433,429
Cap Rate 9%
$337,111
Alternative Uses
Best Use
Multifamily LT 5
$433.4K
$379.3K – $505.7K
NOI $30,340 @ 7.0% cap · market cap 3.70%
Second Best
Apartment 5plus
$391.2K
$342.3K – $456.5K
NOI $27,387 @ 7.0% cap · market cap 3.34%
Theoretical Best
Office A
$1.07M
$932.9K – $1.24M
NOI $74,633 @ 7.0% cap · market cap 9.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,527
Businesses Nearby
Explore this area
Business Placement
Demographics for 01915, MA
42,341
Population
17,318
Households
2.4
Avg Household Size
40
Median Age
51%
College-Educated
97%
High-School Grad
14.2 sq mi
ZIP Area
2,982
Density / Sq Mi
$102,347
Median Household Income
$57,989
Median Earnings
$1,684
Median Rent
$619,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - CC-zoned duplex with one vacant unit and one month-to-month tenancy.
Where is this duplex located?
The property is located at 7- R W Dane St Beverly, MA.
What is the asking price?
The asking price for this property is $819,999.
What are key features of this property?
This property features: Duplex with 1,801 square feet of living area; Approximately 8,625‑square‑foot (0.20‑acre) lot; CC (Central Business) zoning district
