Two-Family Property with Two-Car
New
For Sale
$849,999
7-R W Dane St, Beverly, MA 01915
CC zoning supports residential, commercial, and mixed-use possibilities subject to applicable requirements and approvals.
Property Size1,801 SF
Price / SF$471.96
Days on Market6
Property Features for 7-R W Dane St
General Information
Standard status
Active
Size
1,801 SF
Property subtype
2 Family - 2 Units Up/Down
Building Details
Year Built
1900
Listing Agency:
Century 21 North East
(978) 836-2745
Listed By:
Brian Averback
(978) 836-2745
Source:
Lockandkeyre
Added: Jul 29
Changed: Aug 2
Last Checked: Aug 2 at 6:42AM
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 1,801-square-foot two-family property includes a vacant first-floor unit and a second-floor unit occupied by a month-to-month tenant. The building requires updating and is being offered as-is, with a large basement, two-car garage, expansive driveway, and backyard. A water fountain and chicken coop are also located on the property.
The parcel contains approximately 8,625 square feet, or 0.20 acres, within Beverly’s CC (Central Business) zoning district. That district supports a range of residential, commercial, and mixed-use possibilities, subject to applicable requirements and approvals. The combination of existing residential improvements, off-street parking, and central-business zoning provides a flexible property profile for renovation, continued two-family use, or evaluation of future development options. Buyers and their agents are responsible for verifying zoning, permitted uses, measurements, and development potential.
The parcel contains approximately 8,625 square feet, or 0.20 acres, within Beverly’s CC (Central Business) zoning district. That district supports a range of residential, commercial, and mixed-use possibilities, subject to applicable requirements and approvals. The combination of existing residential improvements, off-street parking, and central-business zoning provides a flexible property profile for renovation, continued two-family use, or evaluation of future development options. Buyers and their agents are responsible for verifying zoning, permitted uses, measurements, and development potential.
Key Highlights
- Two‑family property with 1,801 square feet of building area
- Approximately 8,625‑square‑foot lot, or 0.20 acres
- CC (Central Business) zoning district
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 | $45.4k | $25.20 |
| − Vacancy | −$2.0k | −$1.13 |
| EGI | $43.3k | $24.07 |
| − OpEx | −$13.0k | −$7.22 |
| NOI | $30.3k | $16.85 |
1,801 SF · lease $25.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$433.4K
$379.3K – $505.7K
NOI $30,340 @ 7.0% cap · market cap 3.57%
Second Best
Apartment 5plus
$391.2K
$342.3K – $456.5K
NOI $27,387 @ 7.0% cap · market cap 3.22%
Theoretical Best
Office A
$1.07M
$932.9K – $1.24M
NOI $74,633 @ 7.0% cap · market cap 8.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,551
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 zoning supports residential, commercial, and mixed-use possibilities subject to applicable requirements and approvals.
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 $849,999.
What are key features of this property?
This property features: Two‑family property with 1,801 square feet of building area; Approximately 8,625‑square‑foot lot, or 0.20 acres; CC (Central Business) zoning district
