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    Property profile & analytics

    15 River St Beverly, MA 01915

    • Investment properties
    • 3,905 SF
    • 0.15 lot acres
    For Sale
    View listing
    $1,450,000
    Value Estimation
    Location Intelligence
    Property ID
    US38-0244514
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Investment properties

    Property Details for 15 River St

    Year built
    1880
    Construction
    FRAME
    Lot size
    0.15 lot acres
    Property size
    3,905 SF
    Zone code
    IG
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    BEVE M:0004 B:0064 L:
    APU
    BEVEM0004B0064L

    Description

    This exceptional mixed-use property in desirable Beverly, MA, presents a lucrative investment opportunity. Situated on a 0.15-acre lot at 15 River Street, this property seamlessly blends residential and commercial uses. The charming multi-family home comprises three distinct rental units, offering immediate income potential. Adjacent to the residence is a substantial three-bay garage, currently utilized as an auto repair shop (business not included in sale). The property's prime location near the commuter rail and major highways ensures convenient access for both residents and commercial operations. This strategic positioning maximizes accessibility and appeal to a wide range of tenants. The property's versatility allows for diverse income streams and potential for future development or expansion. This is an ideal investment for those seeking a blend of residential and commercial income, offering a strong return on investment in a thriving Massachusetts community. The property is being sold as-is. The square footage is not currently available. Serious inquiries only.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Beverly
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.8866
    Latitude
    42.5443
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $0.00
    $251,300
    $337,300
    $588,600
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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    • Value Estimation by Request
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      719-721 Hale St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,706 SF
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      View Details

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    15 River St
    Beverly, MA 01915
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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