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15 Millbrook Rd Beverly — Photo 1 of 41

15 Millbrook Rd Beverly — Photo 1 of 41

$997,000

Investment Analysis — 15 Millbrook Rd

Beverly, MA 01915

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 01915 carries an estimated $3,550/mo in gross rent — about a 2.32% cap rate and $23,128/yr in estimated NOI at the $997,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

4

Baths

2.5

SqFt

2,760

Style

Single Family

Built

1957

Beautiful Kitchen & Living Spaces, Spectacular Primary Suite, Exceptional Outdoor Living! This beautifully updated colonial offers 4 bedrooms plus a dedicated office, an impressive entertaining kitchen and living spaces, and an expansive patio designed for seamless indoor-outdoor living. Set in a desirable Beverly neighborhood, the home features a spacious, flexible layout that balances everyday comfort with exceptional entertaining space. At the heart of the home is a gorgeous chef’s kitchen with granite countertops, stainless steel appliances, a double-wide refrigerator, center island, and wet bar. The kitchen flows effortlessly into the dining and living spaces, including a formal dining room with gas fireplace and a sunken living room featuring a fireplace and dramatic cathedral ceilings. A first-floor bedroom, dedicated office, and half bath add exceptional flexibility for guests, family, or working from home. Upstairs, the spectacular primary suite serves as a true retreat, highlighted by custom built-ins, a generous walk-in closet, and a beautifully appointed ensuite bath. Two additional bedrooms and a second full bath complete the upper level. The finished lower level provides valuable additional living, laundry and dedicated storage space, while the fenced backyard creates a private outdoor escape with an expansive patio and mature landscaping—ideal for BBQ, Al Fresco dining, and relaxing. Additional highlights include central air conditioning, hardwood floors, multiple fireplaces, ample parking, and a turnkey condition. Thoughtfully updated and exceptionally versatile, this home offers the space, character, and indoor-outdoor living today's buyers are looking for in one of Beverly's established residential neighborhoods.

ADU Potential

Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 900 sq ft (the lesser of 900 sq ft or half the 2,760 sq ft principal dwelling). Lot size: 7,701 sq ft.

Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.

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Property Details

Financials

Original Price$997,000
Annual Taxes$9,248

Parking

Garage0
Off-Street4

Interior Specifications

Total Rooms7
Fireplaces2
Flooring--
BasementFull

Climate & Utilities

HeatingForced Air, Radiant, Oil
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningR15

Property & Lot

Acres0.18
SqFt Lot7,701
Lot FeaturesLevel

Geography

Listing Provided By

Listing Agent: Le Cao

Listing Office: BA Property & Lifestyle Advisors

MLS® Number: 73585181