Active

6 Days on market

15 Myrtle St Beverly — Photo 1 of 36

$549,000

Investment Analysis — 15 Myrtle St

Beverly, MA 01915

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 01915 carries an estimated $3,210/mo in gross rent — about a 4.19% cap rate and $23,019/yr in estimated NOI at the $549,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

1.5

SqFt

1,408

Style

Single Family

Built

1800

What a charmer! This much-loved colonial cottage is beautifully sited on a one-way street with perfect proximity to Beverly's vibrant downtown. Enter through the welcoming gate to your private patio and secret garden for easy outdoor relaxing, grilling, sipping coffee or reading with minimal care. Generous eat-in kitchen features warm hardwood flooring, stainless appliances, loads of refreshed cabinetry and ample counterspace for cooking and preparing meals. Adjacent dining area could multi-function as reading den or home office if needed...so many options here. The whole of the interior has just been painted in warm modern, neutral hue and brand new carpeting has been installed throughout second level. Living room w/hardwood shows well and opens to the impressive sunroom /family room with vaulted ceilings, recessed lighting, new ceiling fan, skylights, sliders and an abundance of natural light. Gathering in this warm space will be a delight to your friends and family. Conveniently located half bath on main level. Three bedrooms on second level anchor the large main bath with soaking tub and separate shower stall. This " best value" home in Beverly beckons you to settle right in and enjoy, and is positioned to let you customize any updates you may want or need in the future. Basement offers lots of storage, laundry room and bonus room for possible future playroom, den or home office. Potential galore in this warm, and inviting home This must-see property will not last.

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: 704 sq ft (the lesser of 900 sq ft or half the 1,408 sq ft principal dwelling). Lot size: 2,435 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.