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8 May Street Beverly — Photo 1 of 27

8 May Street Beverly — Photo 1 of 27

$629,000

Investment Analysis — 8 May Street

Beverly, MA 01915

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-bedroom in 01915 carries an estimated $2,680/mo in gross rent — about a 2.92% cap rate and $18,340/yr in estimated NOI at the $629,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

2

Baths

2

SqFt

1,297

Style

Single Family

Built

1900

Leave the car at home and enjoy the best of Beverly from this exceptionally convenient location, with downtown, beaches, parks, cafés, entertainment, and the commuter rail all nearby. Just moments from the Cove and Lynch Park, this thoughtfully maintained home offers three bedrooms—one on each level—and a flexible layout ideal for everyday living, guests, or extended family. The spacious second-floor primary suite is filled with natural light and features a private bath and generous walk-in closet. The updated eat-in kitchen offers granite countertops, stainless-steel appliances, water filtration, disposal, and a slider to the deck and backyard—perfect for casual dining and summer entertaining. The finished lower level includes a comfortable carpeted room currently used as a guest bedroom, with direct walk-out access to the beautifully established yard. Mature fruit trees, native plantings, and a vegetable garden create a private and inviting outdoor setting. A distinctive glass-door vestibule separates the main living spaces from the upper and lower levels, providing added privacy for guests or extended stays. Additional features include abundant lower-level storage, laundry hookups, and three mini-split systems for year-round heating and cooling. A hybrid smart water heater for efficiency. With downtown Beverly, the coastline, and commuter rail service to Boston all nearby, this well-cared-for home offers flexible living in a location that makes it easy to enjoy all that Beverly has to offer.

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: 649 sq ft (the lesser of 900 sq ft or half the 1,297 sq ft principal dwelling).

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.

Open Houses

Property Details

Financials

Original Price$629,000
Annual Taxes$6,102

Parking

Garage0
Off-Street2

Interior Specifications

Total Rooms5
FireplacesNone
FlooringWood, Vinyl
BasementFull, Partially Finished, Walk-Out Access, Interior Entry, Concrete

Climate & Utilities

HeatingBaseboard, Heat Pump, Natural Gas
CoolingHeat Pump, Ductless
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningCC

Property & Lot

Acres--
SqFt Lot0.05
Lot FeaturesEasements

Amenities & Appliances

Electric Water Heater • Range • Dishwasher • Disposal • Microwave • Refrigerator

Neighborhood

Public Transportation • Shopping • Park • Walk/Jog Trails • Medical Facility • Bike Path

Geography

Floorplan Breakdown

Structural Layout

Second
Primary BedroomBathroom 2
First
Living RoomKitchenBedroom 2Bathroom 1
Basement
Bedroom 3
Living Room
Lvl First

Closet, Flooring - Hardwood, Cable Hookup, Exterior Access, Lighting - Overhead, Vestibule

Kitchen
Lvl First

Flooring - Laminate, Cabinets - Upgraded, Deck - Exterior, Exterior Access, Second Dishwasher, Lighting - Overhead

Primary Bedroom
Lvl Second

Bathroom - 3/4, Ceiling Fan(s), Walk-In Closet(s), Flooring - Wood, Lighting - Overhead

Bedroom 2
Lvl First
Bedroom 3
Lvl Basement

Closet

Bathroom 1
Lvl First
Bathroom 2
Lvl Second
Listing Provided By

Listing Agent: The Susan Schale Team

Listing Office: Keller Williams Realty Evolution

MLS® Number: 73577052