
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.
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.
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Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
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
Living Room
Lvl FirstCloset, Flooring - Hardwood, Cable Hookup, Exterior Access, Lighting - Overhead, Vestibule
Kitchen
Lvl FirstFlooring - Laminate, Cabinets - Upgraded, Deck - Exterior, Exterior Access, Second Dishwasher, Lighting - Overhead
Primary Bedroom
Lvl SecondBathroom - 3/4, Ceiling Fan(s), Walk-In Closet(s), Flooring - Wood, Lighting - Overhead
Bedroom 2
Lvl FirstBedroom 3
Lvl BasementCloset
Bathroom 1
Lvl FirstBathroom 2
Lvl SecondListing Agent: The Susan Schale Team
Listing Office: Keller Williams Realty Evolution
MLS® Number: 73577052