Active
67 Days on market
2 Butman Street Beverly — Photo 1 of 42

2 Butman Street Beverly — Photo 1 of 42

$1,495,000

Investment Analysis — 2 Butman Street

Beverly, MA 01915

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 8-bedroom in 01915 carries an estimated $3,550/mo in gross rent — about a 1.37% cap rate and $20,489/yr in estimated NOI at the $1,495,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

8

Baths

2.5

SqFt

5,739

Style

Single Family

Built

1898

This grand 1898 Victorian stands as a prime example of late-Victorian architecture with two impressive towers and rare turn-of-the-century craftsmanship. Spacious front and back foyers connect at a central ornate stairway. High ceilings and curved archways frame transitions, emphasizing the generous proportions. In the living room, a stunning mahogany fireplace is balanced by architectural alcoves that flood the space with light. The layout includes a butler's pantry, mudroom with laundry, updated kitchen, and a secondary back stairway. Four of the upper bedrooms feature distinctive circular bays, two with built-in window seats. Outside is a substantial two-story carriage house, patio, and classic wrap-around porch. The exterior has just undergone extensive repair and painting. Positioned directly across from Beverly Commons, the home sits in a beautiful neighborhood blocks from Dane Street Beach, the downtown arts district, local dining, and the commuter rail.

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 5,739 sq ft principal dwelling). Lot size: 7,126 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.

Open Houses

Property Details

Financials

Original Price$1,495,000
Annual Taxes$11,887

Parking

Garage1
Off-Street3

Interior Specifications

Total Rooms13
Fireplaces1
FlooringWood, Tile, Hardwood, Flooring - Wood, Flooring - Hardwood, Flooring - Wall to Wall Carpet
BasementFull, Interior Entry, Bulkhead, Unfinished

Climate & Utilities

HeatingForced Air, Natural Gas
CoolingNone
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle, Rubber
FoundationStone
ZoningR6

Property & Lot

Acres0.16
SqFt Lot7,126
Lot FeaturesCorner Lot

Amenities & Appliances

Gas Water Heater • Water Heater • Range • Oven • Dishwasher • Microwave • Refrigerator • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails

Geography

Floorplan Breakdown

Structural Layout

Third
OfficeFamily RoomBedroom 5Bathroom 2
Second
Master BedroomBedroom 2Bedroom 3Bedroom 4Bathroom 1
First
Living RoomDining RoomKitchenBathroom 3
Living Room
Lvl First

16 x 40

Flooring - Wall to Wall Carpet, Pocket Door

Dining Room
Lvl First

16 x 16

Flooring - Wall to Wall Carpet, Pocket Door

Kitchen
Lvl First

13 x 14

Closet, Flooring - Wood, Pantry, Countertops - Stone/Granite/Solid, Kitchen Island, Remodeled, Wainscoting, Gas Stove

Office
Lvl Third

11 x 13

Closet, Flooring - Hardwood

Family Room
Lvl Third

28 x 14

Closet, Flooring - Wood

Master Bedroom
Lvl Second

16 x 20

Closet, Flooring - Wall to Wall Carpet

Bedroom 2
Lvl Second

15 x 19

Bedroom 3
Lvl Second

16 x 12

Closet, Flooring - Wood

Bedroom 4
Lvl Second

13 x 15

Closet, Flooring - Wall to Wall Carpet

Bedroom 5
Lvl Third

16 x 20

Closet, Flooring - Hardwood, Window Seat

Bathroom 1
Lvl Second

9 x 11

Bathroom - Full, Bathroom - Tiled With Tub & Shower

Bathroom 2
Lvl Third

9 x 6

Bathroom - Full, Bathroom - With Shower Stall, Flooring - Stone/Ceramic Tile

Bathroom 3
Lvl First

5 x 4

Bathroom - Half, Flooring - Stone/Ceramic Tile

Listing Provided By

Listing Agent: John Farrell

Listing Office: Coldwell Banker Realty - Beverly

MLS® Number: 73545998