
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.
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.
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Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & 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
Living Room
Lvl First16 x 40
Flooring - Wall to Wall Carpet, Pocket Door
Dining Room
Lvl First16 x 16
Flooring - Wall to Wall Carpet, Pocket Door
Kitchen
Lvl First13 x 14
Closet, Flooring - Wood, Pantry, Countertops - Stone/Granite/Solid, Kitchen Island, Remodeled, Wainscoting, Gas Stove
Office
Lvl Third11 x 13
Closet, Flooring - Hardwood
Family Room
Lvl Third28 x 14
Closet, Flooring - Wood
Master Bedroom
Lvl Second16 x 20
Closet, Flooring - Wall to Wall Carpet
Bedroom 2
Lvl Second15 x 19
Bedroom 3
Lvl Second16 x 12
Closet, Flooring - Wood
Bedroom 4
Lvl Second13 x 15
Closet, Flooring - Wall to Wall Carpet
Bedroom 5
Lvl Third16 x 20
Closet, Flooring - Hardwood, Window Seat
Bathroom 1
Lvl Second9 x 11
Bathroom - Full, Bathroom - Tiled With Tub & Shower
Bathroom 2
Lvl Third9 x 6
Bathroom - Full, Bathroom - With Shower Stall, Flooring - Stone/Ceramic Tile
Bathroom 3
Lvl First5 x 4
Bathroom - Half, Flooring - Stone/Ceramic Tile
Listing Agent: John Farrell
Listing Office: Coldwell Banker Realty - Beverly
MLS® Number: 73545998
