
31 Chipman Road Beverly — Photo 1 of 29
$774,900
Investment Analysis — 31 Chipman Road
Beverly, MA 01915
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 01915 carries an estimated $3,550/mo in gross rent — about a 3.31% cap rate and $25,649/yr in estimated NOI at the $774,900 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
2
SqFt
1,608
Style
Single Family
Built
1950
Open House Saturday and Sunday, 9/12 and 9/13, from 1 PM to 3 PM. A home filled with memories, waiting to welcome its next family. After over 60 years in the same family, this charming Cape-style home is ready for a new chapter. With four bedrooms, two full baths, and inviting spaces throughout, there is plenty of room to grow, gather and make memories of your own. The first floor features a spacious eat-in kitchen with a sunny three-season room just off the kitchen. The fireplace living room offers a cozy place to unwind, while two first floor bedrooms provide wonderful flexibility and could be perfect for a primary bedroom, guest room or home office. Mostly hardwood flooring adds warmth and classic character. Upstairs are two additional bedrooms and a full bath, providing comfortable space for family or guests. The finished playroom in the basement offers even more room for children to play, hobbies, or family activities and includes central air and heat. The home also features air conditioning for year-round comfort. Step outside to a totally fenced-in backyard, perfect for children, pets, outdoor gatherings, or simply enjoying time together. With great curb appeal and a welcoming feel, this special home has been lovingly enjoyed by one family for over 6 decades. Now it's time for you to make it your family home and begin creating memories that will last for years to come. This home offers the perfect combination of neighborhood charm and everyday convenience, just minutes from shops, restaurants, the commuter rail and Route 128. A wonderful opportunity in a great Beverly location. Updates: furnace 2016, water heater 2021, roof 2010, house painted 2025, recreation room rug 2023, washer/dryer and refrigerator 2025, oil tank 2001, central air 2007, fence 2003. Offers due Tuesday at 12 Noon.
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: 804 sq ft (the lesser of 900 sq ft or half the 1,608 sq ft principal dwelling). Lot size: 10,071 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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater • Water Heater • Range • Dishwasher • Disposal • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Pool • Tennis Court(s) • Golf • Medical Facility
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First19.75 x 11.5
Flooring - Hardwood, Window(s) - Picture
Dining Room
Lvl First8.333333333 x 10.916666666
Flooring - Vinyl
Kitchen
Lvl First14.333333333 x 10.916666666
Flooring - Vinyl, Dining Area, Pantry, Exterior Access
Primary Bedroom
Lvl First10.75 x 11.5
Closet, Flooring - Hardwood
Bedroom 2
Lvl First10.333333333 x 8.916666666
Bedroom 3
Lvl Second10.75 x 20.416666666
Flooring - Wall to Wall Carpet
Bedroom 4
Lvl Second12.25 x 20.416666666
Flooring - Wall to Wall Carpet
Bathroom 1
Lvl FirstBathroom - Full, Bathroom - With Tub & Shower, Closet - Linen
Bathroom 2
Lvl SecondBathroom - Full, Bathroom - With Shower Stall
Listing Agent: Carol Beatrice
Listing Office: Real Broker MA, LLC
MLS® Number: 73575909
