
40 Hillside Ave Beverly — Photo 1 of 42
$995,900
Investment Analysis — 40 Hillside Ave
Beverly, MA 01915 — Ryal Side
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 01915 carries an estimated $3,210/mo in gross rent — about a 2.14% cap rate and $21,281/yr in estimated NOI at the $995,900 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2
SqFt
2,920
Style
Single Family
Built
1934
This exceptional home offers a rare combination of privacy, flexible living space, thoughtful custom upgrades, and outstanding indoor/outdoor amenities. Set on a large, fully fenced lot with mature trees, the property features a custom gated entrance, expansive driveway with abundant parking, and an oversized garage. Inside, the custom open-concept main living area seamlessly connects the kitchen, dining, and living spaces. The kitchen is highlighted by a custom center island with seating for four, while the living room showcases a striking custom entertainment wall with linear electric fireplace, illuminated built-in shelving, and stonework designed to complement the kitchen backsplash. The generously sized primary bedroom features two exceptionally large walk-in closets. A truly unique feature is the approximately 500 sq. ft. fully finished and insulated garage, complete with heating and cooling and ample room for two full-size SUVs, currently utilized as a home gym. Above the garage is an additional 500+ sq. ft. of finished flex space, currently used as a game and entertainment room and ideal for a media room, home office, playroom, studio, or other flexible use. Smart thermostats are installed throughout, including the garage. The home's main heating and cooling system was replaced in December 2022. A beautifully designed property offering exceptional space, versatility, privacy, and custom features throughout.
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 2,920 sq ft principal dwelling). Lot size: 11,596 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 • Microwave • Refrigerator
Neighborhood
Public Transportation • Shopping • Park • Golf • Medical Facility • Laundromat
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,First13 x 20
Flooring - Hardwood, Deck - Exterior, Exterior Access, Open Floorplan, Recessed Lighting, Remodeled, Slider
Dining Room
Lvl Main,First12 x 20
Flooring - Hardwood, Window(s) - Picture, Open Floorplan, Recessed Lighting, Remodeled, Lighting - Pendant
Kitchen
Lvl Main,First15 x 14.11
Flooring - Hardwood, Dining Area, Countertops - Stone/Granite/Solid, Countertops - Upgraded, Kitchen Island, Breakfast Bar / Nook, Open Floorplan, Recessed Lighting, Remodeled, Stainless Steel Appliances, Gas Stove, Lighting - Pendant
Family Room
Lvl Second21 x 23
Ceiling Fan(s), Flooring - Hardwood, Window(s) - Bay/Bow/Box, Recessed Lighting, Remodeled, Gas Stove
Master Bedroom
Lvl Second17 x 14.4
Flooring - Wall to Wall Carpet, Recessed Lighting, Remodeled, Closet - Double
Bedroom 2
Lvl Second10 x 14
Bedroom 3
Lvl Second11 x 14
Closet, Flooring - Hardwood, Recessed Lighting, Remodeled
Bathroom 1
Lvl Main,First10 x 7
Bathroom - Full, Bathroom - Tiled With Tub & Shower, Closet, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Countertops - Upgraded, Recessed Lighting, Remodeled
Bathroom 2
Lvl Second8 x 9
Bathroom - Full, Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile, Countertops - Upgraded, Recessed Lighting
Listing Agent: Richard Powers
Listing Office: Toner Real Estate, LLC
MLS® Number: 73563395
