8 Colgate Rd Beverly — Photo 1 of 28
$659,900
Investment Analysis — 8 Colgate Rd
Beverly, MA 01915 — Raymond Farms
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 3.47% cap rate and $22,919/yr in estimated NOI at the $659,900 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2
SqFt
1,462
Style
Single Family
Built
1960
A wonderful opportunity to enjoy single-level living abutting the Beverly Golf Course! This charming three-bedroom, two-bath home features an open kitchen that flows seamlessly into the dining area. The inviting living room offers sliding doors leading to a deck and a peaceful, fenced-in backyard—perfect for relaxing or entertaining.Enjoy outdoor living with a patio and fire pit, along with plenty of space for gardening. An attached one-car garage provides added convenience and storage.Ideally located close to Henry’s Specialty Market and area schools, with Downtown Beverly just minutes away. Enjoy an array of fantastic restaurants, shops, parks, and beautiful beaches—all close to home!
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: 731 sq ft (the lesser of 900 sq ft or half the 1,462 sq ft principal dwelling). Lot size: 11,417 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 MLS and other third-party data may be inaccurate or out of date.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.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Electric Water Heater • Range • Dishwasher • Disposal • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Tennis Court(s) • Park • Golf • Medical Facility
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,First20 x 12
Wood / Coal / Pellet Stove, Flooring - Wall to Wall Carpet, Deck - Exterior, Slider
Dining Room
Lvl Main,First23 x 9
Skylight, Flooring - Engineered Hardwood
Kitchen
Lvl Main,First10 x 12
Flooring - Stone/Ceramic Tile, Countertops - Upgraded
Master Bedroom
Lvl First12 x 12
Bathroom - Full, Closet, Flooring - Wall to Wall Carpet
Bedroom 2
Lvl Main,First12 x 9
Bedroom 3
Lvl Main,First10 x 9
Closet, Flooring - Wall to Wall Carpet
Bathroom 1
Lvl FirstBathroom - Full, Bathroom - With Tub & Shower, Closet - Linen, Flooring - Stone/Ceramic Tile
Bathroom 2
Lvl FirstBathroom - Full, Bathroom - With Shower Stall, Flooring - Stone/Ceramic Tile
Listing Agent: Kathryn Tully
Listing Office: Century 21 North East
MLS® Number: 73568352
