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RARE BEVERLY INVESTMENT & DEVELOPMENT OPPORTUNITY! 7-R West Dane Street is not your typical two-family. Set on an unusually large approximately 8,625 sq. ft. (0.20-acre) lot in Beverly's desirable CC (Central Business) zoning district, this property offers an exceptional combination of immediate income potential, owner-occupant possibilities and exciting future development potential.The existing two-family provides flexibility from day one: the first-floor unit is vacant and ready for renovation or occupancy, while the second-floor unit is currently occupied by a month-to-month tenant. The property needs updating, giving its next owner the opportunity to renovate, reposition and unlock additional value.What truly sets this property apart is the LAND and ZONING. The CC district is designed to support Beverly's central commercial core and allows a variety of residential, commercial and mixed-use possibilities, subject to applicable requirements and approvals. Investors and developers should take a serious look at what may be possible with a lot of this size in this location.Additional features include a large basement, two-car garage, expansive driveway providing valuable off-street parking, spacious backyard, water fountain and even a chicken coop.Whether you're looking for a two-family to renovate and hold, an owner-occupied property with rental income, or your next development project, opportunities combining this much land, existing improvements and flexible CC zoning are hard to find in Beverly.Property sold as-is. Buyer and buyer's agent to perform all due diligence regarding zoning, development potential, permitted uses, measurements and property information.OPEN HOUSE 8/8 WILL BE ONLY SHOWING!! We are expecting a lot of offers. Offers due 5PM - 8/10. If you know a developer or investor - forward this to them. Very rare opportunity.

More Info

Basic Information

  • Gross Income $19,200
  • Mls StatusNew
  • Parcel Number M:0011 B:0367 L:,4182256

Tax Information

  • Tax Assessed Value $637,600
  • Tax Year 2025
  • Taxes$7,007

Parking

  • Covered Spaces 2
  • Garage YN Yes
  • Open Parking YN Yes
  • Parking Features Paved Drive, Off Street
  • Parking Spaces6

Rooms

  • Bathroom2
  • Bathrooms Total Decimal 2
  • Bedrooms4
  • Full Bath2

Basic Information

  • List Price$849,999
  • MLS Number73556786
  • Modification Date07/30/2026
  • Property SubType2 Family - 2 Units Up/Down

Location

  • Address7-R W Dane Street
  • Building Number7-r
  • CountyEssex
  • StateMA
  • StreetW Dane Street
  • TownBeverly
  • Zip01915

Building

  • BasementFull, Walk-Out Access, Bulkhead, Concrete
  • Building Area Units Square Feet
  • Construction Materials Brick, Stone
  • FoundationStone, Brick/Mortar
  • Garage Spaces2
  • Levels 2
  • Rooms9
  • Stories2
  • Units2
  • Year Built1900
  • Year Built Details Approximate
  • Year Built Source Public Records

Property

  • Acreage0.2

Interior

  • Flooring Wood, Tile, Carpet, Varies, Laminate
  • Interior Features Laundry Room, Ceiling Fan(s), Pantry, Living Room, Kitchen

Exterior

  • Exterior Features Garden

Utilities

  • Cooling Central Air, Window Unit(s)
  • Cooling YN Yes
  • Electric 110 Volts
  • Heat SystemYes
  • Heating Forced Air, Oil, Natural Gas
  • Sewer Public Sewer
  • Water Source Public

Property Information

  • Building Area Source Public Records
  • Living Area 1,801
  • Lot Size Square Feet 8,625
  • Lot Size Units Acres
  • Square Feet1,801

Amenities

  • Appliances IncludedWasher, Range, Dishwasher, Refrigerator, Freezer
  • Other AmenitiesBasement, Garden

Other

  • Date Listed07/30/2026
  • Farm Land Area Units Square Feet

Map Location

Driving Directions

Listed by Brian Averback of Century 21 North East

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