7-7 W Dane St #R, Beverly, MA, 01915
About This Home
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. If you know a developer or investor – forward this to them. Very rare opportunity.
Getting Around
Walker's Paradise
Very Limited Transit
BikeableSchools
Construction
Condition
- Year built: 1900
Materials
- Foundation: Stone,Brick/Mortar
- Construction materials: Brick,Stone
Type & Style
- Home type: MultiFamily
- Property subType: 2 Family - 2 Units Up/Down
Interior
Appliances
- Appliances included: Washer,Range,Dishwasher,Refrigerator,Freezer
Basement
- Has basement: Yes
- Basement: Full,Walk-Out Access,Bulkhead,Concrete
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Features
- Laundry Room,Ceiling Fan(s),Pantry,Living Room,Kitchen
- Flooring: Wood,Tile,Carpet,Varies,Laminate
- Finished area above ground: 1,801
Heating & Cooling
- Heating features: Forced Air,Oil,Natural Gas
- Cooling features: Central Air,Window Unit(s)
Interior Area
- Total structure area: 1,801
- Total interior livable area: 1,801 sqft
Property
Details
- Parcel number: M:0011 B:0367 L:,4182256
- Zoning: CC
Features
- Exterior features: Garden
Lot
- Lot size: 8,625 sqft
Parking
- Total spaces: 6
- Parking features: Paved Drive,Off Street
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
- Has uncovered spaces: Yes
- Uncovered spaces: 4
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Ice Storm
- Lightning
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Massachusetts Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $4,298 | $51,576 |
| Home Insurance * | $254 | $3,048 |
| Property Taxes | $722 | $8,664 |
| Electricity | $355 | $4,261 |
| Total | $5,629 | $67,548 |
Income You'd Need if You Spent...
Massachusetts FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-30 | Listed for sale | $849,999 |
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