On the corner of Federal and Rantoul, 261 Rantoul St delivers a rare mixed-use opportunity in one of Beverly’s strongest growth corridors. This ±3,300 sq ft building has a high-visibility storefront, two residential units, and an oversized garage with a full basement. With flexible use options this property has a lot of potential. A brand new 400-amp electrical system and updated fire alarm systems. Steps from Beverly Depot, the property sits surrounded by new development and consistent commercial demand.For investors, commercial corridor rents commonly reaching $20–$30 per sq ft depending on condition and strong multifamily performance in the surrounding blocks. For end users, the combination of storefront exposure, on-site housing, garage and storage capacity, and walk-to-train access creates a practical footprint that’s increasingly hard to find in downtown Beverly. 261 Rantoul St stands out as a versatile mixed-use asset ready for repositioning, owner-occupancy, or redevelopment.
For sale
$849,900
261 Rantoul St, Beverly, MA 01915
5beds
3,231sqft
Est.:
3 Family
Built in 1900
-- sqft lot
$842,300 Zestimate®
$263/sqft
$-- HOA
What's special
High-visibility storefrontTwo residential units
- 49 days |
- 2,058 |
- 63 |
Zillow last checked: 8 hours ago
Listing updated: January 06, 2026 at 11:38am
Listed by:
Davis McVay 978-729-1102,
Keller Williams Realty Evolution 978-927-8700,
Christian Smith 978-480-8571
Source: MLS PIN,MLS#: 73459598
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 2
- 1/2 bathrooms: 2
Heating
- Baseboard, Natural Gas, Individual, Unit Control
Cooling
- None, Window Unit(s), Individual
Appliances
- Included: Range, Refrigerator
- Laundry: Electric Dryer Hookup, Washer Hookup
Features
- Ceiling Fan(s), Storage, Living Room, Kitchen, Family Room, Laundry Room
- Flooring: Wood, Vinyl, Carpet, Varies, Hardwood
- Doors: Insulated Doors, Storm Door(s)
- Windows: Insulated Windows, Storm Window(s)
- Basement: Partial
- Has fireplace: No
Interior area
- Total structure area: 3,231
- Total interior livable area: 3,231 sqft
- Finished area above ground: 3,231
Property
Parking
- Total spaces: 2
- Parking features: Off Street, Other
- Garage spaces: 1
- Uncovered spaces: 1
Features
- Patio & porch: Porch, Deck, Patio
- Fencing: Fenced
- Waterfront features: Harbor, River, 3/10 to 1/2 Mile To Beach, Beach Ownership(Public)
Lot
- Size: 2,522 Square Feet
- Features: Corner Lot, Zero Lot Line
Details
- Foundation area: 1485
- Parcel number: M:0011 B:0146 L:,4182038
- Zoning: CC
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 3 Family
Materials
- Frame
- Foundation: Stone, Granite
- Roof: Shingle
Condition
- Year built: 1900
Utilities & green energy
- Electric: Individually Metered, Varies per Unit
- Sewer: Public Sewer
- Water: Public
- Utilities for property: for Gas Range, for Electric Range, for Electric Dryer, Washer Hookup
Community & HOA
Community
- Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Laundromat, Bike Path, Marina, T-Station, University, Sidewalks
Location
- Region: Beverly
Financial & listing details
- Price per square foot: $263/sqft
- Tax assessed value: $623,800
- Annual tax amount: $6,855
- Date on market: 12/3/2025
- Total actual rent: 0
- Road surface type: Paved
Estimated market value
$842,300
$800,000 - $884,000
$5,071/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/3/2025 | Listed for sale | $849,900+276.1%$263/sqft |
Source: MLS PIN #73459598 Report a problem | ||
| 1/31/2001 | Sold | $226,000$70/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $623,800 +6.2% |
| 2024 | -- | $587,500 |
| 2023 | -- | $587,500 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$5,177/mo
Principal & interest
$4186
Property taxes
$694
Home insurance
$297
Climate risks
Neighborhood: 01915
Nearby schools
GreatSchools rating
- 4/10Briscoe Middle SchoolGrades: 5-8Distance: 1.1 mi
- 5/10Beverly High SchoolGrades: 9-12Distance: 1 mi
- 6/10Hannah Elementary SchoolGrades: K-4Distance: 1.4 mi
Schools provided by the listing agent
- Elementary: Edwards
- Middle: Briscoe
- High: Beverly
Source: MLS PIN. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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