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
Price cut: $50.9K (2/5)
$799,000
261 Rantoul St, Beverly, MA 01915
5beds
3,231sqft
Est.:
3 Family
Built in 1900
-- sqft lot
$790,700 Zestimate®
$247/sqft
$-- HOA
What's special
High-visibility storefrontTwo residential units
- 76 days |
- 2,971 |
- 61 |
Zillow last checked:
Listing updated:
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: 1
- Parking features: Off Street, Other
- Garage 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: $247/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
$790,700
$751,000 - $830,000
$4,708/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 2/5/2026 | Price change | $799,000-6%$247/sqft |
Source: MLS PIN #73459598 Report a problem | ||
| 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 |
| 2022 | -- | $587,500 +13% |
| 2021 | -- | $520,000 +28.4% |
| 2020 | -- | $405,100 +11.4% |
| 2019 | -- | $363,700 +6.8% |
| 2018 | $5,921 | $340,600 +6.9% |
| 2017 | $5,921 | $318,600 |
| 2016 | $5,921 | $318,600 |
| 2015 | $5,921 | $318,600 +6.8% |
| 2011 | -- | $298,300 -17.5% |
| 2010 | -- | $361,500 |
| 2009 | -- | $361,500 |
| 2008 | -- | $361,500 +3.6% |
| 2007 | -- | $349,000 |
| 2006 | -- | $349,000 +8% |
| 2005 | -- | $323,200 +38.6% |
| 2004 | -- | $233,200 +10.8% |
| 2003 | $2,444 -14.9% | $210,500 +6.2% |
| 2001 | $2,873 | $198,300 +30.7% |
| 2000 | -- | $151,700 -8.9% |
| 1995 | -- | $166,560 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$4,459/mo
Principal & interest
$3806
Property taxes
$653
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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