18 Iverson Rd Beverly — Photo 1 of 31
$750,000
Investment Analysis — 18 Iverson Rd
Beverly, MA 01915 — Cove
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 2.95% cap rate and $22,090/yr in estimated NOI at the $750,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2
SqFt
1,638
Style
Single Family
Built
1950
Location, location, location! Set in one of Beverly’s most desirable neighborhoods, just seconds from The Cove, 18 Iverson Road offers an incredible opportunity to make a home your own in a location that is hard to beat. This clean and well-maintained 3-bedroom, 2-bath home has great bones and a comfortable, functional layout with plenty of potential to update and personalize over time. Outside, enjoy a beautiful yard with plenty of space to relax, entertain, garden, or simply enjoy the neighborhood setting. Whether you’re looking to move right in and make improvements along the way or create your dream home from the start, this property offers the space, layout, yard, and location to do it. Close to Beverly’s coastline, parks, downtown, restaurants, commuter rail, and everything the North Shore has to offer. A fantastic opportunity to get into an amazing Beverly neighborhood and make this home truly your own.
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: 819 sq ft (the lesser of 900 sq ft or half the 1,638 sq ft principal dwelling). Lot size: 6,499 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
Gas Water Heater • Range • Dishwasher • Microwave • Refrigerator • Freezer • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Golf • Medical Facility
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstDining Room
Lvl FirstKitchen
Lvl FirstFamily Room
Lvl FirstMaster Bedroom
Lvl SecondBedroom 2
Lvl SecondBedroom 3
Lvl SecondListing Agent: Jordan Ryan
Listing Office: Coldwell Banker Realty - Marblehead
MLS® Number: 73568167