195 &197 Greenwood Avenue Beverly — Photo 1 of 3
$495,000
Investment Analysis — 195 &197 Greenwood Avenue
Beverly, MA 01915 — Beverly Farms
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a home in 01915 carries an estimated $2,150/mo in gross rent — about a 2.37% cap rate and $11,732/yr in estimated NOI at the $495,000 list price. Adjust every assumption in the calculator below.
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Two hill-top parcels in desirable estate area of Beverly Farms offered together. Located at the Hart Street end of Greenwood Avenue. One parcel is 1.5 acres and the other 4.0 acres, including some wetlands. The property is located along Chubb's Brook and is near City of Beverly & Essex County Greenbelt Assoc. conservation lands. Coveted parking permit for West Beach (with the annual purchase of a sticker) is a special perk of this location. This private elevated site has two lots for residential construction or for a 5.5 acre private lot. Permits and access engineering required by the City of Beverly and the Beverly Conservation Commission for the shared driveway for access to the property. Sewer & utilities are located in Greenwood Avenue, and would need to be brought up to the 2 parcels. Steep, rocky and a ledge-filled hillside fills the only access point, which means there will be considerable site costs. Owner does not have these estimates, which are likely to be substantial.
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 MLS and other third-party data may be inaccurate or out of date.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
Neighborhood
Public Transportation • Shopping • Tennis Court(s) • Walk/Jog Trails • Stable(s) • Medical Facility
Geography
Property History
$495,000
Jun 1, 2026
MLS® 73527526
$510,000
Sep 30, 2008
MLS® 70401814
$510,000
Jun 6, 2006
MLS® 70401814
Listing Agent: Peter Dorsey
Listing Office: Coldwell Banker Realty - Beverly
MLS® Number: 73527526