
23 Porter St #C Beverly — Photo 1 of 33
$599,900
Investment Analysis — 23 Porter St #C
Beverly, MA 01915
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 01915 carries an estimated $3,550/mo in gross rent — about a 4.36% cap rate and $26,159/yr in estimated NOI at the $599,900 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
2.5
SqFt
1,803
Style
Single Family
Built
1940
Technically a townhouse, rarely does a unit deliver the presence, privacy and everyday livability of a single-family home quite like 23 Porter Street, Unit C. From the curb, you’d be hard-pressed to guess this is a condo. Set in an attractive, classic Beverly home, this spacious four-bedroom w/ primary suite, 2.5-bath residence has its own private entrances, one-car garage and parking for three additional cars, plus a large, level common yard that feels more like your own outdoor extension than a typical condo setting. Inside, the layout is what makes this home really work. Generous rooms, a natural flow and plenty of separation between living and sleeping spaces give you the flexibility today’s buyers want—room for a home office, guests, a workout space, creative projects or simply a place to spread out. The home is attached only at the rear, and the shared wall is limited to a closet and half bath, giving this unit an unusually independent feel. The house has great bones, classic character and plenty of potential. A little cosmetic polishing—think fresh paint and refinishing the hardwood floors—could make a meaningful difference and give the next owner the chance to put their own stamp on the space without taking on a major renovation. In other words, this is not a project house; it’s a house with upside. And then there’s the location. Porter Street puts you in the middle of the Beverly lifestyle: close to the energy of the revitalized downtown, with its restaurants, coffee shops, breweries, entertainment and everyday conveniences, while the waterfront is right outside your door. You’re across from a neighborhood park and close to some of Beverly’s best coastal spots, with Pleasant View beach a block away and across the street from Gillis Park. For buyers who want more than a cookie-cutter condo—but aren’t looking for the price tag of a traditional single-family home—this is a compelling middle ground. It’s the kind of place that gives you room to grow without giving up the convenience, walkability and coastal lifestyle that make Beverly such a draw. Come see why Unit C feels much more like a home of its own than a condo. Annual master insurance cost: $2070 annually.
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: 900 sq ft (the lesser of 900 sq ft or half the 1,803 sq ft principal dwelling).
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.
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Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater • Range • Refrigerator
Neighborhood
Public Transportation • Shopping • Park • Highway Access
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First23 x 11
Flooring - Hardwood
Dining Room
Lvl First12 x 11
Flooring - Hardwood
Kitchen
Lvl First15 x 14
Flooring - Hardwood, Countertops - Stone/Granite/Solid, Gas Stove
Office
Lvl Second11 x 9
Flooring - Hardwood
Primary Bedroom
Lvl Third31 x 17
Flooring - Hardwood
Bedroom 2
Lvl Second11 x 10
Bedroom 3
Lvl Second11 x 10
Flooring - Hardwood
Bedroom 4
Lvl Second11 x 10
Flooring - Hardwood
Bathroom 1
Lvl SecondBathroom - Full, Bathroom - Tiled With Tub & Shower
Bathroom 2
Lvl ThirdBathroom - Full
Bathroom 3
Lvl FirstBathroom - Half
Property History
$599,900
Sep 11, 2026
MLS® 73576131
$599,900
Sep 11, 2026
MLS® 73576164
Listing Agent: The Bill Butler Group
Listing Office: Leading Edge Real Estate
MLS® Number: 73576131