Active
38 Days on market
40 Heather St #314 Beverly — Photo 1 of 20

40 Heather St #314 Beverly — Photo 1 of 20

Recent Drop: $25,100

$495,000
$469,900

$469,900

Investment Analysis — 40 Heather St #314

Beverly, MA 01915 — Montserrat

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-bedroom in 01915 carries an estimated $2,680/mo in gross rent — about a 3.04% cap rate and $14,292/yr in estimated NOI at the $469,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

2

Baths

2

SqFt

1,100

Style

Condominium

Built

1970

Montserrat Condominiums is convenient to downtown, train, highway and Whole Foods and of course Beverly's world famous Gold Coast. This fabulous two bedroom condo in attractive brick building with elevator is in the heart of Beverly and has spacious living/dining room with hardwood floors leading to your own private balcony. The well appointed kitchen features cherry cabinets, stainless steel appliances and handsome granite countertops. The spacious bedrooms include the master with ensuite bathroom. The condominium includes many amenities among which are 2 deeded parking spaces and community meeting room, as well as wonderful theater for maximum cinema experience.. Make Beverly and Montserrat Condominium your new home.

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 MLS and other third-party data may be inaccurate or out of date.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.

Open Houses

Property Details

Financials

Original Price$495,000
Annual Taxes$4,546
HOA Fee$467

Parking

Garage0
Off-Street2

Interior Specifications

Total Rooms5
Fireplaces1
Flooring--
BasementN

Climate & Utilities

HeatingCentral, Natural Gas
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionBrick
RoofRubber
Foundation--
ZoningRMD

Property & Lot

Acres--
SqFt Lot--
Lot Features--

Amenities & Appliances

Range • Dishwasher • Disposal • Refrigerator • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Medical Facility • Highway Access • House of Worship

Geography

Floorplan Breakdown

Structural Layout

Third
Living RoomDining RoomKitchenMaster BedroomBedroom 2Bathroom 1Bathroom 2
Living Room
Lvl Third

Flooring - Hardwood, Balcony / Deck, Lighting - Overhead

Dining Room
Lvl Third

Flooring - Hardwood

Kitchen
Lvl Third

Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Cabinets - Upgraded, Recessed Lighting, Stainless Steel Appliances

Master Bedroom
Lvl Third

Bathroom - Full, Walk-In Closet(s), Flooring - Stone/Ceramic Tile

Bedroom 2
Lvl Third
Bathroom 1
Lvl Third

Bathroom - Full, Flooring - Marble

Bathroom 2
Lvl Third

Bathroom - Full, Flooring - Stone/Ceramic Tile

Property History

Price Drop
$469,900

Was $495,000

Aug 18, 2026

MLS® 73559301

Listed
$495,000

Aug 5, 2026

MLS® 73559301

Listing Provided By

Listing Agent: Ted Richard

Listing Office: J. Barrett & Company

MLS® Number: 73559301