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30 Days on market
40 Hillside Ave Beverly — Photo 1 of 42

40 Hillside Ave Beverly — Photo 1 of 42

$995,900

Investment Analysis — 40 Hillside Ave

Beverly, MA 01915 — Ryal Side

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 2.14% cap rate and $21,281/yr in estimated NOI at the $995,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

2

SqFt

2,920

Style

Single Family

Built

1934

This exceptional home offers a rare combination of privacy, flexible living space, thoughtful custom upgrades, and outstanding indoor/outdoor amenities. Set on a large, fully fenced lot with mature trees, the property features a custom gated entrance, expansive driveway with abundant parking, and an oversized garage. Inside, the custom open-concept main living area seamlessly connects the kitchen, dining, and living spaces. The kitchen is highlighted by a custom center island with seating for four, while the living room showcases a striking custom entertainment wall with linear electric fireplace, illuminated built-in shelving, and stonework designed to complement the kitchen backsplash. The generously sized primary bedroom features two exceptionally large walk-in closets. A truly unique feature is the approximately 500 sq. ft. fully finished and insulated garage, complete with heating and cooling and ample room for two full-size SUVs, currently utilized as a home gym. Above the garage is an additional 500+ sq. ft. of finished flex space, currently used as a game and entertainment room and ideal for a media room, home office, playroom, studio, or other flexible use. Smart thermostats are installed throughout, including the garage. The home's main heating and cooling system was replaced in December 2022. A beautifully designed property offering exceptional space, versatility, privacy, and custom features throughout.

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 2,920 sq ft principal dwelling). Lot size: 11,596 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.

Open Houses

Property Details

Financials

Original Price$995,900
Annual Taxes$7,994

Parking

Garage2
Off-Street12

Interior Specifications

Total Rooms7
Fireplaces1
FlooringWood, Tile, Carpet, Hardwood
BasementFull, Interior Entry, Garage Access, Concrete

Climate & Utilities

HeatingForced Air, Natural Gas, Ductless
CoolingCentral Air, Ductless
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationBlock
ZoningR10

Property & Lot

Acres0.27
SqFt Lot11,596
Lot FeaturesLevel

Amenities & Appliances

Gas Water Heater • Water Heater • Range • Dishwasher • Disposal • Microwave • Refrigerator

Neighborhood

Public Transportation • Shopping • Park • Golf • Medical Facility • Laundromat

Geography

Floorplan Breakdown

Structural Layout

Second
Family RoomMaster BedroomBedroom 2Bedroom 3Bathroom 2
Main,First
Living RoomDining RoomKitchenBathroom 1
Living Room
Lvl Main,First

13 x 20

Flooring - Hardwood, Deck - Exterior, Exterior Access, Open Floorplan, Recessed Lighting, Remodeled, Slider

Dining Room
Lvl Main,First

12 x 20

Flooring - Hardwood, Window(s) - Picture, Open Floorplan, Recessed Lighting, Remodeled, Lighting - Pendant

Kitchen
Lvl Main,First

15 x 14.11

Flooring - Hardwood, Dining Area, Countertops - Stone/Granite/Solid, Countertops - Upgraded, Kitchen Island, Breakfast Bar / Nook, Open Floorplan, Recessed Lighting, Remodeled, Stainless Steel Appliances, Gas Stove, Lighting - Pendant

Family Room
Lvl Second

21 x 23

Ceiling Fan(s), Flooring - Hardwood, Window(s) - Bay/Bow/Box, Recessed Lighting, Remodeled, Gas Stove

Master Bedroom
Lvl Second

17 x 14.4

Flooring - Wall to Wall Carpet, Recessed Lighting, Remodeled, Closet - Double

Bedroom 2
Lvl Second

10 x 14

Bedroom 3
Lvl Second

11 x 14

Closet, Flooring - Hardwood, Recessed Lighting, Remodeled

Bathroom 1
Lvl Main,First

10 x 7

Bathroom - Full, Bathroom - Tiled With Tub & Shower, Closet, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Countertops - Upgraded, Recessed Lighting, Remodeled

Bathroom 2
Lvl Second

8 x 9

Bathroom - Full, Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile, Countertops - Upgraded, Recessed Lighting

Listing Provided By

Listing Agent: Richard Powers

Listing Office: Toner Real Estate, LLC

MLS® Number: 73563395