261 Rantoul St, Beverly, MA 01915
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$849,900
3 Unit
5 Beds
4 Baths
3231 SQFT
0.06 Acre

Property Description

On the corner of Federal and Rantoul, 261 Rantoul St delivers a rare mixed-use opportunity in one of Beverly’s strongest growth corridors. This ±3,300 sq ft building has a high-visibility storefront, two residential units, and an oversized garage with a full basement. With flexible use options this property has a lot of potential. A brand new 400-amp electrical system and updated fire alarm systems. Steps from Beverly Depot, the property sits surrounded by new development and consistent commercial demand.For investors, commercial corridor rents commonly reaching $20–$30 per sq ft depending on condition and strong multifamily performance in the surrounding blocks. For end users, the combination of storefront exposure, on-site housing, garage and storage capacity, and walk-to-train access creates a practical footprint that’s increasingly hard to find in downtown Beverly. 261 Rantoul St stands out as a versatile mixed-use asset ready for repositioning, owner-occupancy, or redevelopment.

Property Details tap to expand

Building Information

  • Total Units: 3
  • Total Floors: 3
  • Total Bedrooms: 5
  • Total Full Baths: 2
  • Total Half Baths: 2
  • Amenities: Bike Path, Laundromat, Marina, Park, Public Transportation, Shopping, T-Station, University, Walk/Jog Trails
  • Basement Features: Partial
  • Common Rooms: Family Room, Kitchen, Living Room
  • Common Interior Features: Ceiling Fans, Storage
  • Common Appliances: Range, Refrigerator, Washer Hookup
  • Common Heating: Extra Flue, Gas, Gas, Geothermal Heat Source, Heat Pump, Hot Air Gravity, Hot Water Baseboard, Individual, Oil
  • Common Cooling: Individual, None, None

Financial

  • APOD Available: No

Utilities

  • Electric Info: Individually Metered, Varies per Unit
  • Energy Features: Insulated Doors, Insulated Windows, Storm Doors, Storm Windows
  • Utility Connections: Washer Hookup, for Electric Dryer, for Electric Range, for Gas Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private
  • Sewer District: Essex

Unit 1 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 3 Description

  • Floors: 2
  • Levels: 1

Construction

  • Year Built: 1900
  • Type: 3 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone, Granite
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Hardwood, Vinyl, Wall to Wall Carpet, Wood
  • Lead Paint: None
  • Warranty: No

Other Information

  • MLS ID# 73459598
  • Last Updated: 12/04/25

Property History tap to expand

Date Event Price Price/Sq Ft Source
12/03/2025New$849,900$263MLSPIN

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Seller's Representative: Davis McVay, Keller Williams Realty Evolution
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2025-12-04 14:32:00

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