Active Under Contract
16 Days on market
29 Eastern Ave Beverly — Photo 1 of 38

29 Eastern Ave Beverly — Photo 1 of 38

$675,000

Investment Analysis — 29 Eastern 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 5-bedroom in 01915 carries an estimated $3,550/mo in gross rent — about a 3.72% cap rate and $25,084/yr in estimated NOI at the $675,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

5

Baths

2

SqFt

2,186

Style

Single Family

Built

1920

Positioned at the top of the hill on one of Beverly’s most desirable streets, 29 Eastern Avenue offers a rare combination of architectural character, expansive living space, situated on two-parcels with a large, level backyard. It is the kind of property that immediately gives you room to imagine what is possible. Inside, the home retains its beautiful original woodwork, hardwood floors, and timeless architectural details, creating authenticity that cannot be replicated. The open layout is complemented by five expansive bedrooms, offering exceptional flexibility for family, guests, or work. The walk-up attic provides a private primary suite, separated from the main living levels. A separate private entrance area, framed by beautiful pocket doors, adds another layer of versatility—an inviting space for guests, a home office, sitting room, or additional living area that can be closed off when desired. Closely situated are Beverly’s restaurants, shops, schools, beaches, waterfront, commuter routes, and major highways - all remarkably accessible. Some properties are defined by a renovation.29 Eastern Avenue offers the rare opportunity to preserve its history, elevate its spaces, and create a home with a distinctly personal future—all in one of Beverly’s most coveted locations.

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 2,186 sq ft principal dwelling). Lot size: 8,769 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.

Property Details

Financials

Original Price$675,000
Annual Taxes$7,292

Parking

Garage0
Off-Street8

Interior Specifications

Total Rooms8
Fireplaces1
FlooringTile, Carpet, Hardwood
BasementFull, Bulkhead, Sump Pump, Concrete, Unfinished

Climate & Utilities

HeatingHot Water, Natural Gas
CoolingWindow Unit(s)
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationStone
ZoningR10

Property & Lot

Acres0.2
SqFt Lot8,769
Lot Features--

Amenities & Appliances

Gas Water Heater • Dishwasher • Refrigerator • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails

Geography

Floorplan Breakdown

Structural Layout

Third
Family RoomMaster Bedroom
Second
Bedroom 2Bedroom 3Bedroom 4Bedroom 5Bathroom 2
First
Living RoomDining RoomKitchenBathroom 1
Living Room
Lvl First

Ceiling Fan(s), Closet/Cabinets - Custom Built, Flooring - Hardwood, Pocket Door

Dining Room
Lvl First

Flooring - Hardwood, French Doors

Kitchen
Lvl First

Flooring - Hardwood, Window(s) - Bay/Bow/Box, Dining Area, Countertops - Stone/Granite/Solid, Exterior Access, Open Floorplan, Stainless Steel Appliances, Gas Stove

Family Room
Lvl Third

Skylight, Ceiling Fan(s), Open Floorplan, Recessed Lighting

Master Bedroom
Lvl Third

Flooring - Wall to Wall Carpet, Recessed Lighting

Bedroom 2
Lvl Second
Bedroom 3
Lvl Second

Closet, Flooring - Hardwood

Bedroom 4
Lvl Second

Flooring - Hardwood, Closet - Double

Bedroom 5
Lvl Second

Flooring - Hardwood, Attic Access

Bathroom 1
Lvl First

Bathroom - Full, Bathroom - With Tub & Shower

Bathroom 2
Lvl Second

Bathroom - Full, Bathroom - Double Vanity/Sink, Bathroom - With Tub, Dryer Hookup - Gas, Washer Hookup, Soaking Tub

Listing Provided By

Listing Agent: Sarah Steele

Listing Office: Today Real Estate, Inc.

MLS® Number: 73569174