
113 Water #78 Beverly — Photo 1 of 38
$699,900
Investment Analysis — 113 Water #78
Beverly, MA 01915
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 1.12% cap rate and $7,858/yr in estimated NOI at the $699,900 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
2
SqFt
1,344
Style
Condominium
Built
1985
Fully Renovated Water Front Condo with Garage & Pool! Sun-drenched and move-in ready, this beautifully updated 2-bedroom, 2-bathroom condo offers picturesque south-facing views of the harbor completely unobstructed. No detail has been overlooked in this thoughtful renovation: new carpet throughout, sleek new granite countertops, updated cabinetry, elegant new tile flooring, and new appliances create a fresh, modern feel. A new water heater completes the renovation, while fresh paint and new lighting tie the whole space together beautifully. Both bedrooms are generously sized, offering comfortable living spaces. Both enjoy large closets while the primary includes an additional 8x8 walk-in closet. A versatile loft adds even more functional space, ideal as a home office, reading nook, or additional work area. The two full bathrooms have also been tastefully updated to match the home's clean, contemporary aesthetic. This unit includes a one-car garage with HOA approved shelving providing huge amounts of storage space. Residents also enjoy access to a beautiful outdoor pool, perfect for relaxing or entertaining during the warmer months. Location adds even more to love here: this condo is conveniently situated near two marinas providing easy access for boaters, Beverly's vibrant downtown, and the commuter rail, offering effortless access to waterfront dining, boutique shopping, community events, and an easy commute into Boston. Whether you're drawn to low-maintenance coastal living, an active lifestyle by the water, or the ease of a lively small-city setting, this sought-after complex offers a true sense of community and connection. Opportunities like this, combining renovated interiors, water views, garage parking, and resort-style amenities in one of Beverly's most desirable waterfront communities, don't come along often. Schedule your private showing and experience water front living at its finest! Showings begin at the first open house on September 12th.
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.
Immersive Experience
Open Houses
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Refrigerator • Range Hood
Neighborhood
Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,First10.1 x 18.8
Skylight, Ceiling Fan(s), Vaulted Ceiling(s), Flooring - Wall to Wall Carpet, Window(s) - Picture, Deck - Exterior, Exterior Access, Open Floorplan, Recessed Lighting, Remodeled, Slider
Dining Room
Lvl Main,First9 x 12.9
Closet, Flooring - Wall to Wall Carpet, Open Floorplan, Remodeled, Lighting - Pendant
Kitchen
Lvl Main,First8.5 x 10
Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Cabinets - Upgraded, Remodeled, Stainless Steel Appliances, Lighting - Overhead
Primary Bedroom
Lvl Second13.3 x 13.6
Walk-In Closet(s), Closet, Flooring - Wall to Wall Carpet, Window(s) - Picture, Remodeled
Bedroom 2
Lvl Main,First11.6 x 15
Bathroom 1
Lvl Main,First7.1 x 8.4
Bathroom - Full, Bathroom - With Tub & Shower, Closet - Linen, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Cabinets - Upgraded, Remodeled
Bathroom 2
Lvl Second9.4 x 8.1
Bathroom - Full, Bathroom - With Tub & Shower, Closet - Linen, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Cabinets - Upgraded, Dryer Hookup - Electric, Remodeled, Washer Hookup
Listing Agent: Candice Fontas
Listing Office: Engel & Volkers By the Sea
MLS® Number: 73573523
