
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.
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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
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
Living Room
Lvl FirstCeiling Fan(s), Closet/Cabinets - Custom Built, Flooring - Hardwood, Pocket Door
Dining Room
Lvl FirstFlooring - Hardwood, French Doors
Kitchen
Lvl FirstFlooring - Hardwood, Window(s) - Bay/Bow/Box, Dining Area, Countertops - Stone/Granite/Solid, Exterior Access, Open Floorplan, Stainless Steel Appliances, Gas Stove
Family Room
Lvl ThirdSkylight, Ceiling Fan(s), Open Floorplan, Recessed Lighting
Master Bedroom
Lvl ThirdFlooring - Wall to Wall Carpet, Recessed Lighting
Bedroom 2
Lvl SecondBedroom 3
Lvl SecondCloset, Flooring - Hardwood
Bedroom 4
Lvl SecondFlooring - Hardwood, Closet - Double
Bedroom 5
Lvl SecondFlooring - Hardwood, Attic Access
Bathroom 1
Lvl FirstBathroom - Full, Bathroom - With Tub & Shower
Bathroom 2
Lvl SecondBathroom - Full, Bathroom - Double Vanity/Sink, Bathroom - With Tub, Dryer Hookup - Gas, Washer Hookup, Soaking Tub
Listing Agent: Sarah Steele
Listing Office: Today Real Estate, Inc.
MLS® Number: 73569174
