
48 Paine Avenue Beverly — Photo 1 of 25
Recent Drop: $305,000
$3,195,000
Investment Analysis — 48 Paine Avenue
Beverly, MA 01915 — Prides Crossing
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 -0.09% cap rate and $-2,989/yr in estimated NOI at the $3,195,000 list price. Adjust every assumption in the calculator below.
Beds
5
Baths
3.5
SqFt
6,295
Style
Single Family
Built
1890
Incredible opportunity to live in a late 19th century Carriage House tucked back from the road on beautiful grounds along historic Paine Avenue in Prides Crossing. Surrounded by the area’s storied estates, this distinctive 5-bedroom, 3.5-bath home blends timeless character with comfortable modern living. The light-filled first level features soaring ceilings, an open layout, and inviting living and dining spaces with access to the expansive yard. The eat-in kitchen offers modern amenities, a sitting area, and French doors to the outdoors. The second level includes four bedrooms with serene views, including a primary suite. A private one-bedroom in-law or au pair apartment with separate entrance retains classic Carriage House charm, including antique wood and original doors, along with a living room, kitchen, and bath. Landscaped grounds, stone patio, open lawn, deeded West Beach access, and close proximity to the villages of Prides Crossing and Beverly Farms complete this special home.
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 MLS and other third-party data may be inaccurate or out of date.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
Range • Oven • Dishwasher • Refrigerator
Neighborhood
Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,First37 x 20
French Doors, Exterior Access, Open Floorplan, Remodeled
Dining Room
Lvl Main,First20 x 18
Flooring - Hardwood, French Doors, Remodeled, Lighting - Sconce
Kitchen
Lvl Main,First21 x 20
Closet/Cabinets - Custom Built, Flooring - Stone/Ceramic Tile, Dining Area, Countertops - Stone/Granite/Solid, French Doors, Kitchen Island, Deck - Exterior, Exterior Access, Open Floorplan, Recessed Lighting, Remodeled, Stainless Steel Appliances, Gas Stove, Lighting - Pendant, Lighting - Overhead
Family Room
Lvl Main,First21 x 12
Closet, Closet/Cabinets - Custom Built, Wet Bar, Remodeled, Storage
Master Bedroom
Lvl Second26 x 13
Bedroom 2
Lvl Second13 x 13
Bedroom 3
Lvl Second14 x 13
Bedroom 4
Lvl Second20 x 13
Bedroom 5
Lvl SecondBathroom 1
Lvl SecondBathroom 2
Lvl SecondBathroom 3
Lvl SecondProperty History
$3,195,000
Was $3,500,000
May 7, 2026
MLS® 73483010
$3,500,000
Mar 4, 2026
MLS® 73483010
Listing Agent: Krista Julian
Listing Office: Coldwell Banker Realty - Manchester
MLS® Number: 73483010
