Active
192 Days on market
48 Paine Avenue Beverly — Photo 1 of 25

48 Paine Avenue Beverly — Photo 1 of 25

Recent Drop: $305,000

$3,500,000
$3,195,000

$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.

View Standard Listing

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 MLS and other third-party data may be inaccurate or out of date.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

Original Price$3,500,000
Annual Taxes$22,165
HOA Fee$1100

Parking

Garage2
Off-Street8

Interior Specifications

Total Rooms8
Fireplaces2
FlooringWood, Tile, Carpet, Hardwood, Wood Laminate
BasementFull, Garage Access

Climate & Utilities

HeatingBaseboard, Oil
CoolingCentral Air
WaterPublic
SewerPrivate Sewer

Building & Exterior

Construction--
RoofShingle
FoundationOther
ZoningR90

Property & Lot

Acres2.29
SqFt Lot99,887
Lot FeaturesLevel

Amenities & Appliances

Range • Oven • Dishwasher • Refrigerator

Neighborhood

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

Geography

Floorplan Breakdown

Structural Layout

Second
Master BedroomBedroom 2Bedroom 3Bedroom 4Bedroom 5Bathroom 1Bathroom 2Bathroom 3
Main,First
Living RoomDining RoomKitchenFamily Room
Living Room
Lvl Main,First

37 x 20

French Doors, Exterior Access, Open Floorplan, Remodeled

Dining Room
Lvl Main,First

20 x 18

Flooring - Hardwood, French Doors, Remodeled, Lighting - Sconce

Kitchen
Lvl Main,First

21 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,First

21 x 12

Closet, Closet/Cabinets - Custom Built, Wet Bar, Remodeled, Storage

Master Bedroom
Lvl Second

26 x 13

Bedroom 2
Lvl Second

13 x 13

Bedroom 3
Lvl Second

14 x 13

Bedroom 4
Lvl Second

20 x 13

Bedroom 5
Lvl Second
Bathroom 1
Lvl Second
Bathroom 2
Lvl Second
Bathroom 3
Lvl Second

Property History

Price Drop
$3,195,000

Was $3,500,000

May 7, 2026

MLS® 73483010

Listed
$3,500,000

Mar 4, 2026

MLS® 73483010

Listing Provided By

Listing Agent: Krista Julian

Listing Office: Coldwell Banker Realty - Manchester

MLS® Number: 73483010