68 Paine Ave Beverly — Photo 1 of 32
Recent Drop: $400,000
$4,200,000
Investment Analysis — 68 Paine Ave
Beverly, MA 01915
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a home in 01915 carries an estimated $2,150/mo in gross rent — about a -0.29% cap rate and $-11,977/yr in estimated NOI at the $4,200,000 list price. Adjust every assumption in the calculator below.
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Rare opportunity to build your dream home on 2+ waterfront acres in prime Northshore location. City approvals and plans are in-hand for a new build which includes a 4,600+ sq. ft. primary residence and the ability to preserve 1,300 sq. ft. of existing home as a beach cabana. Located in the private, Paine Avenue enclave in Prides Crossing, this property enjoys an unparalleled level of privacy with RockMarge Estate to the west and 18 acres of conservation land to the east and dramatic 180-degree vistas of Manchester-by-the-Sea, Marblehead, Salem Sound to Misery and beyond.
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 MLS and other third-party data may be inaccurate or out of date.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
Neighborhood
Public Transportation • Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Conservation Area
Geography
Property History
$4,200,000
Was $4,600,000
Jun 15, 2026
MLS® 73458793
$4,600,000
Dec 2, 2025
MLS® 73458793
Listing Agent: Alexandra Cutler
Listing Office: J. Barrett & Company
MLS® Number: 73458793
