Active
2 Days on market
5 Lakeshore Ave Beverly — Photo 1 of 38

5 Lakeshore Ave Beverly — Photo 1 of 38

$1,450,000

Investment Analysis — 5 Lakeshore Ave

Beverly, MA 01915 — Beverly Cove

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 01915 carries an estimated $3,550/mo in gross rent — about a 1.22% cap rate and $17,646/yr in estimated NOI at the $1,450,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

4

Baths

2.5

SqFt

3,905

Style

Single Family

Built

2016

Welcome home to this flexible, move-in-ready gem in one of Beverly's most sought-after pockets. A classic farmers porch sets the tone for easy New England living, opening into an open floor plan kitchen featuring granite countertops, stainless steel appliances, and a center island, with room to eat in and an elegant dining room close by. The open floor plan flows seamlessly into a level, expansive backyard complete with a firepit for evening gatherings and a peaceful, tree-lined view, making it a natural extension of your living space for the whole family to enjoy. A flexible bonus room off the kitchen offers options as a playroom, den, or first-floor bedroom, depending on your needs. The living room connects to its own flex space too, ideal as a home office or additional bedroom. Upstairs, the primary suite is a true retreat, featuring a walk-in closet and a spa-like bath with a soaking tub, separate shower, and double vanity. Two additional bedrooms share a second full bath providing comfortable, well-appointed space. The lower level adds even more usable square footage, starting with a mudroom just inside the door which is perfect for corralling shoes, coats, and everyday clutter. From there you'll find a laundry area, a dedicated office, and another bonus. A two-car garage rounds out the practical features that make this home as functional as it is comfortable. Location is everything here: you're just minutes from the Sally Milligan trails, with easy convenience to the commuter rail and Route 128 for commuters. Spend your weekends at Lynch Park or Dane Street Beach, both just a short drive away. And it doesn't hurt that Beverly was recently named one of the hottest ZIP codes in the country. Open House Friday 4-6, Saturday and Sunday 11-1. Any offers reviewed Tuesday at 12noon.

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 3,905 sq ft principal dwelling). Lot size: 24,480 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.

Open Houses

Property Details

Financials

Original Price$1,450,000
Annual Taxes$14,730

Parking

Garage2
Off-Street6

Interior Specifications

Total Rooms11
Fireplaces1
FlooringTile, Hardwood, Flooring - Wood, Flooring - Stone/Ceramic Tile
BasementFull, Partially Finished, Walk-Out Access

Climate & Utilities

HeatingForced Air
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningR22

Property & Lot

Acres0.56
SqFt Lot24,480
Lot Features--

Amenities & Appliances

Gas Water Heater • Oven • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Walk/Jog Trails • Bike Path • Conservation Area • Highway Access

Geography

Floorplan Breakdown

Structural Layout

Second
OfficePrimary BedroomBedroom 2Bedroom 3Bathroom 2Bathroom 3
First
Living RoomDining RoomKitchenFamily RoomBedroom 4Bathroom 1
Living Room
Lvl First

22.5 x 22.083333333

Coffered Ceiling(s), Flooring - Hardwood, Open Floorplan, Recessed Lighting

Dining Room
Lvl First

14.333333333 x 13

Flooring - Hardwood, Recessed Lighting, Wainscoting, Crown Molding, Decorative Molding

Kitchen
Lvl First

14.833333333 x 13.833333333

Closet, Closet/Cabinets - Custom Built, Flooring - Hardwood, Dining Area, Countertops - Stone/Granite/Solid, French Doors, Kitchen Island, Exterior Access, Open Floorplan, Recessed Lighting, Stainless Steel Appliances, Crown Molding

Office
Lvl Second

23.666666666 x 15.166666666

Flooring - Wood, Recessed Lighting

Family Room
Lvl First

23.333333333 x 15.083333333

Flooring - Hardwood, Exterior Access, Open Floorplan, Recessed Lighting, Crown Molding

Primary Bedroom
Lvl Second

19.25 x 14.416666666

Bathroom - Full, Walk-In Closet(s), Flooring - Hardwood, Attic Access, Recessed Lighting

Bedroom 2
Lvl Second

12.166666666 x 11.416666666

Bedroom 3
Lvl Second

13 x 11.5

Closet, Flooring - Hardwood

Bedroom 4
Lvl First

14.416666666 x 13.75

Closet, Flooring - Hardwood

Bathroom 1
Lvl First

6.166666666 x 5.166666666

Bathroom - Half, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid

Bathroom 2
Lvl Second

16.666666666 x 7.583333333

Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Double Vanity, Recessed Lighting, Soaking Tub

Bathroom 3
Lvl Second

8.083333333 x 7.416666666

Bathroom - Full, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid

Listing Provided By

Listing Agent: Gretchen Berg

Listing Office: J. Barrett & Company

MLS® Number: 73577065