250 E. Lothrop Street Beverly — Photo 1 of 27
$650,000
Investment Analysis — 250 E. Lothrop Street
Beverly, MA 01915 — Beverly Cove
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-bedroom in 01915 carries an estimated $2,680/mo in gross rent — about a 2.64% cap rate and $17,143/yr in estimated NOI at the $650,000 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
1
SqFt
1,344
Style
Single Family
Built
1968
Discover the potential at 250 E. Lothrop St. Built in 1968 this property offers 1344 square feet of living space situated on a 6325 square foot corner lot. The second floor features 2 spacious bedrooms and a full bathroom. The main level consists of a front to back living room with a gas fireplace and an open kitchen / dining room layout. A two car garage offers parking and storage. There is ample outdoor space with a deck and brick patio. Perfect for entertaining and relaxation.
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: 672 sq ft (the lesser of 900 sq ft or half the 1,344 sq ft principal dwelling). Lot size: 6,325 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 MLS and other third-party data may be inaccurate or out of date.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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater • Range • Refrigerator • Dryer
Neighborhood
Public Transportation • Highway Access • Public School
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstFlooring - Hardwood
Dining Room
Lvl FirstFlooring - Hardwood
Kitchen
Lvl FirstFlooring - Vinyl, Gas Stove
Primary Bedroom
Lvl SecondFlooring - Hardwood
Bedroom 2
Lvl SecondBathroom 1
Lvl SecondBathroom - Full, Bathroom - Tiled With Tub & Shower, Closet - Linen, Flooring - Vinyl
Listing Agent: Robin O'Donnell
Listing Office: Keller Williams Realty Evolution
MLS® Number: 73580105
