Active

131 Days on market

89 Lothrop Street Beverly — Photo 1 of 41

Recent Drop: $250,000

$3,250,000

$3,000,000

Investment Analysis — 89 Lothrop Street

Beverly, MA 01915

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 6-bedroom in 01915 carries an estimated $3,550/mo in gross rent — about a 0.13% cap rate and $3,881/yr in estimated NOI at the $3,000,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

3.5

SqFt

5,414

Style

Single Family

Built

1912

Presenting an exceptional oceanfront estate with sweeping water views! Enjoy the covered stone terrace, sprawling lawn, and mature landscaping perfect for summer gatherings. This grand home spanning 5414’ of living space offers a harmonious blend of historical character and contemporary comfort with distinguished architectural style. The gracious foyer leads to the formal living room and family room/library with back to back fireplaces, wood archways, coffered ceilings, and wainscoting. The sunroom and patio also enjoy ocean views! Featuring 6 bedrooms, 3.5 baths, hardwood floors and period details abound. Formal dining room with doors leading to the terrace, kitchen and spacious breakfast room. The second floor offers 4 bedrooms, en suite bath adjoining two of the bedrooms, additional full bath, laundry and home office space. The third floor has two bedrooms, full bath and ample storage. The 4 car attached garage and generous basement storage complete this unique home. Welcome to 89!

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 5,414 sq ft principal dwelling). Lot size: 27,630 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.