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    15 Thorndike St Beverly, MA 01915

    For Sale
    $1,299,000

    Character-rich four-unit property with upside potential in Beverly, MA.

    Lot size:
    0.15 Acres

    Property Features for 15 Thorndike St

    General Information

    Lot size
    0.15 Acres

    Building Details

    Year built
    1900

    Source: Lyv Realty Agent Jona Zepaj

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Spacious Four-Unit Multifamily Property

    This expansive four-unit property, rich with architectural details from the early 1900s, offers over 4,800 sq. ft. of living space. Located on a corner lot in a quiet neighborhood between Dane Street Beach and Cabot Street, the property features detailed woodwork, generous layouts, and a timeless design. It includes two 2 BR/1 BA units, one 1 BR/1 BA unit, and one 3 BR/1 BA unit. The two larger units have recently renovated kitchens. On-site parking is available for four cars, in addition to a two-car detached garage. The property is located 0.3 miles from the Beverly Depot commuter rail, providing access to Route 128 and downtown Beverly's shops, restaurants, and arts scene. Nearby amenities include Dane Street Beach and waterfront parks. The property presents strong potential for condo conversion or long-term rental income and appreciation, making it suitable for both investors and owner-occupants.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Beverly
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.8775549
    Latitude
    42.5465541

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    FAQs

    What type of property is this?
    Quadplex - Character-rich four-unit property with upside potential in Beverly, MA.
    Where is this quadplex located?
    The property is located at 15 Thorndike St Beverly, MA.
    What is the asking price?
    The asking price for this property is $1,299,000.
    What are key features of this property?
    This property features: - Prime location: Just 0.3 miles to Beverly Depot commuter rail, close to Dane Street Beach, Cabot Street shops/restaurants, and Route 128.; - Four-unit property with strong income potential: features a mix of 2 BR, 1 BR, and 3 BR units.; - Two units feature recently renovated kitchens.
    (978) 210-0813
    Request Owner's contact information
    15 Thorndike St Beverly, MA 01915
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    Beverly, MA 01915
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    15 Thorndike St Beverly, MA 01915
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