Spacious Duplex in Prime
35-37 Thorndike Street, Beverly, MA 01915
Versatile duplex near the ocean and downtown Beverly.
Type:Multi-family / 2 Family - 2 Units Side by Side
Property size:
3,929 SFPrice / SF:
$330/SF- Added:
- May 24, 2026
- Days on Market:
- 10
- Last Refresh:
- May 27 at 8:30 am
Property Features for 35-37 Thorndike Street
General Information
- Standard status
- Active
- Size
- 3,929 SF
- Property subtype
- Multi-family / 2 Family - 2 Units Side by Side
Building Details
- Year Built
- 1900
Listing agent Jeffrey Carter License #9060499 (978) 927-8700
Listing office Keller Williams Realty Evolution (978) 927-8700
Listing date May 24, 2026
Source Compass
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Evolution
HighLights
- Prime location between the Atlantic Ocean and Downtown Beverly.
- Versatile duplex suitable for investors, owner‑occupants, or multigenerational living.
- Spacious layouts and abundant natural light in both units.
- Original period details, beautiful hardwood floors, and oversized rooms.
- Close proximity to beaches, restaurants, shops, parks, and the commuter rail to Boston.
- Two fireplaces and partially finished basement.
Overview
This spacious duplex is situated between the Atlantic Ocean and downtown Beverly. The property offers versatility and appeal for investors, owner-occupants, or multigenerational living. The building features hardwood floors, sun-filled oversized rooms, and period detail throughout. Unit #35 includes a living room, formal dining room, kitchen, and half bath on the first floor. The second floor has three bedrooms and a full bath, while the third floor includes three additional bedrooms. Unit #37 features a similar layout with living areas and natural light. The property has been owned by the same family for decades and is located moments from beaches, restaurants, shops, parks, and the Boston-bound commuter rail.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $99.0k | $25.20 |
| − Vacancy | −$4.5k | −$1.13 |
| EGI | $94.6k | $24.07 |
| − OpEx | −$28.4k | −$7.22 |
| NOI | $66.2k | $16.85 |
3,929 SF · lease $25.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$945.6K
$827.4K – $1.10M
NOI $66,189 @ 7.0% cap · market cap 5.09%
Second Best
Apartment 5plus
$853.5K
$746.8K – $995.8K
NOI $59,746 @ 7.0% cap · market cap 4.60%
Theoretical Best
Office A
$2.33M
$2.04M – $2.71M
NOI $162,817 @ 7.0% cap · market cap 12.52%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Beverly
- County
- Essex
- State
- Massachusetts
- Longitude
- -70.8755213
- Latitude
- 42.545325
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Versatile duplex near the ocean and downtown Beverly.
Where is this duplex located?
The property is located at 35-37 Thorndike Street Beverly, MA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Prime location between the Atlantic Ocean and Downtown Beverly.; Versatile duplex suitable for investors, owner‑occupants, or multigenerational living.; **Spacious layouts and abundant natural light** in both units.
