Spacious Duplex Near Downtown
35-37 Thorndike St, Beverly, MA 01915
New
MULTI_FAMILY - Beverly, MA
Property size:
3,929 SFLot size:
0.18 AcresPrice / SF:
$330/SF- Added:
- May 25, 2026
- Days on Market:
- 5
- Last Refresh:
- May 29 at 1:06 pm
Property Features for 35-37 Thorndike St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R6
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bedroom 4, Bedroom 3, Bathroom 2, Bedroom 6, Bedroom 2, Bathroom 3, Bathroom 1, Bathroom 4, Bedroom 5, Bedroom 1
- Parking
- 5
- Fireplace
- 1
- Standard status
- Active
- APN
- M:0005 B:0441 L:
- Size
- 3,929 SF
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 11454
Building Details
- Year built
- 1900
- Floors in Building
- 6
- Number of units
- 2
Listing agent Keller Williams Realty Evolution
Listing office Keller Williams Realty Evolution 500 Cummings Center, Suite 1550, Beverly, MA (978) 927-8700
Listing date May 25, 2026
MLS# 73522941
Listing URL
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Prime location: Situated between the Atlantic Ocean and downtown Beverly, offering convenient access to both.
- Versatile property: Ideal for investors, owner‑occupants, or multigenerational living.
- Spacious duplex: Features oversized rooms and flexible layouts in both units.
- Abundant natural light: Sun‑filled rooms throughout both units.
- Period details and hardwood floors: Showcases classic architectural charm.
- Convenient access: Moments from beaches, restaurants, shops, parks, and the Boston‑bound commuter rail.
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 property 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 offers three bedrooms and a full bath, while the third floor includes three additional rooms. 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. The lot size is 0.1777 acres, and the property size is 3929 square feet. The zoning is R6. The property is located in Essex County.
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.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Beverly
- County
- Essex
- State
- Massachusetts
- Longitude
- -70.875534
- Latitude
- 42.545338
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Versatile duplex in prime location near ocean and downtown.
Where is this duplex located?
The property is located at 35-37 Thorndike St 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: Situated between the Atlantic Ocean and downtown Beverly, offering convenient access to both.; Versatile property: Ideal for investors, owner‑occupants, or multigenerational living.; Spacious duplex: Features oversized rooms and flexible layouts in both units.
