16 School St. #3
About This Property
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 21, 2026 | Sold | ||
| Sold | |||
| Mar 14, 2026 | In contract | - | |
| In contract | |||
| Mar 11, 2026 | Listed by Gibson Sotheby's International Realty | $499,900 | |
| Listed by Gibson Sotheby's International Realty | |||
| |||
|
Welcome to this extraordinary third-floor condo in the heart of coastal Beverly—recently named one of the hottest zip codes in America. Just a few blocks from the train station and less than 0.5 miles to the beach, this sun-filled unit is the perfect home or investment opportunity. The circa-1880 residence blends historic charm with thoughtful updates, including exposed beams, wide pine floors, decorative fireplaces, and a remodeled full bathroom. Most appliances have been replaced within the last five years. Offering 863 sq. ft. of well-utilized space, the open floor plan features a well-appointed kitchen, dining area, and comfortable living room, along with two bedrooms and one full bath. Additional highlights include basement storage, in-unit laundry, pets allowed w/ HOA approval, and one off-street parking space. Enjoy easy access to downtown Beverly shops, dining, waterfront, and commuter routes—this condo delivers charm, convenience, and modern coastal living
| |||
| Oct 31, 2019 | Sold | ||
| Sold | |||
| Oct 3, 2019 | Listed by Flow Realty, Inc. | $329,900 | |
| Listed by Flow Realty, Inc. | |||
| | |||
|
Warmth & Comfort await in this top-level Penthouse! Instantly feel at home as you are greeted by beautiful wide pine floors that will guide you throughout. Cathedral ceilings, skylights, exposed beams and decorative fireplaces add to its unique charm. The open concept kitchen is efficiently equipped with stainless steel appliances and granite countertops that are complimented by a beautiful tiled backsplash. The spacious two bedrooms come with plenty of closet space and one bedroom showcases a newly installed prefinished hardwood floor. Other features include programable thermostat, in unit laundry, exclusive use of large stair landing back hall, low monthly condo fee of $150, Off street parking, basement storage, as well as a large common area yard, deck and grill. If you live here you will be in walking distance to the commuter rail, top-notch restaurants, shops and artistic culture. Beverly is home to many beautiful parks and beaches!!
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
03/11/2026
|
2 Bed
|
1 Bath
|
863 ft²
|
$499,900
2 Bed
1 Bath
863 ft²
|
$520,000
+4.02%
04/21/2026
|
Homes North of Boston Team
RE/MAX Leading Edge
| |
|
04/24/2024
|
2 Bed
|
1 Bath
|
1283 ft²
|
$474,900
2 Bed
1 Bath
1283 ft²
|
$505,000
+6.34%
06/12/2024
|
Carissa Germain
Stone Ridge Properties, Inc.
| |
|
03/24/2022
|
2 Bed
|
1 Bath
|
1283 ft²
|
$420,000
2 Bed
1 Bath
1283 ft²
|
$460,000
+9.52%
05/04/2022
|
Lisa Fenlon-Major
Keller Williams Realty - Londonderry
| |
|
01/22/2020
|
2 Bed
|
1 Bath
|
1351 ft²
|
$379,900
2 Bed
1 Bath
1351 ft²
|
$375,000
-1.29%
03/16/2020
|
Valerie Ribeiro
KKeegan Realty
| |
|
10/03/2019
|
2 Bed
|
1 Bath
|
863 ft²
|
$329,900
2 Bed
1 Bath
863 ft²
|
$334,900
+1.52%
10/31/2019
|
Michelle Doyle
Flow Realty, Inc.
| |
|
10/17/2016
|
3 Bed
|
2 Bath
|
1461 ft²
|
$339,900
3 Bed
2 Bath
1461 ft²
|
$337,000
-0.85%
07/31/2017
|
Karen DiRocco
Keller Williams Realty Evolution
| |
|
07/28/2016
|
2 Bed
|
1 Bath
|
863 ft²
|
$249,900
2 Bed
1 Bath
863 ft²
|
$245,500
-1.76%
09/16/2016
|
Sarah & Associates
Keller Williams Realty Evolution
| |
|
04/05/2016
|
2 Bed
|
1 Bath
|
1283 ft²
|
$289,900
2 Bed
1 Bath
1283 ft²
|
$295,000
+1.76%
06/13/2016
|
Kristen DeRosa Kotowski
MerryFox Realty
| |
|
09/17/2015
|
3 Bed
|
2 Bath
|
1461 ft²
|
$329,000
3 Bed
2 Bath
1461 ft²
|
$312,500
-5.02%
12/15/2015
|
Luana Baldi Little
Little & Co., REALTORS®
| |
|
07/04/2014
|
2 Bed
|
1 Bath
|
863 ft²
|
$220,000
2 Bed
1 Bath
863 ft²
|
$218,000
-0.91%
08/25/2014
|
Derek Greene
The Greene Realty Group
| |
|
03/20/2011
|
2 Bed
|
1 Bath
|
863 ft²
|
$206,900
2 Bed
1 Bath
863 ft²
|
-
-
|
Jose Milanes
Reliance Realty
| |
|
03/11/2011
|
4 Bed
|
2 Bath
|
1600 ft²
|
$259,000
4 Bed
2 Bath
1600 ft²
|
$235,000
-9.27%
07/14/2011
|
Julian Nenshati
Century 21 North East
| |
|
07/19/2006
|
2 Bed
|
1 Bath
|
863 ft²
|
$219,862
2 Bed
1 Bath
863 ft²
|
$203,000
-7.67%
11/30/2006
|
Kathleen McMath
Coldwell Banker Residential Brokerage - Salem
| |
|
04/07/2006
|
2 Bed
|
1 Bath
|
1283 ft²
|
$259,862
2 Bed
1 Bath
1283 ft²
|
$245,000
-5.72%
10/13/2006
|
Kathleen McMath
Coldwell Banker Residential Brokerage - Salem
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017