22-R Andover St Peabody — Photo 1 of 23
$499,900
Investment Analysis — 22-R Andover St
Peabody, MA 01960
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 01960 carries an estimated $3,080/mo in gross rent — about a 4.69% cap rate and $23,460/yr in estimated NOI at the $499,900 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1
SqFt
1,038
Style
Single Family
Built
1850
Set in a private, peaceful setting just off the Main Street, this charming 3-bedroom, 1-bath Cape offers privacy and convenient one-level living in a desirable Peabody location. Blending old-style charm and character with thoughtful modern updates, this inviting home offers the best of both worlds. The updated kitchen features a fresh, modern feel while retaining the warmth and character of the home, and opens to a spacious outdoor patio—perfect for summer dining, entertaining, or relaxing. A lovely yard provides plenty of space to enjoy the outdoors. Conveniently located just minutes from all that downtown Peabody has to offer.
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: 519 sq ft (the lesser of 900 sq ft or half the 1,038 sq ft principal dwelling). Lot size: 10,001 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 MLS and other third-party data may be inaccurate or out of date.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.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Water Heater • Range • Dishwasher • Microwave • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Park • Medical Facility • Laundromat • Conservation Area
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstCloset, Flooring - Hardwood
Dining Room
Lvl FirstFlooring - Hardwood, Open Floorplan
Kitchen
Lvl FirstCathedral Ceiling(s), Countertops - Stone/Granite/Solid, Stainless Steel Appliances
Primary Bedroom
Lvl FirstCloset, Flooring - Wall to Wall Carpet
Bedroom 2
Lvl FirstBedroom 3
Lvl FirstCloset, Flooring - Hardwood, Attic Access
Bathroom 1
Lvl FirstBathroom - Full
Listing Agent: Nicole Reid
Listing Office: Aluxety
MLS® Number: 73568798
