3 Carlton St Peabody — Photo 1 of 39
$624,900
Investment Analysis — 3 Carlton 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 3.75% cap rate and $23,455/yr in estimated NOI at the $624,900 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1.5
SqFt
2,033
Style
Single Family
Built
1950
Welcome to this well-maintained ranch in the heart of South Peabody, offering the ease and comfort of single-level living with plenty of flexibility to suit your lifestyle. This charming home features 3 bedrooms and 2 full baths, with gleaming hardwood floors flowing throughout the main living areas, creating a warm and inviting atmosphere from room to room. The finished basement adds valuable additional living space, ideal for a playroom, home gym, guest suite, or a private retreat with potential for extended living needs — the possibilities are truly endless. The functional layout offers comfortable everyday living, while the single-level design makes this home a wonderful option for those seeking convenience and accessibility. Outside, the fully fenced yard offers privacy and a great space to relax, entertain, or simply enjoy the season ahead. Ideally situated in South Peabody, this home offers easy access to local shops, restaurants, parks, and major commuter routes, making it a convenient choice for any lifestyle. Move-in ready and full of potential, this is a wonderful opportunity to make this house your own. Don't miss your chance to see everything this property 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: 900 sq ft (the lesser of 900 sq ft or half the 2,033 sq ft principal dwelling). Lot size: 5,401 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.
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Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Neighborhood
Shopping • Highway Access
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First14 x 16.6
Dining Room
Lvl First14 x 9.3
Kitchen
Lvl First11.11 x 16.2
Family Room
Lvl Basement20 x 24.6
Master Bedroom
Lvl First12.8 x 12.8
Bedroom 2
Lvl First12.8 x 13.1
Bedroom 3
Lvl First9.1 x 12.4
Bathroom 1
Lvl First6.9 x 8.8
Bathroom 2
Lvl Second6.9 x 7.1
Listing Agent: Shannon Mcinnis
Listing Office: Coldwell Banker Realty - Lynnfield
MLS® Number: 73574676
