351 Lowell Street Peabody — Photo 1 of 42
Recent Drop: $150,000
$1,049,000
Investment Analysis — 351 Lowell Street
Peabody, MA 01960
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 6-bedroom in 01960 carries an estimated $3,390/mo in gross rent — about a 2.23% cap rate and $23,402/yr in estimated NOI at the $1,049,000 list price. Adjust every assumption in the calculator below.
Beds
6
Baths
3
SqFt
3,819
Style
Single Family
Built
1929
Back on market due to sellers moving timeline. Updated and spacious home offering endless flexibility, including an in-law suite with its own entrance, full kitchen, living room, fireplace, bedroom, full bath, and laundry. The main home features 5 bedrooms, 2 updated baths including a versatile 1st floor primary, ensuite bath and walk in closet. A beautiful chef’s kitchen with quartzite countertops, stainless steel appliances, gas range, and an oversized island perfect for entertaining. The sunroom and screened porch add light and comfort year round. Upstairs, enjoy two generously sized bedrooms and a luxury style bath with soaking tub, marble walk in shower, and double vanity. Situated on nearly half an acre, the fenced in backyard is your own private oasis—complete with an in ground pool, fire pit, gazebo, and BBQ area—ideal for hosting or relaxing weekends. Ample parking with a 2 car attached garage and 8+ driveway parking, and convenient access to shopping, dining, and Route 1/128. Letter of full deleading compliance in hand. Open houses Saturday 9/12 10-12pm and Sunday 9/13 11:30-1:30pm.
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 3,819 sq ft principal dwelling). Lot size: 18,740 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.
Open Houses
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstDining Room
Lvl FirstKitchen
Lvl FirstOffice
Lvl ThirdPrimary Bedroom
Lvl FirstBedroom 2
Lvl SecondBedroom 3
Lvl SecondBedroom 4
Lvl ThirdBedroom 5
Lvl ThirdBathroom 1
Lvl FirstBathroom 2
Lvl SecondBathroom 3
Lvl BasementProperty History
$1,049,000
Was $1,199,000
Sep 8, 2026
MLS® 73525705
$1,199,000
May 28, 2026
MLS® 73525705
$1,190,000
Apr 6, 2026
MLS® 73439956
$1,190,000
Oct 6, 2025
MLS® 73439956
Listing Agent: Christopher Charido
Listing Office: Charlesgate Realty Group LLC
MLS® Number: 73525705
