38 1/2 Abington Ave Peabody — Photo 1 of 41
$649,900
Investment Analysis — 38 1/2 Abington Ave
Peabody, MA 01960
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 01960 carries an estimated $3,390/mo in gross rent — about a 3.98% cap rate and $25,866/yr in estimated NOI at the $649,900 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
2
SqFt
1,484
Style
Single Family
Built
1950
Classic Cape charm meets quintessential North Shore living in this beautifully maintained 4-bedroom, 2-bath home in the heart of Peabody. Gleaming hardwood floors flow throughout the main living spaces, complemented by an eat-in kitchen, a sun-filled dining area, a comfortable living room that opens to a versatile room overlooking the private, tree-lined backyard, and a full bath with classic cottage charm. Upstairs, generously sized bedrooms offer charming dormered ceilings and ample closet space, complemented by a second full bath featuring a spacious walk-in shower. Outside, the fenced backyard and deck create the perfect setting for entertaining, relaxing, or simply enjoying every season this home has to offer. Ideally located near shopping, dining, and major commuter routes, this property blends timeless character with modern comfort. Warm, welcoming, and wonderfully Peabody — this one truly has it all. Don't miss your opportunity to make it yours!
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: 742 sq ft (the lesser of 900 sq ft or half the 1,484 sq ft principal dwelling). Lot size: 7,405 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
Amenities & Appliances
Range • Dishwasher • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Sidewalks
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First18.9 x 12.3
Dining Room
Lvl First10.3 x 11.9
Kitchen
Lvl First11.9 x 10.1
Master Bedroom
Lvl First11.9 x 12.3
Bedroom 2
Lvl First11.9 x 10.1
Bedroom 3
Lvl Second11 x 15.9
Bedroom 4
Lvl Second11.9 x 22
Bathroom 1
Lvl First7.5 x 6.44
Bathroom 2
Lvl Second9.4 x 8.4
Listing Agent: Shannon Mcinnis
Listing Office: Coldwell Banker Realty - Lynnfield
MLS® Number: 73574729
