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8 Highland St Peabody — Photo 1 of 31

8 Highland St Peabody — Photo 1 of 31

$599,500

Investment Analysis — 8 Highland St

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 4.34% cap rate and $26,002/yr in estimated NOI at the $599,500 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

4

Baths

1

SqFt

1,792

Style

Single Family

Built

1930

Lovely Colonial offering a perfect blend of traditional charm and everyday comfort. This is a 1930 era third generational home filled with natural light and warm character & hardwood floors throughout, inviting front porch, spacious living areas, lovely fireplace ideal for both relaxing and entertaining. Formal dining room large updated kitchen with lots of cabinet space. Upstairs you’ll find four comfortable bedrooms and a full bath, providing flexibility for family, guests, or a home office setup. Additional highlights include hardwood floors, classic architectural details, ample storage, attic space with good ceiling height. for possible expansion. Basement also has 6 ft ceiling height for future expansion possibility with a side basement entrance, A private backyard perfect for outdoor enjoyment. A large garage for car and or storage. Conveniently located near schools, shopping, dining, Easy access to the commuter rail and all that Peabody and Salem downtown has to offer. close to the malls shopping, restaurants, This Colonial is full of potential and ready to welcome a new owner. Peabody has been recognized as one of the top places to live in the country. Private electric, lower taxes. Come see what this home 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: 896 sq ft (the lesser of 900 sq ft or half the 1,792 sq ft principal dwelling). Lot size: 3,040 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

Original Price$637,000
Annual Taxes$4,914.93

Parking

Garage1
Off-Street5

Interior Specifications

Total Rooms8
Fireplaces1
Flooring--
BasementFull, Walk-Out Access, Interior Entry, Concrete, Unfinished

Climate & Utilities

HeatingOil
CoolingWindow Unit(s)
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
Roof--
FoundationConcrete Perimeter
ZoningRTA

Property & Lot

Acres0.07
SqFt Lot3,040
Lot Features--

Neighborhood

Public Transportation • Shopping • Medical Facility • Bike Path • Highway Access • House of Worship

Geography

Floorplan Breakdown

Structural Layout

Second
Master BedroomBedroom 2Bedroom 3Bedroom 4
First
Living RoomDining RoomKitchen
Living Room
Lvl First
Dining Room
Lvl First
Kitchen
Lvl First
Master Bedroom
Lvl Second
Bedroom 2
Lvl Second
Bedroom 3
Lvl Second
Bedroom 4
Lvl Second

Property History

Price Increase
$599,500

Was $599,000

Sep 7, 2026

MLS® 73563555

Price Drop
$599,000

Was $637,000

Sep 4, 2026

MLS® 73563555

Listed
$637,000

Aug 13, 2026

MLS® 73563555

Listing Provided By

Listing Agent: Donna Gay

Listing Office: Right Way Realty LLC

MLS® Number: 73563555