
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.
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.
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Lvl SecondProperty History
$599,500
Was $599,000
Sep 7, 2026
MLS® 73563555
$599,000
Was $637,000
Sep 4, 2026
MLS® 73563555
$637,000
Aug 13, 2026
MLS® 73563555
Listing Agent: Donna Gay
Listing Office: Right Way Realty LLC
MLS® Number: 73563555
