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12 Peabody Street North Reading — Photo 1 of 35

12 Peabody Street North Reading — Photo 1 of 35

$799,900

Investment Analysis — 12 Peabody Street

North Reading, MA 01864 — Close to the Town Center!

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 01864 carries an estimated $3,800/mo in gross rent — about a 3.41% cap rate and $27,265/yr in estimated NOI at the $799,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

1

SqFt

1,357

Style

Single Family

Built

1867

Life is Good! And it’s even better in this beautifully transformed 1867 New England Colonial, where historic character meets a fresh farmhouse vibe. Turnkey and wonderfully located just a short stroll from the North Reading Town Common, library, and schools, this warm and inviting home is full of charm, comfort, and possibilities. The thoughtfully renovated interior offers the best of both worlds—open-concept spaces for gathering plus private rooms for work and relaxation. A heated sunroom welcomes you in, while the comfortable living room and front-to-back dining room and kitchen create a natural flow for everyday living and entertaining. Upstairs, the spacious primary bedroom features vaulted ceilings and two oversized closets, joined by two additional bedrooms. Numerous major updates in recent years include siding, shingles, windows and doors, kitchen countertops and backsplash, an updated bath, and a newer boiler with tankless hot water. Freshly painted inside and out, the home is truly move-in ready. Outside, enjoy wonderful spaces for relaxing, gardening, hobbies, or entertaining, including a charming 10x10 “she shed” or “man cave.” And then there’s the 1910 three-story detached barn—a rare and exciting opportunity just waiting for your vision, whether for storage, studio space, workshop, or potential future conversion. A special property with history, updates, character, and tremendous potential—right in the heart of North Reading!

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: 679 sq ft (the lesser of 900 sq ft or half the 1,357 sq ft principal dwelling). Lot size: 18,295 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$799,900
Annual Taxes$7,391

Parking

Garage0
Off-Street4

Interior Specifications

Total Rooms7
FireplacesNone
Flooring--
BasementFull, Sump Pump, Unfinished

Climate & Utilities

HeatingBaseboard, Oil
CoolingNone
WaterPublic
SewerPrivate Sewer

Building & Exterior

Construction--
Roof--
FoundationStone
ZoningRB

Property & Lot

Acres0.42
SqFt Lot18,295
Lot FeaturesCorner Lot

Neighborhood

Tennis Court(s) • Park • Golf • Highway Access • House of Worship

Geography

Floorplan Breakdown

Structural Layout

Second
Primary BedroomBedroom 2Bedroom 3Bathroom 1
First
Living RoomDining RoomKitchen
Living Room
Lvl First
Dining Room
Lvl First
Kitchen
Lvl First
Primary Bedroom
Lvl Second
Bedroom 2
Lvl Second
Bedroom 3
Lvl Second
Bathroom 1
Lvl Second
Listing Provided By

Listing Agent: Lisa Santilli

Listing Office: Classified Realty Group

MLS® Number: 73576151