
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.
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.
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Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Neighborhood
Tennis Court(s) • Park • Golf • Highway Access • House of Worship
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstDining Room
Lvl FirstKitchen
Lvl FirstPrimary Bedroom
Lvl SecondBedroom 2
Lvl SecondBedroom 3
Lvl SecondBathroom 1
Lvl SecondListing Agent: Lisa Santilli
Listing Office: Classified Realty Group
MLS® Number: 73576151