Active Under Contract
18 Days on market
22-R Andover St Peabody — Photo 1 of 23

22-R Andover St Peabody — Photo 1 of 23

$499,900

Investment Analysis — 22-R Andover St

Peabody, MA 01960

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 01960 carries an estimated $3,080/mo in gross rent — about a 4.69% cap rate and $23,460/yr in estimated NOI at the $499,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

1

SqFt

1,038

Style

Single Family

Built

1850

Set in a private, peaceful setting just off the Main Street, this charming 3-bedroom, 1-bath Cape offers privacy and convenient one-level living in a desirable Peabody location. Blending old-style charm and character with thoughtful modern updates, this inviting home offers the best of both worlds. The updated kitchen features a fresh, modern feel while retaining the warmth and character of the home, and opens to a spacious outdoor patio—perfect for summer dining, entertaining, or relaxing. A lovely yard provides plenty of space to enjoy the outdoors. Conveniently located just minutes from all that downtown Peabody 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: 519 sq ft (the lesser of 900 sq ft or half the 1,038 sq ft principal dwelling). Lot size: 10,001 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 MLS and other third-party data may be inaccurate or out of date.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.

Property Details

Financials

Original Price$499,900
Annual Taxes$4,630

Parking

Garage0
Off-Street6

Interior Specifications

Total Rooms6
FireplacesNone
FlooringTile, Carpet, Hardwood
BasementFull, Walk-Out Access

Climate & Utilities

HeatingBaseboard, Propane
CoolingWindow Unit(s)
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
Roof--
FoundationConcrete Perimeter, Block, Stone
ZoningR1A

Property & Lot

Acres0.23
SqFt Lot10,001
Lot FeaturesEasements, Level

Amenities & Appliances

Water Heater • Range • Dishwasher • Microwave • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Park • Medical Facility • Laundromat • Conservation Area

Geography

Floorplan Breakdown

Structural Layout

First
Living RoomDining RoomKitchenPrimary BedroomBedroom 2Bedroom 3Bathroom 1
Living Room
Lvl First

Closet, Flooring - Hardwood

Dining Room
Lvl First

Flooring - Hardwood, Open Floorplan

Kitchen
Lvl First

Cathedral Ceiling(s), Countertops - Stone/Granite/Solid, Stainless Steel Appliances

Primary Bedroom
Lvl First

Closet, Flooring - Wall to Wall Carpet

Bedroom 2
Lvl First
Bedroom 3
Lvl First

Closet, Flooring - Hardwood, Attic Access

Bathroom 1
Lvl First

Bathroom - Full

Listing Provided By

Listing Agent: Nicole Reid

Listing Office: Aluxety

MLS® Number: 73568798