33 Pierpont St Peabody — Photo 1 of 29
$599,900
Investment Analysis — 33 Pierpont 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 4.38% cap rate and $26,258/yr in estimated NOI at the $599,900 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
1.5
SqFt
1,800
Style
Single Family
Built
1880
*Ask about fixed rates in the low 5s, a $25,000 grant, and options with as little as $500 down!* Welcome to 33 Pierpont Street in Peabody—recently ranked the #1 hottest ZIP code in America by Realtor.com! Owned by the same family for the past 13 years, this 4-bedroom, 1.5-bath home blends classic character with modern updates. The main level offers hardwood floors, detailed trim, a living room, a dining room with built-ins, and an updated kitchen featuring granite countertops and stainless steel appliances. Three generously sized bedrooms make up the second floor. The third floor offers a fourth bedroom and an additional family room or flex space ideal for a home office or playroom. Major improvements include a newer roof (2023), heating system (2021) and hot water heater (2025). Peabody’s lower property-tax rate and municipal electric utility help make living here more affordable. Walk to downtown Peabody and enjoy convenient access to local restaurants, shops, cafes, parks, and community amenities, along with nearby public transportation, including the Salem MBTA Commuter Rail! Scheduling your showing today!
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: 900 sq ft (the lesser of 900 sq ft or half the 1,800 sq ft principal dwelling). Lot size: 3,180 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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater • Water Heater • Range • Dishwasher • Microwave
Neighborhood
Public Transportation • Shopping • Park • Highway Access • Private School • Public School
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstCeiling Fan(s), Flooring - Hardwood
Dining Room
Lvl FirstFlooring - Hardwood
Kitchen
Lvl FirstFlooring - Laminate, Balcony / Deck
Family Room
Lvl ThirdPrimary Bedroom
Lvl SecondCeiling Fan(s), Flooring - Laminate
Bedroom 2
Lvl SecondBedroom 3
Lvl SecondFlooring - Hardwood
Bedroom 4
Lvl ThirdFlooring - Wall to Wall Carpet
Listing Agent: Johnny Long
Listing Office: PRIVI Realty LLC
MLS® Number: 73562268