55 Harris St Peabody — Photo 1 of 26
$469,500
Investment Analysis — 55 Harris St
Peabody, MA 01960
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-bedroom in 01960 carries an estimated $2,560/mo in gross rent — about a 4.12% cap rate and $19,344/yr in estimated NOI at the $469,500 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
1
SqFt
872
Style
Single Family
Built
1880
Welcome to the newly rated #1 HOTTEST MARKET in the US! This charming Cape-style home offering a wonderful combination of comfort, character, and newer updates. The first floor features a welcoming living room with beautiful hardwood floors, a comfortable kitchen,full bath, and peaceful 3 season porch. Upstairs, you'll find two bedrooms along with a versatile third room that is perfect for a nursery, home office, workout space, or hobby room. Thoughtful updates throughout make this home move-in ready while maintaining its cozy Cape-style appeal. Conveniently located just minutes from downtown Peabody, with easy access to restaurants, shopping, entertainment, parks, and major commuter routes. A great opportunity to own a charming home in a convenient location!
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: 436 sq ft (the lesser of 900 sq ft or half the 872 sq ft principal dwelling). Lot size: 2,980 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 MLS and other third-party data may be inaccurate or out of date.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 • Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Park • Medical Facility • Laundromat • House of Worship • Public School
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,First19 x 10
Flooring - Hardwood, Lighting - Overhead
Kitchen
Lvl Main,First19 x 10
Flooring - Vinyl, Countertops - Stone/Granite/Solid, Breakfast Bar / Nook, Cabinets - Upgraded, Recessed Lighting
Office
Lvl Second9 x 7
Flooring - Wall to Wall Carpet
Primary Bedroom
Lvl Second14 x 9
Closet, Flooring - Wall to Wall Carpet, Lighting - Overhead
Bedroom 2
Lvl Second10 x 11
Bathroom 1
Lvl Main,First11 x 7
Bathroom - Full, Bathroom - Tiled With Tub & Shower, Closet - Linen, Flooring - Vinyl, Lighting - Overhead
Listing Agent: Manny Paolucci
Listing Office: Keller Williams Realty-Merrimack
MLS® Number: 73563872