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11 Coleman Street Peabody — Photo 1 of 36

11 Coleman Street Peabody — Photo 1 of 36

$699,000

Investment Analysis — 11 Coleman Street

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 3.28% cap rate and $22,953/yr in estimated NOI at the $699,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

3

SqFt

2,200

Style

Single Family

Built

2001

Welcome home to this move-in ready ranch designed for easy living and unforgettable summer entertaining. Enter to find bright, welcoming spaces featuring new windows, updated doors, recessed lighting, and low-maintenance flooring throughout. The inviting living room leads directly to a well-appointed kitchen outfitted with sleek granite countertops, a center island, stainless steel appliances, a pantry, and direct access outside for seamless patio dining. Updated bathrooms showcase crisp tile finishes, while central A/C and ceiling fans ensure year-round comfort. The main level features two generously sized bedrooms, including a spacious primary suite with double closets and a private en suite bath, plus an additional updated full bath. Downstairs, the finished walk-out lower level provides incredible flexibility with a family room boasting a tray ceiling, third bedroom, full bath with shower stall, along with a dedicated laundry area. Your personal backyard paradise awaits outside, complete with a private above ground pool, fully fenced yard, storage shed, and multiple open-air spaces to host or relax, including a porch, deck, and patio. With a newer roof, refreshed interior finishes, and convenient paved off-street parking, this home offers peace of mind and effortless indoor-outdoor living. *By entering the property you are giving consent to being recorded at an open house or any showings.*

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 2,200 sq ft principal dwelling). Lot size: 11,861 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.

Immersive Experience

Property Details

Financials

Original Price$699,000
Annual Taxes$5,137

Parking

Garage0
Off-Street5

Interior Specifications

Total Rooms6
FireplacesNone
FlooringTile, Vinyl
BasementFinished, Walk-Out Access, Interior Entry

Climate & Utilities

HeatingBaseboard, Oil
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionConventional (2x4-2x6)
RoofShingle
FoundationConcrete Perimeter
ZoningR1A

Property & Lot

Acres0.27
SqFt Lot11,861
Lot Features--

Amenities & Appliances

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

Neighborhood

Public Transportation • Shopping • Park • Golf • Highway Access • House of Worship

Geography

Floorplan Breakdown

Structural Layout

First
Living RoomKitchenPrimary BedroomBedroom 2Bathroom 1Bathroom 2
Basement
Family RoomBedroom 3Bathroom 3
Living Room
Lvl First

12 x 11

Flooring - Vinyl, Cable Hookup, Recessed Lighting

Kitchen
Lvl First

13 x 15

Ceiling Fan(s), Flooring - Vinyl, Dining Area, Pantry, Countertops - Stone/Granite/Solid, Kitchen Island, Exterior Access, Stainless Steel Appliances

Family Room
Lvl Basement

19 x 22

Flooring - Vinyl, Cable Hookup, Exterior Access, Recessed Lighting

Primary Bedroom
Lvl First

9 x 14

Bathroom - Full, Ceiling Fan(s), Closet, Flooring - Vinyl, Cable Hookup

Bedroom 2
Lvl First

10 x 14

Bedroom 3
Lvl Basement

9 x 13

Closet, Flooring - Vinyl, Cable Hookup, Recessed Lighting

Bathroom 1
Lvl First

9 x 5

Bathroom - Full, Bathroom - With Shower Stall, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid

Bathroom 2
Lvl First

9 x 5

Bathroom - Full, Bathroom - Tiled With Tub, Flooring - Stone/Ceramic Tile, Recessed Lighting

Bathroom 3
Lvl Basement

4 x 7

Bathroom - Full, Bathroom - With Shower Stall, Flooring - Vinyl

Listing Provided By

Listing Agent: Kimberly Mclaine

Listing Office: Lamacchia Realty, Inc.

MLS® Number: 73582258