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13 Rainbow Cir Peabody — Photo 1 of 32

$759,000

Investment Analysis — 13 Rainbow Cir

Peabody, MA 01960 — South Peabody

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 3.27% cap rate and $24,839/yr in estimated NOI at the $759,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

2,352

Style

Single Family

Built

1951

MUST SEE opportunity to own a fully renovated, turn-key home in a desirable South Peabody neighborhood. This property features numerous updates all within the last three years, including a new roof, siding, furnace, heat pump, mini-splits, hot water heater, windows, and double dormers. Each floor offers thoughtfully designed living space: First floor features an open-concept kitchen with gorgeous granite countertops that flows into a warm inviting living room with a fireplace, along with two bedrooms and a full bath. Second floor Highlights a massive primary suite with a tranquil, spa-like bathroom, plus an additional bedroom. Walkout Basement includes an open family room, another full bathroom, and plenty of dry storage space. Situated on a generous 6,120-square-foot lot, the home also comes complete with a single-car garage, a fenced-in yard, and a patio. Don't miss the chance to own a home in one of 2026's "Hottest ZIP Codes"!

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 2,352 sq ft principal dwelling). Lot size: 6,120 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.

Financials

Original Price$759,000

Annual Taxes$6,078

Parking

Garage1

Off-Street4

Interior Specifications

Total Rooms6

Fireplaces1

FlooringWood, Tile, Hardwood

BasementFull, Partially Finished, Walk-Out Access

Climate & Utilities

HeatingForced Air, Heat Pump, Oil

CoolingDuctless

WaterPublic

SewerPublic Sewer

Building & Exterior

ConstructionFrame

RoofShingle

FoundationConcrete Perimeter

ZoningR1A

Property & Lot

Acres0.14

SqFt Lot6,120

Lot FeaturesCorner Lot, Level

Amenities & Appliances

Electric Water Heater • Water Heater • Dishwasher • Disposal • Microwave • Washer • Dryer • ENERGY STAR Qualified Refrigerator • ENERGY STAR Qualified Dishwasher

Neighborhood

Public Transportation • Shopping • Pool • Park • Golf • Medical Facility

Geography

Floorplan Breakdown

Structural Layout

Second

Primary BedroomBedroom 2Bathroom 2

First

Living RoomBedroom 3Bedroom 4Bathroom 1

Basement

Family RoomBathroom 3

Main,First

Kitchen

Living Room

Lvl First

17.2 x 11.7

Ceiling Fan(s), Flooring - Hardwood

Kitchen

Lvl Main,First

17.3 x 11.1

Flooring - Stone/Ceramic Tile, Pantry, Countertops - Stone/Granite/Solid, Kitchen Island, Recessed Lighting, Stainless Steel Appliances, Lighting - Pendant