Investment Analysis — 18 Clement Ave

Peabody, MA 01960 — South Peabody

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 4.87% cap rate and $23,875/yr in estimated NOI at the $489,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

1.5

SqFt

1,040

Style

Single Family

Built

1935

Tucked in a convenient location near downtown with an easy commute to Rt. 128, this well-loved 3-bedroom, 1-bath home has been in the same family for years and is ready for its next chapter. An enclosed sun porch welcomes you in, while hardwood floors flow throughout the spacious living room, dining room, and bedrooms, filling the home with natural light. Out back, a spacious deck offers privacy for relaxing or entertaining, overlooking a small, manageable yard. Parking for two vehicles adds everyday convenience. The kitchen and bath are ready for your personal touch — a great opportunity to update and make this home your own. Major systems are already handled: the furnace was replaced in 2014, windows have been updated, and the exterior is in great shape, so you can focus your energy on the cosmetic upgrades that matter most to you. Showings begin at 1st open house. Open Houses: Thursday October 8th, 5:00-6:30; Saturday October 10th: 10-11:30 & Sunday, October 11th: 11-12:30.

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: 520 sq ft (the lesser of 900 sq ft or half the 1,040 sq ft principal dwelling). Lot size: 3,433 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.