Investment Analysis — 67 Andover St

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 3.69% cap rate and $22,168/yr in estimated NOI at the $599,999 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

2,185

Style

Single Family

Built

1973

Welcome to 67 Andover St. in Peabody! This charming ranch-style single-family home features 3 bedrooms and 3 full bathrooms, including a spacious primary suite with its own private bathroom. The home offers beautiful hardwood floors throughout, an inviting open-concept layout connecting the kitchen and dining area to the living room, and a kitchen equipped with stainless-steel appliances. The finished basement provides additional living space with excellent in-law potential, while the nice-sized backyard and huge deck offer plenty of room for outdoor entertaining, relaxing, and enjoying the warmer months. With its flexible layout, generous living spaces, and desirable indoor and outdoor features, this home is ready to welcome its next owner.

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 2,185 sq ft principal dwelling). Lot size: 8,533 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 MLS and other third-party data may be inaccurate or out of date.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.