
31 Paul Ave Peabody — Photo 1 of 42
$899,900
Investment Analysis — 31 Paul Ave
Peabody, MA 01960 — Rolling Hills
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 2.60% cap rate and $23,405/yr in estimated NOI at the $899,900 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
3
SqFt
2,364
Style
Single Family
Built
1962
HERE IS YOUR OPPORTUNITY TO OWN IN THE CITY WITH THE #1 ZIP CODE IN THE USA! REMARKABLE W. PEABODY PROPERTY WITH A LEGAL IN-LAW APARTMENT IN DESIRABLE ROLLING HILLS! The main level offers a wonderful open floor plan starting with the FP living room with HW floors & a bow window for added sunshine. Spacious kitchen/dining room area that offers a white cabinet kitchen, granite counters, dining area & opens seamlessly into the formal dining room for all those upcoming holidays. Both rooms also have HW floors & the dining room could be used as an optional first level family room. The primary bedroom offers a 1/2 bath. Two more bedrooms, all bedrooms with HW floors and a newly updated full bath finish the main level. LL consists of an IN-LAW apartment with new luxury vinyl flooring which consists of a living room, kitchen, bedroom and 3/4 bath. There is a family room on this level with a fireplace that could be used as a 2nd bedroom for the in-law. AMAZING fenced-in backyard with a salt-water in-ground pool, garden area, pergola, outdoor 1/2 bath, 12x20 shed and plenty of additional parking. GREAT space for someone in the trades that needs room for parking and storage. Two car heated garage connected by a laundry/ storage room with separate entrance for the in-law. Central air and updated heating. All of this in a neighborhood you will instantly fall in love with!
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 2,364 sq ft principal dwelling). Lot size: 26,101 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.
Open Houses
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Tankless Water Heater • Range • Dishwasher • Disposal • Trash Compactor • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Shopping • Walk/Jog Trails • Medical Facility • Bike Path • Highway Access • House of Worship
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstFlooring - Hardwood, Window(s) - Bay/Bow/Box
Dining Room
Lvl FirstFlooring - Hardwood, Exterior Access
Kitchen
Lvl FirstFlooring - Hardwood, Dining Area, Countertops - Stone/Granite/Solid, Recessed Lighting
Family Room
Lvl BasementFlooring - Vinyl, Recessed Lighting
Primary Bedroom
Lvl FirstBathroom - Half, Closet, Flooring - Hardwood
Bedroom 2
Lvl FirstBedroom 3
Lvl FirstCloset, Flooring - Hardwood
Bedroom 4
Lvl BasementCloset, Flooring - Vinyl
Bathroom 1
Lvl FirstBathroom - Full, Bathroom - With Tub & Shower, Closet - Linen, Jacuzzi / Whirlpool Soaking Tub, Recessed Lighting
Bathroom 2
Lvl FirstBathroom - Half
Bathroom 3
Lvl BasementBathroom - 3/4
Listing Agent: Joyce Cucchiara
Listing Office: Coldwell Banker Realty - Lynnfield
MLS® Number: 73578223

