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31 Paul Ave Peabody — Photo 1 of 42

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.

View Standard Listing

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

Original Price$899,900
Annual Taxes$7,512

Parking

Garage2
Off-Street10

Interior Specifications

Total Rooms11
Fireplaces2
FlooringTile, Hardwood
BasementFull, Finished, Walk-Out Access, Concrete

Climate & Utilities

HeatingForced Air, Natural Gas, Electric
CoolingCentral Air, Ductless
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningR1

Property & Lot

Acres0.6
SqFt Lot26,101
Lot FeaturesCleared, Level

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

First
Living RoomDining RoomKitchenPrimary BedroomBedroom 2Bedroom 3Bathroom 1Bathroom 2
Basement
Family RoomBedroom 4Bathroom 3
Living Room
Lvl First

Flooring - Hardwood, Window(s) - Bay/Bow/Box

Dining Room
Lvl First

Flooring - Hardwood, Exterior Access

Kitchen
Lvl First

Flooring - Hardwood, Dining Area, Countertops - Stone/Granite/Solid, Recessed Lighting

Family Room
Lvl Basement

Flooring - Vinyl, Recessed Lighting

Primary Bedroom
Lvl First

Bathroom - Half, Closet, Flooring - Hardwood

Bedroom 2
Lvl First
Bedroom 3
Lvl First

Closet, Flooring - Hardwood

Bedroom 4
Lvl Basement

Closet, Flooring - Vinyl

Bathroom 1
Lvl First

Bathroom - Full, Bathroom - With Tub & Shower, Closet - Linen, Jacuzzi / Whirlpool Soaking Tub, Recessed Lighting

Bathroom 2
Lvl First

Bathroom - Half

Bathroom 3
Lvl Basement

Bathroom - 3/4

Listing Provided By

Listing Agent: Joyce Cucchiara

Listing Office: Coldwell Banker Realty - Lynnfield

MLS® Number: 73578223