Active
5 Days on market
500 Northshore Rd #11A Peabody — Photo 1 of 33

500 Northshore Rd #11A Peabody — Photo 1 of 33

$449,000

Investment Analysis — 500 Northshore Rd #11A

Peabody, MA 01960

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-bedroom in 01960 carries an estimated $2,560/mo in gross rent — about a 3.48% cap rate and $15,633/yr in estimated NOI at the $449,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

2

Baths

1

SqFt

853

Style

Condominium

Built

1975

Comfort, style and thoughtful updates come together in this inviting 2-bedroom condo, ideally located in the country’s current hottest ZIP Code, offering a rare opportunity as the first 2-bedroom to become available in this highly desirable complex since 2023! Offering 853 sq. ft. of well-designed living space, a neutral palette and high ceilings create a bright, spacious feel, while thoughtfully placed built-ins add both character and function. The living room is warm and welcoming with recessed lighting and an electric fireplace, opening directly to a private gated deck that extends the living space outdoors. The updated kitchen blends style and practicality with granite countertops, stainless steel appliances and a center island with seating and storage. The primary bedroom features two closets with built-in storage, while the second bedroom offers a double closet along with additional built-ins. An upgraded bath with extensive tilework, a glass-enclosed shower and granite-topped vanity complements the home’s clean, polished feel. A $360 monthly condo fee that INCLUDES HEAT adds even more value! Everyday conveniences include two wall-unit A/Cs, a laundry room just one door down the hall, additional private storage, two assigned parking spaces and ample guest parking. Beyond the unit, enjoy the association’s inground pool and the Independence Greenway extension currently underway along Northshore Road. With shopping, dining and major highways nearby, this is an opportunity to enjoy easy condo living with comfort, character and convenience in a Peabody location that’s getting attention for all the right reasons!

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.

Property Details

Financials

Original Price$449,000
Annual Taxes$3,405
HOA Fee$359.1

Parking

Garage0
Off-Street2

Interior Specifications

Total Rooms4
Fireplaces1
FlooringTile, Carpet, Wood Laminate, Flooring - Wall to Wall Carpet
BasementN

Climate & Utilities

HeatingCentral, Baseboard, Oil
CoolingWall Unit(s)
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionBrick
Roof--
Foundation--
ZoningR2

Property & Lot

Acres--
SqFt Lot--
Lot Features--

Amenities & Appliances

Range • Dishwasher • Disposal • Microwave • Refrigerator

Neighborhood

Public Transportation • Shopping • Pool • Walk/Jog Trails • Golf • Medical Facility

Geography

Floorplan Breakdown

Structural Layout

First
Primary BedroomBedroom 2Bathroom 1
Main,First
Living RoomKitchen
Living Room
Lvl Main,First

14 x 19

Flooring - Wall to Wall Carpet, Deck - Exterior, Exterior Access, Recessed Lighting, Slider, Crown Molding

Kitchen
Lvl Main,First

14 x 8

Flooring - Laminate, Countertops - Stone/Granite/Solid, Countertops - Upgraded, Kitchen Island, Cabinets - Upgraded, Open Floorplan, Recessed Lighting, Remodeled, Stainless Steel Appliances

Primary Bedroom
Lvl First

15 x 12

Closet/Cabinets - Custom Built, Flooring - Wall to Wall Carpet, Crown Molding

Bedroom 2
Lvl First

13 x 12

Bathroom 1
Lvl First

5 x 9

Bathroom - Full, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Countertops - Upgraded, Handicap Equipped, Remodeled

Listing Provided By

Listing Agent: Paul Dipietro

Listing Office: RE/MAX Beacon

MLS® Number: 73578662