
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.
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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Disposal • Microwave • Refrigerator
Neighborhood
Public Transportation • Shopping • Pool • Walk/Jog Trails • Golf • Medical Facility
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,First14 x 19
Flooring - Wall to Wall Carpet, Deck - Exterior, Exterior Access, Recessed Lighting, Slider, Crown Molding
Kitchen
Lvl Main,First14 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 First15 x 12
Closet/Cabinets - Custom Built, Flooring - Wall to Wall Carpet, Crown Molding
Bedroom 2
Lvl First13 x 12
Bathroom 1
Lvl First5 x 9
Bathroom - Full, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Countertops - Upgraded, Handicap Equipped, Remodeled
Listing Agent: Paul Dipietro
Listing Office: RE/MAX Beacon
MLS® Number: 73578662

