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7 Princeton Street Peabody — Photo 1 of 41

7 Princeton Street Peabody — Photo 1 of 41

$820,000

Investment Analysis — 7 Princeton Street

Peabody, MA 01960 — Brooksby Farm

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 2.91% cap rate and $23,902/yr in estimated NOI at the $820,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

4

Baths

2.5

SqFt

2,372

Style

Single Family

Built

1961

Welcome to 7 Princeton Street! This exceptionally well-maintained 4+ bedroom home is set on nearly a half-acre in a sought-after, established Peabody neighborhood and offers an impressive footprint inside and out. Pride of ownership is evident throughout, with important improvements already in place, including high-efficiency gas heating and central air. The main level alone offers over 1,700 sq. ft. of living space with a spacious living room, dining room, kitchen, three bedrooms, plus a primary bedroom and large family room off the kitchen, providing an abundance of space and a flexible floor plan. Hardwood flooring lies beneath the carpeting throughout the original living room, dining room, hallway and three bedrooms . . an opportunity to uncover and restore the home’s original hardwood. A large trex deck with gas line overlooks the generous yard and extends the living and entertaining space outdoors. The spacious lower level offers tremendous expansion potential, with a family room featuring a fireplace, built-in bar, additional room and half bath, plus plenty of opportunity for the next owner to reimagine the space. The property also offers a generous dedicated storage area. A solid, exceptionally well-cared-for home offering remarkable space, flexibility and a beautiful lot with plenty of room to make it your own.

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 2,372 sq ft principal dwelling). Lot size: 19,759 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$820,000
Annual Taxes$7,015.38

Parking

Garage2
Off-Street4

Interior Specifications

Total Rooms10
Fireplaces1
FlooringTile, Carpet, Hardwood
BasementPartially Finished, Garage Access, Concrete

Climate & Utilities

HeatingCentral, Baseboard, Natural Gas
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningR1B

Property & Lot

Acres0.45
SqFt Lot19,759
Lot Features--

Amenities & Appliances

Gas Water Heater • Tankless Water Heater • Oven • Dishwasher • Microwave • Range • Refrigerator • Washer • Dryer • Range Hood

Neighborhood

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

Geography

Floorplan Breakdown

Structural Layout

First
KitchenFamily RoomPrimary Bedroom
Basement
Bedroom 5Bathroom 3
Main,First
Living RoomDining RoomBedroom 2Bedroom 3Bedroom 4Bathroom 1Bathroom 2
Living Room
Lvl Main,First

18 x 14

Flooring - Hardwood, Flooring - Wall to Wall Carpet, Open Floorplan

Dining Room
Lvl Main,First

11 x 11

Flooring - Hardwood, Flooring - Wall to Wall Carpet, Open Floorplan, Lighting - Pendant

Kitchen
Lvl First

14 x 14

Flooring - Stone/Ceramic Tile, Dining Area, Open Floorplan, Recessed Lighting

Family Room
Lvl First

14 x 16

Cathedral Ceiling(s), Ceiling Fan(s), Flooring - Wall to Wall Carpet, Deck - Exterior, Exterior Access, Slider, Sunken

Primary Bedroom
Lvl First

14 x 16

Closet, Flooring - Wall to Wall Carpet

Bedroom 2
Lvl Main,First

15 x 13

Bedroom 3
Lvl Main,First

10 x 13

Closet, Flooring - Hardwood, Flooring - Wall to Wall Carpet

Bedroom 4
Lvl Main,First

10 x 10

Closet, Flooring - Hardwood, Flooring - Wall to Wall Carpet

Bedroom 5
Lvl Basement

10 x 9

Closet, Flooring - Wall to Wall Carpet

Bathroom 1
Lvl Main,First

5 x 9

Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid

Bathroom 2
Lvl Main,First

8 x 6

Bathroom - 3/4, Bathroom - Tiled With Shower Stall

Bathroom 3
Lvl Basement

6 x 4

Bathroom - Half, Flooring - Stone/Ceramic Tile

Listing Provided By

Listing Agent: Joyce Sullivan

Listing Office: Serhant

MLS® Number: 73576975