Active
44 Days on market
258 Washington Street Peabody — Photo 1 of 13

258 Washington Street Peabody — Photo 1 of 13

$980,000

258 Washington Street, Peabody, MA 01960

Peabody, MA 01960

Beds

8

Baths

3

SqFt

3,000

Style

3 Family - 3 Units Up/Down

Built

1880

BOM - Seller Financing fell through ***Well-maintained and income-producing three-family home with excellent rental history. The property features two spacious three-bedroom units and a third unit offering two bedrooms plus additional flexible space. All three apartments have been well cared for, and the property has been well managed with long-term tenants who have expressed interest in remaining. All tenants are TAW. A number of major systems have been updated, including a roof approximately 10 years old, hot water heaters that are approximately 2–3 years old, and heating systems ranging from approximately 3–10 years old. Lead paint certificates in hand for all 3 units. Dedicated off-street parking for at least six vehicles. Current rents are under market and provide an opportunity for a new owner to increase income creating improved cash flow. A strong investment opportunity for an owner-occupant or investor seeking a well-maintained multifamily property with established tenancy, substantial parking, and excellent income potential.

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$327/sqft
Local Avg (Peabody)$371/sqft
12% BelowMarket Average

* Analysis is based on 23 actively listed and recently sold comparable properties strictly within Peabody, MA.

Property Details

Financials

Original Price$980,000
Annual Taxes$7,261

Parking

Garage0
Off-Street9

Interior Specifications

Total Rooms15
FireplacesNone
Flooring--
BasementFull

Climate & Utilities

Heating--
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationStone, Brick/Mortar
ZoningR2

Property & Lot

Acres0.17
SqFt Lot7,449
Lot Features--

Neighborhood

Public Transportation • Shopping • Medical Facility • Laundromat • Highway Access

Geography

Population

54,474

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$97K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

34.6%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Essex County

1,060 housing units permitted in the last 12 months (-11% vs the prior 12 months) — 603 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jul '26)

Listing Provided By

Listing Agent: Michael Rauseo

Listing Office: Better Homes and Gardens Real Estate - The Shanahan Group

MLS® Number: 73562856

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