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Active Under Contract

258 Washington Street, Peabody MA 01960

Peabody, MA 01960

$965K
8 BD · 3 BA · 3,000 sf · 0.17 ac · Built 1880
The residence

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 strong 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.

At a glance
Property type
3 Family - 3 Units Up/Down
Status
Active Under Contract
Year built
1880
Lot size
0.17 acres
Living area
3,000 sf
MLS#
74aa0026a4cd6c713dff0a25ebb7473d
Beds · Baths
8 · 3
Location

Peabody, MA.

Peabody, Massachusetts, is a market our advisors follow closely — its streets, housing stock and setting each shape what a residence here is worth and how it lives day to day. We are glad to walk you through the locale in detail, and how this particular address sits within it.

Estimated Monthly Payment+
$5K/mo
Approximate · principal & interest only
Display Currency
$965K

Indicative conversion — settlement always in USD.

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Listing courtesy of Better Homes and Gardens Real Estate - The Shanahan Group · MLSPIN

MLS Property Information Network.The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

Listings updated Oct 22, 2026

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