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$980,000

Back on Market

258 Washington Street

Peabody, MA, 01960

Multi-Family · MLS #73562856

Price/sqft

$327

Days on market

32 days

Year built

1880

Lot size

0.17 ac

3 full

Baths

3,000 sq ft

Sq Ft

0.17 acres

Lot

1880

Year Built

Taxes: $7,261 (2025)

About this home

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.

Location

258 Washington Street, Peabody, MA, 01960

Property details

Road type
Public
Basement
Full
Electric
200 Amps

Listed by Michael Rauseo · Better Homes and Gardens Real Estate - The Shanahan Group

Schedule a showing

258 Washington Street

By submitting you agree to be contacted by Antonio Illas.

Estimated payment

$6,245 / month

Down payment20% · $196,000
Interest rate7.03%

Loan term

Principal & interest
$5,232
Property tax
$605
Home insurance
$408

Estimate only. Actual payment may vary based on credit, taxes, HOA, and insurance. Tax estimate uses listed taxes.

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