INNOVATE
Real Estate
No photos available for this listing

$1,285,000

149 Washington St, Peabody MA 01960
Peabody, MA 01960
Listed by Lisa Leonard
Bedrooms
N/A
Bathrooms
N/A
Living area
4,617 sqft
Year built
1890

About this home

Located just south of Peabody town center- a rare opportunity to acquire a versatile 6 unit mixed use property (4 Res/2 com) just south of Peabody Sq.This property is a diamond in the rough with untapped income potential and is a blank canvas for investors. Featuring: 4 residential (4 Rm, 2 BR, 1 BA each) and approx.1515 sf of highly visible commercial storefront space with excellent foot & vehicle traffic and great exposure (commercial is being used as 2 separate retail spaces). It's strategic location is situated in a very walk-able mixed use neighborhood district, boasting a walkscore of 86 out of 100. It is steps to public transportation, a wide array of local businesses, restaurants, shopping, entertainment, bars, parks, schools and more. Only minutes to Main/Lowell/Boston/Lynnfield streets, highway access-I95/128, Rte 1. Rents are below market value.

Property details

MLS #
73511501
Property type
Commercial Sale
Subdivision
N/A
Status
Active
Days on market
N/A
On market date
N/A
Stories
N/A
Garage spaces
N/A
Lot size
0.07 acres

Location

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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
William A Welch Sr
0.2 mi away · Grades -1-5
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
346
Student:teacher ratio
13.8:1
District
Peabody
Middle
J Henry Higgins Middle
0.59 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
1,393
Student:teacher ratio
13.8:1
District
Peabody
High
Salem High
1.45 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
803
Student:teacher ratio
8.2:1
District
Salem

Mortgage calculator

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Est. monthly payment
$7,888/mo
$257,000 down
$1,028,000 loan
Principal & interest$6,668
Property tax (est.)$1,071
Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated June 29, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.