3 Family - 3 Units Up/Down at 258 Washington Street, Peabody MA 01960, Peabody
3 Family - 3 Units Up/Down at 258 Washington Street, Peabody MA 01960, Peabody, photo 2 of 13
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3 Family - 3 Units Up/Down at 258 Washington Street, Peabody MA 01960, Peabody, photo 4 of 13
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13 photos

$980,000

258 Washington Street, Peabody MA 01960
Peabody, MA 01960
Listed by Michael Rauseo
Bedrooms
8
Bathrooms
3
Living area
3,000 sqft
Year built
1880

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.

Property details

MLS #
73562856
Property type
3 Family - 3 Units Up/Down
Subdivision
N/A
Status
Active
Days on market
49
On market date
August 12, 2026
Stories
3
Total bathrooms
3
Garage spaces
N/A
Parking spaces
9
Lot size
0.17 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).

Elementary
William A Welch Sr
0.5 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
0.42 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
1.73 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

Walkability

Blended score for Peabody's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

79
Walkable
out of 100
EPA National Walkability Index
12.8 / 20 -- Above average walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores7
Parks15
Schools13
Transit stops20
Pharmacies3

Market position

How this listing compares to current activity in Peabody, from live MLS data.

On the market 49 days -- 30 fewer days than Peabody's current average of 79 days.
For reference, the median list price across 202 active listings in Peabody right now is $457,000.

Mortgage calculator

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Est. monthly payment
$6,052/mo
$196,000 down
$784,000 loan
Principal & interest$5,085
Property tax (est.)$817
Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated 2 days ago.

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.