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INVESTMENT SNAPSHOT
About this property
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, street parking 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
| Units | 6 |
| Living area | 4,617 sqft |
| Lot size | 3,223 sqft |
| Year built | 1890 |
| Price / sqft | $278 |
| County | Essex |
| MLS # | 73511500 |
Listing status
| Days on market | 28 days |
| Listed on | May 1, 2026 |
Taxes & financials
| Annual property tax | $10,451 |
| Tax year | 2025 |
| Assessed value | $768,100 |
| Zoning | BN2 |
| Gross income (actual) | $97,980/yr |
| Net operating income (actual) | $52,162/yr |
| Total actual rent | $9,980/mo |
Building & lot
| Stories | 5 |
| Total rooms | 18 |
| Lot size | 0.07 acres |
| Garage spaces | 0 |
| Parking spaces | 0 |
| Parking | On Street |
| Foundation | Slab |
| Roof | Rubber |
| Construction | Frame |
Utilities & systems
| Heating | Baseboard |
| Sewer | Public Sewer |
| Water | Public |
Location
More about investing in Peabody →
Listing courtesy of Century 21 Mario Real Estate — Lisa Leonard. Listing data © MLS PIN.
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Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 149 Washington St, Peabody MA 01960 have?
It is a 6-unit multi-family property with 4,617 sqft of living area, built in 1890.
How long has 149 Washington St, Peabody MA 01960 been on the market?
149 Washington St, Peabody MA 01960 has been listed for 28 days (since May 1, 2026).
What is the estimated cap rate on this 6-family in Peabody?
Based on area median rents, the estimated cap rate is about 8.0%, with a Signal Score of 99/100. These are directional estimates, not an appraisal.
What is the price per unit?
At a list price of $1,285,000 across 6 units, that works out to roughly $214,167 per unit.
What are the property taxes on 149 Washington St, Peabody MA 01960?
Annual property taxes are $10,451 (2025), on an assessed value of $768,100.
What is the price per square foot?
At $1,285,000 for 4,617 sqft, that's about $278 per square foot.
Where is this property located?
149 Washington St, Peabody MA 01960 is in Peabody, Essex County, MA 01960.
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