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INVESTMENT SNAPSHOT
About this property
Rare ranch-style 3-family opportunity in Peabody! Each unit offers single-level living with 1 bedroom, 1 bath, a living room and kitchen. Tucked behind other buildings off a busy street, this property is within walking distance of downtown Peabody, local restaurants and everyday amenities. Two units are occupied by long-term, month-to-month tenants who would like to stay—an appealing opportunity to owner-occupy while collecting rent from the other two units. Updates include a new roof (2022), new hot water heater (2026), recently painted interior in Unit 3 and newly glazed tubs in Units 1 and 2. Three (3) private parking spaces, with room for a fourth using tandem parking. Each unit has dedicated storage in the large, dry basement. Current rents include heat and are below market, offering potential for increased rental income and equity through future improvements. A unique opportunity for investors and owner-occupants alike!
Property details
| Units | 3 |
| Living area | 1,536 sqft |
| Lot size | 5,759 sqft |
| Year built | 1940 |
| Price / sqft | $423 |
| County | Essex |
| MLS # | 73596952 |
Listing status
| Days on market | 0 days |
| Listed on | October 30, 2026 |
Taxes & financials
| Annual property tax | $5,331 |
| Tax year | 2025 |
| Assessed value | $575,700 |
| Zoning | BN2 |
| Gross income (actual) | $28,800/yr |
| Net operating income (actual) | $12,168/yr |
| Total actual rent | $2,400/mo |
| Electric expense | $206/yr |
| Insurance expense | $2,097/yr |
Building & lot
| Stories | 3 |
| Total rooms | 9 |
| Lot size | 0.13 acres |
| Garage spaces | 0 |
| Parking spaces | 4 |
| Parking | Paved Drive, Shared Driveway, Off Street, Paved |
| Basement | Full |
| Foundation | Concrete Perimeter |
| Roof | Shingle |
| Construction | Frame |
| Flooring | Wood, Tile, Varies, Hardwood |
Utilities & systems
| Heating | Baseboard, Natural Gas |
| Cooling | None |
| Sewer | Public Sewer |
| Water | Public |
| Utilities | for Electric Range |
| Appliances | Range, Refrigerator |
Location
More about investing in Peabody →
Listing courtesy of Keller Williams Realty — Deborah Higgins. Listing data © MLS PIN.
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Questions & answers
Answered from the listing data and public map data.
How many units does 153R Washington St, Peabody MA 01960 have?
It is a 3-unit multi-family property with 1,536 sqft of living area, built in 1940.
How long has 153R Washington St, Peabody MA 01960 been on the market?
153R Washington St, Peabody MA 01960 has been listed for 0 days (since October 30, 2026).
What is the price per unit?
At a list price of $649,900 across 3 units, that works out to roughly $216,633 per unit.
What are the property taxes on 153R Washington St, Peabody MA 01960?
Annual property taxes are $5,331 (2025), on an assessed value of $575,700.
What is the price per square foot?
At $649,900 for 1,536 sqft, that's about $423 per square foot.
Is there parking?
4 total parking spaces (paved drive, shared driveway, off street, paved).
Where is this property located?
153R Washington St, Peabody MA 01960 is in Peabody, Essex County, MA 01960.
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