Active
53 Days on market
258 Washington Street Peabody — Photo 1 of 13

258 Washington Street Peabody — Photo 1 of 13

$980,000

258 Washington Street, Peabody, MA 01960

Peabody, MA 01960

Beds

8

Baths

3

SqFt

3,000

Style

3 Family - 3 Units Up/Down

Built

1880

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.

Key facts

It was listed on August 12, 2026. The annual property taxes are $7,261 (2025 tax year). It sits on a 0.17-acre (7,449 sq ft) lot.

Open Houses

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$327/sqft
Local Avg (Peabody)$349/sqft
6% BelowMarket Average

* Analysis is based on 23 actively listed and recently sold comparable properties strictly within Peabody, MA.

Property Details

Financials

Original Price$980,000
Annual Taxes$7,261

Parking

Garage0
Off-Street9

Interior Specifications

Total Rooms15
FireplacesNone
Flooring--
BasementFull

Climate & Utilities

Heating--
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationStone, Brick/Mortar
ZoningR2

Property & Lot

Acres0.17
SqFt Lot7,449
Lot Features--

Neighborhood

Public Transportation • Shopping • Medical Facility • Laundromat • Highway Access

Geography

Questions about this home

When was 258 Washington Street, Peabody listed?

258 Washington Street, Peabody was listed on August 12, 2026.

Has the price of 258 Washington Street, Peabody changed?

The price hasn't changed since it was listed at $980,000.

What are the property taxes for 258 Washington Street, Peabody?

The annual property taxes for 258 Washington Street, Peabody are $7,261 (2025 tax year).

How big is the lot at 258 Washington Street, Peabody?

258 Washington Street, Peabody sits on a 0.17-acre (7,449 sq ft) lot.

What is the status of 258 Washington Street, Peabody?

258 Washington Street, Peabody is actively listed for sale.

Population

54,474

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$97K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

34.6%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Essex County

1,060 housing units permitted in the last 12 months (-11% vs the prior 12 months) — 603 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jul '26)

Listing Provided By

Listing Agent: Michael Rauseo

Listing Office: Better Homes and Gardens Real Estate - The Shanahan Group

MLS® Number: 73562856