149 Washington St, Peabody MA 01960
Peabody, MA 01960 • South Peabody
$1,285,000
$1,250,000
Est. $7,392/month
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About this home
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.
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Recently Sold Nearby
Property History
Market Insights
1
Price Changes
2.7%
Price Range
Property Timeline
Price Reduced
Jul 17, 2026
$1,250,000
$35,000
(-2.72%)
From $1,285,000 to $1,250,000 (-2.7%)
Showing Instructions Updated
May 4, 2026
New showing requirements
Showing Instructions Updated
May 4, 2026
New showing requirements
Listed for Sale
May 2, 2026
$1,285,000
Original listing
Agent: Lisa Leonard
Office: Century 21 Mario Real Estate
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 07/17/2026 | ↓ Price Reduced | $1,250,000 | $35,000 | - | From $1,285,000 to $1,250,000 (-2.7%) |
| 05/04/2026 | 👁️ Showing Instructions Updated | - | - | - | New showing requirements |
| 05/04/2026 | 👁️ Showing Instructions Updated | - | - | - | New showing requirements |
| 05/02/2026 | 🏠 Listed for Sale | $1,285,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $10,451 | $768,100 |
Financial Details
Annual Property Tax
$10,451
Tax Year 2025
Assessed Value
$768,100
Facts & Features
Home Facts
Type
Residential Income
Style
5-9 Family
Year Built
1890
Living Area
4,617 sq ft
Lot Size
0.07 acres
Stories
5
Bedrooms
8
Full Baths
4
Half Baths
2
Total Rooms
18
Investment Metrics
Units
6
Unit 1 Rent
$1,900/mo · Y
Unit 2 Rent
$1,700/mo · N
Unit 3 Rent
$2,400/mo · N
Unit 4 Rent
$1,900/mo · N
Total Monthly Rent
$7,900/mo
Gross Income
$118,800
Net Operating Income
$118,800
Cap Rate
9.50%
Interior
Heating
Baseboard
Cooling
None
Flooring
None
Appliances
None
Fireplace
None
Basement
None
Laundry
None
Features
None
Exterior
Construction
Frame
Architecture
None
Roof
Rubber
Features
None
Pool
None
Spa
None
Fencing
Fenced/enclosed, Fenced
Patio/Porch
Porch
Parking
Features
On Street
Utilities
Electric
Circuit Breakers
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$10,451
Assessed Value
$768,100
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Lead Paint
Unknown
Seller Disclosures
Rents Are Below Market Value. Rent Includes Heat & Hot Water-res & Com. All Units Taw With Exception To 1- Res Lease Exp 8/2026. 1 Commercial Space & 1 Residential #3 Currently Vacant - # 5 Rent Listed Is For Both Comm. Spaces. C1 & #3 Rent Projected. C2 Rent-$680. Send Offers Only. Do Not Send Loi.
Exclusions
Personal Property And Tenant Possessions
Additional Details
Possession
None
Accepted Financing
Contract
Structure Type
[]
Sq Ft Source
Public Record
Sq Ft Disclosures
1st floor is commercial space approx 1515 sf
Documents
None
County
Essex
Total market time (incl. prior listings)
109 days
Property Overview
Property Type
5-9 Family
Listing Type
For Sale
Year Built
1890
Bedrooms
8
Full Bathrooms
4
Half Bathrooms
2
Living Area
4,617 sq ft
Total Rooms
18
Stories
5
Levels
5
Floor Layout
Interactive room guide
Floor Layout
Finished Area
4,617 sq ft above grade
Display Options
Outdoor Areas
Patio & porchPorch
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Appliances:
Interior Features:
Windows:
Basement:
Laundry:
Security:
Construction & Materials
Year Built:
1890
Structure Type:
Exterior Materials:
Frame
Roof:
Rubber
Foundation:
Slab
Stories:
5
Heating, Cooling & Utilities
Heating:
Baseboard
Heating Zones:
6
Cooling:
Hot Water:
Natural Gas, Tank
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Porch
Fencing:
Fenced/Enclosed, Fenced
Other Structures:
Lot Features:
Road Surface:
Parking & Garage
Parking Features:
On Street
Nearby Schools
School District
Peabody School District local
C-
School Safety
2024-25
2.1%
Average
1.9%
Suspensions
1.7%
In-School
0.2%
Emergency
3.4% below state avg
Elementary Schools
3 schools
C
William A Welch Sr School
0.2 mi
|
#661 of 825
|
Score: 37.8
Improved 129 spots from last year
-20.4 below state avg
400 students
Diverse
Rising School
Grades K-05
B
Witchcraft Heights School
0.7 mi
|
#340 of 825
|
Score: 49.4
Improved 210 spots from last year
-8.8 below state avg
465 students
Diverse
Rising School
Diverse Student Body
Grades K-05
C-
Center School
0.9 mi
|
#687 of 825
|
Score: 36.5
Dropped 307 spots from last year
-21.7 below state avg
281 students
Diverse
Diverse Student Body
Grades PK-05
Middle Schools
3 schools
C+
J. Henry Higgins Middle School
0.6 mi
|
#235 of 352
|
Score: 37.4
Improved 10 spots from last year
-20.8 below state avg
1,271 students
Diverse
Grades 06-08
B-
Collins Middle School
1.4 mi
|
#203 of 352
|
Score: 40.3
Improved 76 spots from last year
-17.9 below state avg
753 students
Diverse
Rising School
Diverse Student Body
Grades 06-08
C+
Pickering Middle School
2.7 mi
|
#229 of 352
|
Score: 38.5
Improved 78 spots from last year
-19.7 below state avg
539 students
Diverse
Rising School
Grades 06-08
High Schools
3 schools
B+
Salem High School
1.5 mi
|
#124 of 346
|
Score: 58.3
Dropped 4 spots from last year
+0.1 above state avg
960 students
Diverse
18 sports
• 1,080 athletes
Early College Program
Career Tech Programs
College Ready Curriculum
Strong Athletics
Grades 09-12
Bishop Fenwick High School
1.5 mi
17 sports
• 1,390 athletes
Strong Athletics
Grades 09-12
B+
Salem Academy Charter School
2.3 mi
|
#141 of 346
|
Score: 57.0
Improved 95 spots from last year
-1.2 below state avg
477 students
Diverse
10 sports
• 568 athletes
High Graduation Rate
Rising School
College Ready Curriculum
Grades 06-12
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Over life of loan
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Including down payment
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Down: $0
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Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$871
Homeowners Insurance
$200
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
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$0
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Rate Impact
-0.5% Rate
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Current Rate
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+0.5% Rate
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Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.
Location
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Neighborhood
South Peabody
149 Washington St, Peabody MA 01960
Peabody, MA 01960
Listing Information
Listing Agent
Lisa Leonard
Listing Office
Century 21 Mario Real Estate
Office Phone
617-569-6044
Agent MLS ID
BB900332
Office MLS ID
BB2945
Listing Data Updated
Aug 18, 2026 6:54 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
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