153R Washington St, Peabody MA 01960

Peabody, MA 01960
$649,900
Est. $3,930/month
Estimate assumptions

20% down, a 30-year loan at 6.5%, and $200/month estimated insurance.

Includes the supplied property-tax and HOA inputs; missing inputs contribute $0. HOA fees with an unspecified frequency are treated as monthly. PMI and closing costs are excluded.

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3
Beds
3
Baths
1,536
Sq Ft
$423
Price/Sq Ft
0.13
Acres
1940
Year Built
4
Parking
New today
Time on Market
For Sale Open House Listed Oct 30, 2026 • MLS# 73596952 Copied! • Updated Oct 31, 2026

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Open House Schedule

31
Oct
Saturday, October 31
11:00 AM - 1:00 PM EDT
01
Nov
Sunday, November 1
11:00 AM - 1:00 PM EST

About this home

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!

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Recently Sold Nearby

Price & Status History

Property Timeline

🏠
Listed for Sale
Oct 30, 2026
$649,900
Original listing
Agent: Deborah Higgins Office: Keller Williams Realty

Tax History

Year Taxes Assessment
2025 $5,331 $575,700

Financial Details

Annual Property Tax
$5,331
Tax Year 2025
Assessed Value
$575,700

Facts & Features

Home Facts

Type Residential Income
Style 3 Family - 3 Units Side by Side
Year Built 1940
Living Area 1,536 sq ft
Lot Size 0.13 acres
Stories 3
Bedrooms 3
Full Baths 3
Total Rooms 9

Investment Metrics

Units 3
Unit 1 Rent $1,200/mo · Y
Unit 2 Rent $1,200/mo · Y
Unit 3 Rent — · N
Total Monthly Rent $2,400/mo
Gross Income $28,800
Net Operating Income $12,168
Operating Expenses $16,632
Water/Sewer Expense $1,469
Electric Expense $206
Insurance Expense $2,097
Cap Rate 1.87%
Heating Baseboard, Natural Gas
Cooling None
Flooring Wood, Tile, Varies, Hardwood
Appliances Range, Refrigerator
Fireplace None
Basement Full
Laundry None
Features Bathroom With Tub & Shower, Internet Available - Unknown, Living Room, Kitchen
Construction Frame
Architecture None
Roof Shingle
Features None
Pool None
Spa None
Fencing None
Patio/Porch Porch
Features Paved Drive, Shared Driveway, Off Street, Paved
Total Spaces 4
Electric Individually Metered
Water Public
Sewer Public Sewer
Gas None
Other For Electric Range

Financial

Annual Tax $5,331
Assessed Value $575,700
Fee Includes None
Amenities None
Optional Fee Includes None
Down Payment Resource Eligible
Lead Paint Yes
Seller Disclosures Note That Property Has Never Been Tested For Lead Paint During Sellers Ownership, But Sellers 07research Found A Record That Indicates A Test Was Done Previously Where Lead Paint Was Found. Unable To Confirm If The Record Was For This Property (153r) Or 153.
Exclusions All Items On Exterior Of Property, Including Large Structure W/Tv, Do Not Convey.
Possession None
Accepted Financing None
Structure Type []
House Color Gray
Sq Ft Source Public Record
Sq Ft Disclosures Does not include basement. Each unit has its own storage area in basement.
Documents None
County Essex
Total market time (incl. prior listings) 1 days

Property Overview

Property Type
3 Family - 3 Units Side by Side
Listing Type
For Sale
Year Built
1940
Bedrooms
3
Full Bathrooms
3
Living Area
1,536 sq ft
Total Rooms
9
Stories
3
Levels
3

Floor Layout

Interior Features

Flooring: Wood, Tile, Varies, Hardwood
Appliances: Range, Refrigerator
Interior Features: Bathroom With Tub & Shower, Internet Available - Unknown, Living Room, Kitchen
Windows:
Basement: Full
Laundry:
Security:

Construction & Materials

Year Built: 1940
Structure Type:
Exterior Materials: Frame
Roof: Shingle
Foundation: Concrete Perimeter
Stories: 3

Utilities & Systems

Heating: Baseboard, Natural Gas
Heating Zones: 3
Cooling: None
Hot Water: Natural Gas
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch: Porch
Fencing:
Other Structures:
Lot Features: Level
Road Surface:

Parking & Garage

Total Parking Spaces: 4
Parking Features: Paved Drive, Shared Driveway, Off Street, Paved

Nearby Schools

School information not available for this location.

Monthly Payment Calculator

Monthly Payment
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Loan Amount
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After down payment
Total Interest
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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 $444
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

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Current Rate
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+0.5% Rate
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Payment Over Time

Interest
Principal
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

153R Washington St, Peabody MA 01960

Peabody, MA 01960

Listing Information

Listing Agent Deborah Higgins
Listing Office Keller Williams Realty
Office Phone 978-475-2111
Agent MLS ID CT006780
Office MLS ID G95022
Listing Data Updated Oct 31, 2026 3:30 AM 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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Steve Novak Real Estate
Steve Novak Real Estate
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