71 Tremont Street, Peabody MA 01960
Peabody, MA 01960
$599,000
Est. $3,694/month
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Open House Schedule
22
Aug
Saturday, August 22
11:30 AM - 1:00 PM EDT
23
Aug
Sunday, August 23
1:00 PM - 2:30 PM EDT
21
Aug
Friday, August 21
10:00 AM - 12:00 PM EDT
About this home
**Loads of potential in this well-located two-family property near Peabody Square!** Whether you're looking for an investment opportunity or a property you can make your own, this home offers plenty of possibilities. One apartment is currently rented, providing immediate rental income, while the second and third floors offer an excellent opportunity for an owner-user to completely renovate and create one spacious, beautiful apartment. Imagine designing the upper levels to your own specifications with an open layout, modern finishes, and all the amenities you've been looking for. The property also features a large backyard area currently utilized as a driveway, providing ample off-street parking—a valuable feature in this convenient location. Situated close to Peabody Square, with easy access to local shops, restaurants, services, and transportation. A great opportunity for an investor, owner-occupant, or buyer looking to build equity through renovation. Bring your vision and unlock the potential of this versatile two-family property! First floor apartment can only be seen during open houses Friday 8/21 10am to Noon, Saturday 8/22 11:30am to 1pm and Sunday 8/23 1 to 2:30pm.
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Recently Sold Nearby
Property History
Property Timeline
Listed for Sale
Aug 20, 2026
$599,000
Original listing
Agent: Marjie and Phil
Office: Gibson Sotheby's International Realty
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 08/20/2026 | 🏠 Listed for Sale | $599,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $5,582 | $602,800 |
Financial Details
Annual Property Tax
$5,582
Tax Year 2025
Assessed Value
$602,800
Facts & Features
Home Facts
Type
Residential Income
Style
Multi Family
Year Built
1900
Living Area
1,722 sq ft
Lot Size
0.12 acres
Stories
3
Bedrooms
5
Full Baths
3
Total Rooms
10
Investment Metrics
Units
2
Unit 1 Rent
$1,700/mo · N
Unit 2 Rent
— · N
Total Monthly Rent
$1,700/mo
Gross Income
$20,400
Net Operating Income
$20,400
Cap Rate
3.41%
Interior
Heating
None
Cooling
None
Flooring
None
Appliances
None
Fireplace
None
Basement
Full, Walk-out Access
Laundry
None
Features
None
Exterior
Construction
None
Architecture
None
Roof
None
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Features
Paved Drive, Off Street, Paved
Total Spaces
5
Utilities
Electric
None
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$5,582
Assessed Value
$602,800
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Lead Paint
Unknown
Seller Disclosures
2nd And 3rd Floors Are One Apartment 3rd Floor Is Not Separate Legal Apt. Heating Systems Are Mid Life And In Good Condition. Roof Is Newer.
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Sq Ft Source
Public Record
Documents
None
County
Essex
Property Overview
Property Type
Multi Family
Listing Type
For Sale
Year Built
1900
Bedrooms
5
Full Bathrooms
3
Living Area
1,722 sq ft
Total Rooms
10
Stories
3
Levels
3
Floor Layout
Interactive room guide
Floor Layout
Finished Area
1,722 sq ft above grade
Display Options
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:
Full, Walk-Out Access
Laundry:
Security:
Construction & Materials
Year Built:
1900
Structure Type:
Exterior Materials:
Roof:
Foundation:
Stone
Stories:
3
Heating, Cooling & Utilities
Heating:
Cooling:
Hot Water:
Natural Gas
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:
Parking & Garage
Total Parking Spaces:
5
Parking Features:
Paved Drive, Off Street, Paved
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
Thomas Carroll School
0.2 mi
|
#611 of 824
|
Score: 40.2
Improved 128 spots from last year
-18 below state avg
645 students
Diverse
Rising School
Diverse Student Body
Grades PK-05
The Phoenix School
0.8 mi
Grades PK-08
B+
Bates School
0.8 mi
|
#325 of 824
|
Score: 50.0
Improved 254 spots from last year
-8.2 below state avg
410 students
Diverse
Rising School
Diverse Student Body
Grades PK-05
Middle Schools
3 schools
C+
J. Henry Higgins Middle School
1.1 mi
|
#240 of 352
|
Score: 37.2
Improved 5 spots from last year
-21 below state avg
1,320 students
Diverse
Grades 06-08
C+
Collins Middle School
1.3 mi
|
#219 of 352
|
Score: 39.5
Improved 60 spots from last year
-18.7 below state avg
611 students
Diverse
Rising School
Diverse Student Body
Grades 06-08
B-
Holten Richmond Middle School
2.6 mi
|
#183 of 352
|
Score: 42.0
Dropped 12 spots from last year
-16.2 below state avg
745 students
Moderate
Grades 06-08
High Schools
3 schools
Bishop Fenwick High School
0.7 mi
17 sports
• 1,390 athletes
Strong Athletics
Grades 09-12
B
Salem High School
1.7 mi
|
#144 of 346
|
Score: 56.1
Dropped 24 spots from last year
-2.1 below state avg
952 students
Diverse
18 sports
• 1,080 athletes
Early College Program
Career Tech Programs
College Ready Curriculum
Strong Athletics
Grades 09-12
B+
Salem Academy Charter School
2.0 mi
|
#139 of 346
|
Score: 56.7
Improved 97 spots from last year
-1.5 below state avg
480 students
Diverse
10 sports
• 568 athletes
High Graduation Rate
Rising School
College Ready Curriculum
Grades 06-12
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Down: $0
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Monthly Payment Breakdown
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Property Tax
$465
Homeowners Insurance
$200
PMI (if <20% down)
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Loan Summary
Total of 360 payments
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Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
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Location
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Neighborhood
71 Tremont Street, Peabody MA 01960
Peabody, MA 01960
Listing Information
Listing Agent
Marjie and Phil
Listing Office
Gibson Sotheby's International Realty
Office Phone
781-648-3500
Agent MLS ID
TEAM0449
Office MLS ID
AN6101
Listing Data Updated
Aug 20, 2026 1:11 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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