71 Tremont Street, Peabody MA 01960
Peabody, MA 01960
$599,000
Est. $3,694/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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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
Market Insights
Property Timeline
Status: Active under contract
Aug 26, 2026
Active → Active Under Contract
Pending Sale
Aug 25, 2026
Offer accepted, sale pending
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 |
|---|---|---|---|---|---|
| 08/26/2026 | 📋 Status: Active under contract | - | - | - | Active → Active Under Contract |
| 08/25/2026 | ⏳ Pending Sale | - | - | - | Offer accepted, sale pending |
| 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
Total market time (incl. prior listings)
20 days
Property Overview
Property Type
Multi Family
Listing Type
Sale Pending
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
OOffice (1)
KKitchen (1)
BRBedroom (5)
BABathroom (4)
DDining (1)
LLiving (2)
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
10 schools
Covenant Christian Academy
4.3 mi
Grades PK-12
The Recreational Education Center, LLC
4.3 mi
Grades PK-12
F
Peabody Personalized Remote Education Program (Peabody P.R.E.P.)
5.5 mi
|
#345 of 346
|
Score: 14.4
Improved 33 spots from last year
-43.8 below state avg
117 students
Diverse
Rising School
Diverse Student Body
Grades K-12
C
Thomas Carroll School
0.2 mi
|
#605 of 825
|
Score: 40.6
Improved 134 spots from last year
-17.6 below state avg
562 students
Diverse
Rising School
Diverse Student Body
Grades PK-05
C
William A Welch Sr School
1.0 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
C-
Center School
1.2 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
B+
South Memorial School
1.7 mi
|
#271 of 825
|
Score: 51.7
Improved 234 spots from last year
-6.5 below state avg
446 students
Moderate
Rising School
Grades PK-05
B-
Captain Samuel Brown School
2.2 mi
|
#493 of 825
|
Score: 44.9
Improved 28 spots from last year
-13.3 below state avg
375 students
Diverse
Rising School
Grades K-05
C
John E. McCarthy School
4.2 mi
|
#614 of 825
|
Score: 39.9
Dropped 36 spots from last year
-18.3 below state avg
323 students
Diverse
Diverse Student Body
Grades K-05
B+
West Memorial School
4.9 mi
|
#303 of 825
|
Score: 50.7
Improved 163 spots from last year
-7.5 below state avg
283 students
Moderate
Rising School
Grades PK-05
Middle Schools
1 school
C+
J. Henry Higgins Middle School
1.1 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
High Schools
2 schools
Bishop Fenwick High School
0.7 mi
17 sports
• 1,390 athletes
Strong Athletics
Grades 09-12
C
Peabody Veterans Memorial High School
2.9 mi
|
#259 of 346
|
Score: 46.4
Same rank as last year
-11.8 below state avg
1,234 students
Diverse
19 sports
• 1,614 athletes
Career Tech Programs
Strong Athletics
Grades 09-12
Learn about these ratings
Monthly Payment Calculator
Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%
Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$465
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
-0.5% Rate
$0/mo
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Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo
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
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
Sep 9, 2026 3:05 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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