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.
For sale
$980,000
258 Washington St, Peabody, MA 01960
8beds
3,000sqft
3 Family - 3 Units Up/Down
Built in 1880
-- sqft lot
$958,600 Zestimate®
$327/sqft
$-- HOA
What's special
Spacious three-bedroom units
- 3 days |
- 293 |
- 19 |
Zillow last checked:
Listing updated:
Listed by:
Michael Rauseo 781-820-9322,
Better Homes and Gardens Real Estate - The Shanahan Group 781-729-9030
Source: MLS PIN,MLS#: 73562856
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 3
- Full bathrooms: 3
Appliances
- Laundry: Electric Dryer Hookup
Features
- Living Room, Kitchen, Office/Den
- Basement: Full
- Has fireplace: No
Interior area
- Total structure area: 3,000
- Total interior livable area: 3,000 sqft
- Finished area above ground: 3,000
Property
Parking
- Total spaces: 9
- Parking features: Paved Drive, Off Street
- Uncovered spaces: 9
Features
- Patio & porch: Porch
Lot
- Size: 7,449 Square Feet
Details
- Parcel number: 2106578
- Zoning: R2
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 3 Family - 3 Units Up/Down
Materials
- Frame
- Foundation: Stone, Brick/Mortar
- Roof: Shingle
Condition
- Year built: 1880
Utilities & green energy
- Electric: 200+ Amp Service
- Sewer: Public Sewer
- Water: Public
- Utilities for property: for Gas Range, for Electric Range, for Electric Dryer
Community & HOA
Community
- Features: Public Transportation, Shopping, Medical Facility, Laundromat, Highway Access
Location
- Region: Peabody
Financial & listing details
- Price per square foot: $327/sqft
- Tax assessed value: $784,100
- Annual tax amount: $7,261
- Date on market: 8/12/2026
- Exclusions: Tenants Own Their Own Refrigerators.
- Total actual rent: 5900
Estimated market value
$958,600
$911,000 - $1.01M
$2,774/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/12/2026 | Listed for sale | $980,000+136.1%$327/sqft |
Source: MLS PIN #73562856 Report a problem | ||
| 12/23/2002 | Sold | $415,000+43.1%$138/sqft |
Source: Public Record Report a problem | ||
| 12/22/2000 | Sold | $290,000$97/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,261 +8.7% | $784,100 +7.1% |
| 2024 | $6,678 +9.6% | $732,200 +14.4% |
| 2023 | $6,094 | $640,100 |
| 2022 | $6,094 +5% | $640,100 +15.7% |
| 2021 | $5,803 +0.4% | $553,200 +2.8% |
| 2020 | $5,780 +7% | $538,200 +9.7% |
| 2019 | $5,402 +13.6% | $490,600 +18.2% |
| 2018 | $4,757 +6.8% | $415,100 +9.6% |
| 2017 | $4,454 +3.7% | $378,700 +5.1% |
| 2016 | $4,294 +8.5% | $360,200 +11.9% |
| 2015 | $3,958 +8.2% | $321,800 +9.1% |
| 2014 | $3,658 +4% | $295,000 +0.5% |
| 2013 | $3,517 +0.4% | $293,600 -0.9% |
| 2012 | $3,502 +2.1% | $296,300 |
| 2011 | $3,431 -0.5% | $296,300 -9.8% |
| 2010 | $3,448 -8.2% | $328,400 -18.7% |
| 2009 | $3,756 +2.8% | $403,900 -4.2% |
| 2008 | $3,654 +3.2% | $421,500 -7.6% |
| 2007 | $3,539 +3.9% | $456,100 +1.7% |
| 2006 | $3,407 +7.3% | $448,300 +17.2% |
| 2005 | $3,174 +2.6% | $382,400 |
| 2004 | $3,094 +25.6% | $382,400 +46.7% |
| 2003 | $2,463 +25.7% | $260,600 +10.3% |
| 2001 | $1,959 +14.4% | $236,300 +34.3% |
| 1999 | $1,712 | $176,000 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 01960
Nearby schools
GreatSchools rating
- 4/10William A Welch Elementary SchoolGrades: K-5Distance: 0.5 mi
- 5/10J Henry Higgins Middle SchoolGrades: 6-8Distance: 0.4 mi
- 3/10Peabody Veterans Memorial High SchoolGrades: 9-12Distance: 2.5 mi
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- $466,8001 bd1 ba392 sqft260 Washington St #32, Peabody, MA 01960Off Market
- $--1 bd1 ba392 sqft260 Washington St APT 22, Salem, MA 01970Off Market
A local agent can set up tours, give advice and negotiate with sellers.
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