131 Lynnfield Street, Peabody MA 01960
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Sale Statistics
This property sold for 2.3% above the original asking price, indicating strong buyer demand.
The property spent 42 days on market before selling.
About this home
Very nicely situated multi-family investment on Lynnfield Street near Route 128, Route 1 and downtown Peabody. Commuter location close to the Lynnfield line. Each tenant pays their own utility bills. There are 4 electric meters and 3 hot water heaters. Heat for the 1st & 2nd floor units is steam by oil, 3rd floor is electric. Natural gas master manifold in place for 3 meters, shut-off at the street. Energy efficient double-pane thermal windows within 7-years of age. Both 1st & 2nd floor units have had kitchen & bathroom upgrades in the past 7 years. 3rd floor accessible inside 2nd floor unit and by common staircase creating options to maximize income. Opportunities for the 3rd floor is to create another living unit if allowed by the city, or expand to create a very large townhouse unit. 1st & 2nd floor tenants each currently at $1,200 monthly which is far below market value.
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Price & Status History
Market Insights
Property Timeline
Current Active Listing - MLS #73599177
Currently Listed
Nov 5, 2026Sold
Jan 9, 2017Listed for Sale
May 16, 2016Previous Transaction - MLS #70628466
Previously Sold
Oct 17, 2007| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 11/05/2026 | 🏡 Currently Listed | $875,000 | - | - | MLS #73599177 - Active |
| 01/09/2017 | ✓ Sold | $450,000 | - | - | Property sold |
| 05/16/2016 | 🏠 Listed for Sale | $439,999 | - | - | Original listing |
| 10/17/2007 | 🏷️ Previously Sold | $1,537,000 | - | - | MLS #70628466 |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| Tax history not available | ||
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10 schoolsMiddle Schools
1 schoolHigh Schools
2 schoolsLocation
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131 Lynnfield Street, Peabody MA 01960
Peabody, MA 01960
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