258 Washington Street, Peabody MA 01960
Peabody, MA 01960
$980,000
Est. $5,760/month
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Open House Schedule
16
Aug
Sunday, August 16
12:00 PM - 3:00 PM EDT
About this home
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.
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Recently Sold Nearby
Property History
Property Timeline
Listed for Sale
Aug 12, 2026
$980,000
Original listing
Agent: Michael Rauseo
Office: Better Homes and Gardens Real Estate - The Shanahan Group
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 08/12/2026 | 🏠 Listed for Sale | $980,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $7,261 | $784,100 |
Financial Details
Annual Property Tax
$7,261
Tax Year 2025
Assessed Value
$784,100
Facts & Features
Home Facts
Type
Residential Income
Style
3 Family - 3 Units Up/Down
Year Built
1880
Living Area
3,000 sq ft
Lot Size
0.17 acres
Stories
3
Bedrooms
8
Full Baths
3
Total Rooms
15
Investment Metrics
Units
3
Unit 1 Rent
$2,200/mo · N
Unit 2 Rent
$2,000/mo · N
Unit 3 Rent
$1,700/mo · N
Total Monthly Rent
$5,900/mo
Gross Income
$70,800
Net Operating Income
$58,840
Operating Expenses
$14,960
Water/Sewer Expense
$2,000
Electric Expense
$300
Insurance Expense
$4,200
Cap Rate
6.00%
Interior
Heating
None
Cooling
None
Flooring
None
Appliances
None
Fireplace
None
Basement
Full
Laundry
Electric Dryer Hookup
Features
Living Room, Kitchen, Office/den
Exterior
Construction
Frame
Architecture
None
Roof
Shingle
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
Porch
Parking
Features
Paved Drive, Off Street
Total Spaces
9
Utilities
Electric
200+ Amp Service
Water
Public
Sewer
Public Sewer
Gas
None
Other
For Gas Range, For Electric Range, For Electric Dryer
Financial
Annual Tax
$7,261
Assessed Value
$784,100
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Lead Paint
Certified Treated
Seller Disclosures
Seller Intends To Use Proceeds Of Sale To Execute A 1031 Exchange. Property Has Already Been Identified And Is Under Contract
Exclusions
Tenants Own Their Own Refrigerators.
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
House Color
Yellow
Sq Ft Source
Public Record
Documents
None
County
Essex
Property Overview
Property Type
3 Family - 3 Units Up/Down
Listing Type
For Sale
Year Built
1880
Bedrooms
8
Full Bathrooms
3
Living Area
3,000 sq ft
Total Rooms
15
Stories
3
Levels
3
Floor Layout
Interactive room guide
Floor Layout
Finished Area
3,000 sq ft above grade
Display Options
Outdoor Areas
Patio & porchPorch
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:
Living Room, Kitchen, Office/Den
Windows:
Basement:
Full
Laundry:
Electric Dryer Hookup
Security:
Construction & Materials
Year Built:
1880
Structure Type:
Exterior Materials:
Frame
Roof:
Shingle
Foundation:
Stone, Brick/Mortar
Stories:
3
Heating, Cooling & Utilities
Heating:
Cooling:
Hot Water:
Electric
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Porch
Fencing:
Other Structures:
Lot Features:
Road Surface:
Parking & Garage
Total Parking Spaces:
9
Parking Features:
Paved Drive, Off Street
Nearby Schools
School information not available for this location.
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
$605
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
Save $0/mo
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
258 Washington Street, Peabody MA 01960
Peabody, MA 01960
Listing Information
Listing Agent
Michael Rauseo
Listing Office
Better Homes and Gardens Real Estate - The Shanahan Group
Office Phone
781-729-9030
Agent MLS ID
BB922714
Office MLS ID
AN0122
Listing Data Updated
Aug 12, 2026 5:34 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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