131 Lynnfield St, Peabody MA 01960

Peabody, MA 01960
$875,000
Est. $5,417/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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7
Beds
4
Baths
4,448
Sq Ft
$197
Price/Sq Ft
0.12
Acres
1925
Year Built
6
Parking
New today
Time on Market
For Sale Open House Listed Nov 5, 2026 • MLS# 73599177 Copied! • Updated Nov 5, 2026

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Open House Schedule

08
Nov
Sunday, November 8
12:30 PM - 2:00 PM EST
07
Nov
Saturday, November 7
11:00 AM - 12:30 PM EST

About this home

A kitchen you’ll want to cook in, a primary suite with its own bath and walk-in closet, and rental income to help with the mortgage. This Peabody two-family gives you compelling reasons to think beyond a single-family home. The second floor brings together the features that make everyday living more comfortable. The updated kitchen has white cabinetry, stainless steel appliances, a subway tile backsplash, and an island with seating, so whoever’s cooking doesn’t have to miss the conversation. Hardwood floors, wide hallways, and a bay-window living room give the home a spacious, welcoming feel. Two bedrooms and two full bathrooms include a primary suite with a double vanity and walk-in closet. There’s room to gather, room to retreat, and a covered front porch when you want to take your coffee outside. Finished third-floor rooms add another level of space to explore, giving this home a footprint that’s hard to appreciate from the street alone. The first-floor apartment offers two bedrooms, a generous living room with bay windows, and an eat-in kitchen. Keep it as an income-producing rental while planning your own move upstairs, or consider the entire property as an addition to your investment portfolio. Renovations completed in 2017–2018, central air, in-unit laundry, and off-street parking for approximately six vehicles add everyday convenience. If you’ve been searching for a multifamily where the space you call home feels just as important as the income it can generate, put 131 Lynnfield Street on your list.

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Recently Sold Nearby

Price & Status History

Market Insights

70.7%
Price Range
2
Previous Sales

Property Timeline

🏠
Listed for Sale
Nov 5, 2026
$875,000
Original listing
Agent: The Alianza Group Office: Nina-Soto Realty, LLC
Previous Transaction - MLS #72006251
Full transaction history available when tracking began
🏷️
Previously Sold
Jan 9, 2017
$450,000
MLS #72006251
Previous Transaction - MLS #70628466
Full transaction history available when tracking began
🏷️
Previously Sold
Oct 17, 2007
$1,537,000
MLS #70628466

Tax History

Year Taxes Assessment
2026 $9,516 $1,004,900

Financial Details

Annual Property Tax
$9,516
Tax Year 2026
Assessed Value
$1,004,900

Facts & Features

Central AC

Home Facts

Type Residential Income
Style Multi Family
Year Built 1925
Living Area 4,448 sq ft
Lot Size 0.12 acres
Stories 3
Bedrooms 7
Full Baths 4
Total Rooms 12

Investment Metrics

Units 2
Unit 1 Rent $2,200/mo · N
Unit 2 Rent $27/mo · N
Total Monthly Rent $2,227/mo
Gross Income $26,724
Net Operating Income $26,724
Cap Rate 3.05%
Heating Forced Air, Natural Gas, Electric
Cooling Central Air
Flooring Wood, Tile, Hardwood
Appliances Range, Dishwasher, Range Hood
Fireplace None
Basement Full, Interior Entry
Laundry None
Features Remodeled, Walk-up Attic, Living Room, Kitchen
Construction None
Architecture None
Roof Shingle
Features None
Pool None
Spa None
Fencing None
Patio/Porch Porch
Features Paved Drive, Off Street, Tandem, Paved
Total Spaces 6
Electric None
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $9,516
Assessed Value $1,004,900
Fee Includes None
Amenities None
Optional Fee Includes None
Lead Paint Unknown
Seller Disclosures Sale Is Subject To Seller Finding Suitable Housing.
Possession None
Accepted Financing None
Structure Type []
House Color Gray
Sq Ft Source Public Record
Documents None
County Essex

Property Overview

Property Type
Multi Family
Listing Type
For Sale
Year Built
1925
Bedrooms
7
Full Bathrooms
4
Living Area
4,448 sq ft
Total Rooms
12
Stories
3
Levels
3

Floor Layout

Interior Features

Flooring: Wood, Tile, Hardwood
Appliances: Range, Dishwasher, Range Hood
Interior Features: Remodeled, Walk-Up Attic, Living Room, Kitchen
Windows: Insulated Windows
Basement: Full, Interior Entry
Laundry:
Security:

Construction & Materials

Year Built: 1925
Structure Type:
Exterior Materials:
Roof: Shingle
Foundation: Other
Stories: 3

Utilities & Systems

Heating: Forced Air, Natural Gas, Electric
Cooling: Central Air
Hot Water: Natural Gas
Water Source: Public
Sewer: Public Sewer
Energy Features: Thermostat, Varies per Unit

Exterior & Lot

Exterior Features:
Patio & Porch: Porch
Fencing:
Other Structures:
Lot Features: Easements, Level
Road Surface: Paved

Parking & Garage

Total Parking Spaces: 6
Parking Features: Paved Drive, Off Street, Tandem, Paved
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
E

Elementary Schools

10 schools
Covenant Christian Academy
2.9 mi
Grades PK-12
The Recreational Education Center, LLC
2.9 mi
Grades PK-12
F
Peabody Personalized Remote Education Program (Peabody P.R.E.P.)
4.2 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
B+
South Memorial School
0.4 mi | #272 of 825 | Score: 51.7
Improved 233 spots from last year
-6.5 below state avg
446 students Moderate
Rising School
Grades PK-05
B-
Captain Samuel Brown School
0.8 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-
Center School
1.1 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
C
William A Welch Sr School
1.4 mi | #660 of 825 | Score: 37.8
Improved 130 spots from last year
-20.4 below state avg
400 students Diverse
Rising School
Grades K-05
C
Thomas Carroll School
2.3 mi | #604 of 825 | Score: 40.6
Improved 135 spots from last year
-17.6 below state avg
562 students Diverse
Rising School Diverse Student Body
Grades PK-05
C
John E. McCarthy School
2.7 mi | #612 of 825 | Score: 39.9
Dropped 34 spots from last year
-18.3 below state avg
323 students Diverse
Diverse Student Body
Grades K-05
B+
West Memorial School
3.6 mi | #302 of 825 | Score: 50.7
Improved 164 spots from last year
-7.5 below state avg
283 students Moderate
Rising School
Grades PK-05
M

Middle Schools

1 school
C+
J. Henry Higgins Middle School
1.0 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
H

High Schools

2 schools
C
Peabody Veterans Memorial High School
2.1 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
Bishop Fenwick High School
2.6 mi
17 sports • 1,390 athletes
Strong Athletics
Grades 09-12
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Monthly Payment Breakdown

Principal & Interest $0
Property Tax $793
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
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Payment Over Time

Interest
Principal
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

131 Lynnfield St, Peabody MA 01960

Peabody, MA 01960

Listing Information

Listing Agent The Alianza Group
Listing Office Nina-Soto Realty, LLC
Office Phone 978-594-1292
Agent MLS ID TM352293
Office MLS ID AN6324
Listing Data Updated Nov 5, 2026 10:13 AM EST
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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