258 Washington Street, Peabody, MA 01960
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$980,000
3 Unit
8 Beds
3 Baths
3000 SQFT
0.17 Acre

Property Description

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.

Property Details tap to expand

Building Information

  • Total Units: 3
  • Total Floors: 3
  • Total Bedrooms: 8
  • Total Full Baths: 3
  • Amenities: Highway Access, Laundromat, Medical Facility, Public Transportation, Shopping
  • Basement Features: Full
  • Common Rooms: Kitchen, Living Room, Office/Den

Financial

  • APOD Available: Yes
  • Gross Operating Income: 70800
  • Gross Expenses: 14960
  • Electric Expenses: 300
  • Water/Sewer: 2000
  • INSC: 4200
  • RFS: 1200
  • Net Operating Income: 58840

Utilities

  • Electric Info: 200 Amps
  • Utility Connections: for Electric Dryer, for Electric Range, for Gas Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Under Lease: No
  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1880
  • Type: 3 Family - 3 Units Up/Down
  • Construction Type: Aluminum, Frame
  • Foundation Info: Brick, Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Lead Paint: Certified Treated
  • Warranty: No

Other Information

  • MLS ID# 73562856
  • Last Updated: 08/19/26

Property History tap to expand

Date Event Price Price/Sq Ft Source
08/19/2026Contingent$980,000$327MLSPIN
08/16/2026Active$980,000$327MLSPIN
08/12/2026New$980,000$327MLSPIN

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Seller's Representative: Michael Rauseo, Better Homes and Gardens Real Estate - The Shanahan Group
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2026-08-19 14:45:00

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