Property Description

Opportunity Knocks! Two-Family on the Peabody/Salem Line. Investors, contractors, and savvy buyers – bring your vision to this two-family home ideally located on the Peabody/Salem line. This property offers tremendous potential with solid bones and expansion potential, perfect for rental income, multigenerational living, or future resale. Each unit features spacious rooms, high ceilings, and separate electric, making it a great candidate for renovation.This home is ideal for those looking to add value with updates and repairs. See the partially finished basement and additional rooms on the third floor, along with a great backyard ready for your vision. Whether you're looking for an investment or to customize and hold, the location can't be beat: enjoy easy access to downtown Salem, Peabody shops and restaurants, public transportation, and major highways. Don't miss your chance to transform this property and build equity in a desirable North Shore location.

Property Details tap to expand

Building Information

  • Total Units: 2
  • Total Floors: 4
  • Total Bedrooms: 4
  • Total Full Baths: 2
  • Total Half Baths: 1
  • Amenities: Bike Path, Conservation Area, Golf Course, Highway Access, House of Worship, Laundromat, Medical Facility, Park, Public School, Public Transportation, Shopping, T-Station, University, Walk/Jog Trails
  • Basement Features: Interior Access, Partially Finished, Sump Pump, Walk Out
  • Common Rooms: Kitchen, Living RM/Dining RM Combo

Financial

  • APOD Available: No

Utilities

  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

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

Unit 2 Description

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

Construction

  • Year Built: 1900
  • Foundation Info: Other (See Remarks)
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Lead Paint: Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73414228
  • Last Updated: 08/06/25

Property History tap to expand

Date Event Price Price/Sq Ft Source
08/06/2025New$600,000$282MLSPIN

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Seller's Representative: Steven Mallia, RE/MAX Beacon
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 2025-08-06 10:04:00