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**Loads of potential in this well-located two-family property near Peabody Square!** Whether you're looking for an investment opportunity or a property you can make your own, this home offers plenty of possibilities. One apartment is currently rented, providing immediate rental income, while the second and third floors offer an excellent opportunity for an owner-user to completely renovate and create one spacious, beautiful apartment. Imagine designing the upper levels to your own specifications with an open layout, modern finishes, and all the amenities you've been looking for. The property also features a large backyard area currently utilized as a driveway, providing ample off-street parking-a valuable feature in this convenient location. Situated close to Peabody Square, with easy access to local shops, restaurants, services, and transportation. A great opportunity for an investor, owner-occupant, or buyer looking to build equity through renovation. Bring your vision and unlock the potential of this versatile two-family property! First floor apartment can only be seen during open houses Friday 8/21 10am to Noon, Saturday 8/22 11:30am to 1pm and Sunday 8/23 1 to 2:30pm.

More Info

Basic Information

  • Gross Income $20,400
  • Mls StatusNew
  • Parcel Number M:0076 B:0088,2104985

Tax Information

  • Tax Assessed Value $602,800
  • Tax Year 2025
  • Taxes$5,582

Parking

  • Open Parking YN Yes
  • Parking Features Paved Drive, Off Street, Paved
  • Parking Spaces5

Rooms

  • Bathroom3
  • Bathrooms Total Decimal 3
  • Bedrooms5
  • Full Bath3

Basic Information

  • List Price$599,000
  • MLS Number73566254
  • Modification Date08/20/2026
  • Property SubTypeMulti Family

Location

  • Address71 Tremont Street
  • Building Number71
  • CountyEssex
  • StateMA
  • StreetTremont Street
  • TownPeabody
  • Zip01960

Building

  • BasementFull, Walk-Out Access
  • Building Area Units Square Feet
  • FoundationStone
  • Levels 3
  • Rooms10
  • Stories3
  • Units2
  • Year Built1900
  • Year Built Details Approximate
  • Year Built Source Public Records

Property

  • Acreage0.12

Utilities

  • Sewer Public Sewer
  • Water Source Public

Property Information

  • Building Area Source Public Records
  • Living Area 1,722
  • Lot Size Square Feet 5,049
  • Lot Size Units Acres
  • Square Feet1,722

Amenities

  • Other AmenitiesBasement

Other

  • Date Listed08/20/2026
  • Farm Land Area Units Square Feet

Map Location

Driving Directions

Listed by Marjie and Phil of Gibson Sotheby's International Realty

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