Rare ranch-style 3-family opportunity in Peabody! Each unit offers single-level living with 1 bedroom, 1 bath, a living room and kitchen. Tucked behind other buildings off a busy street, this property is within walking distance of downtown Peabody, local restaurants and everyday amenities. Two units are occupied by long-term, month-to-month tenants who would like to stay—an appealing opportunity to owner-occupy while collecting rent from the other two units. Updates include a new roof (2022), new hot water heater (2026), recently painted interior in Unit 3 and newly glazed tubs in Units 1 and 2. Three (3) private parking spaces, with room for a fourth using tandem parking. Each unit has dedicated storage in the large, dry basement. Current rents include heat and are below market, offering potential for increased rental income and equity through future improvements. A unique opportunity for investors and owner-occupants alike!

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Basic Information

Gross Income $28,800
Lot Features Level
Mls StatusNew
Parcel Number M:0095 B:0016,2106752
Rent Includes Unit 1(Heat, Gas, Water, Hot Water), Unit 2(Heat, Gas, Water, Hot Water), Unit 3(Heat, Gas, Water, Hot Water)

Tax Information

Tax Assessed Value $575,700
Tax Year 2025
Taxes$5,331

Parking

Open Parking YN Yes
Parking Features Paved Drive, Shared Driveway, Off Street, Paved
Parking Spaces4

Rooms

Bathroom3
Bathrooms Total Decimal 3
Bedrooms3
Full Bath3

Basic Information

List Price$649,900
MLS Number73596952
Modification Date10/31/2026
Property SubType3 Family - 3 Units Side by Side

Location

Address153R Washington Street
Building Number153r
CountyEssex
StateMA
StreetWashington Street
TownPeabody
Zip01960

Building

BasementFull
Building Area Units Square Feet
Construction Materials Frame
FoundationConcrete Perimeter
Levels 3
Patio And Porch Features Porch
Rooms9
Stories3
Units3
Utilities For Electric Range
Year Built1940
Year Built Details Actual
Year Built Source Public Records

Property

Acreage0.13

Interior

Flooring Wood, Tile, Varies, Hardwood
Interior Features Bathroom With Tub & Shower, Internet Available - Unknown, Living Room, Kitchen

Exterior

RoofShingle

Utilities

Electric Individually Metered
Electric Expense 206
Heat SystemYes
Heating Baseboard, Natural Gas
Sewer Public Sewer
Water Source Public

Property Information

Building Area Source Public Records
Living Area 1,536
Lot Size Square Feet 5,759
Lot Size Units Acres
Square Feet1,536

Amenities

Amenities
- Highway Access
- House of Worship
- Laundromat
- Medical Facility
- Public School
- Public Transportation
- Shopping
Appliances IncludedRange, Refrigerator
Other AmenitiesBasement

Legal

ZoningBN2

Other

Date Listed10/30/2026
Farm Land Area Units Square Feet

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Newton, MA

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Newton, MA