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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.

More Info

Basic Information

  • Gross Income $26,724
  • Lot Features Easements, Level
  • Mls StatusNew
  • Parcel Number M:0101 L:013A,4177809
  • Road Frontage DescriptionPaved

Tax Information

  • Tax Assessed Value $1,004,900
  • Tax Year 2026
  • Taxes$9,516

Parking

  • Open Parking YN Yes
  • Parking Features Paved Drive, Off Street, Tandem, Paved
  • Parking Spaces6

Rooms

  • Bathroom4
  • Bathrooms Total Decimal 4
  • Bedrooms7
  • Full Bath4

Basic Information

  • List Price$875,000
  • MLS Number73599177
  • Modification Date11/05/2026
  • Property SubTypeMulti Family

Location

  • Address131 Lynnfield Street
  • Building Number131
  • CountyEssex
  • StateMA
  • StreetLynnfield Street
  • TownPeabody
  • Zip01960

Building

  • BasementFull, Interior Entry
  • Building Area Units Square Feet
  • Door Features Insulated Doors
  • FoundationOther
  • Levels 3
  • Patio And Porch Features Porch
  • Rooms12
  • Stories3
  • Units2
  • Window Features Insulated Windows
  • Year Built1925
  • Year Built Details Approximate
  • Year Built Source Public Records

Property

  • Acreage0.12

Interior

  • Flooring Wood, Tile, Hardwood
  • Interior Features Remodeled, Walk-Up Attic, Living Room, Kitchen

Exterior

  • RoofShingle

Utilities

  • Cooling Central Air
  • Cooling YN Yes
  • Heat SystemYes
  • Heating Forced Air, Natural Gas, Electric
  • Sewer Public Sewer
  • Water Source Public

Property Information

  • Building Area Source Public Records
  • Living Area 4,448
  • Lot Size Square Feet 5,110
  • Lot Size Units Acres
  • Road Responsibility Public Maintained Road
  • Square Feet4,448

Amenities

  • Amenities
    • Highway Access
    • House of Worship
    • Medical Facility
    • Park
    • Public School
    • Public Transportation
    • Shopping
    • Sidewalks
    • Walk/Jog Trails
  • Appliances IncludedRange, Dishwasher, Range Hood
  • Green Energy Efficient Thermostat, Varies per Unit
  • Other AmenitiesBasement

Other

  • Date Listed11/05/2026
  • Farm Land Area Units Square Feet

Map Location

Driving Directions

Listed by The Alianza Group of Nina-Soto Realty,LLC

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