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Bean Group
Offered at $965,000Active
beds
8
baths
3
sq ft
3,000
Built
1880

258 Washington Street

Peabody, MA 01960

About this home

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 strong 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.

Listing last checked: Listing updated:

Listed by Michael Rauseo · Better Homes and Gardens Real Estate - The Shanahan Group · MLS #73562856

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Details at a glance

Interior2 property facts
Rooms
15
Basement
Yes · Full
Building5 property facts
Style
3 Family - 3 Units Up/Down
Year built
1880
Parking
9
Foundation
Stone, Brick/Mortar
Roof
Shingle
Land & utilities5 property facts
Lot size
0.17 acres
Water
Public
Sewer
Public Sewer
Pool
Not reported
Zoning
R2
Financial2 property facts
Annual taxes
$7,261
Assessment year
2025

Location

Estimated monthly cost

Explore costs at the $965,000 asking price. Adjust the assumptions to your situation.

Known monthly costs$5,485 / monthAdjust
Principal & interest
$4,880
Property tax
$605
Insurance
Not entered
HOA
Not entered

Listing annual taxes: $7,261. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.

Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.

The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.

More property insights

Automated value estimate $1,006,253

Estimated range $962,018–$1,050,488.

Automated estimates are not appraisals or guarantees of market value.

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Photo-based condition insights

Overall presentation: average

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About 258 Washington Street

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Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.

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