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Active Under Contract

71 Tremont Street

Peabody, MA 01960

$599,000
5Bedrooms
3Bathrooms
1,722Square feet
1900Year built

Residential Income · Active Under Contract · MLS #73566254
Listing Courtesy of Advisors Living - Arlington | Marjie And Phil

MLS PIN data

About this home

**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.

Property information

Details at a glance

Interior

Rooms
10

Building

Style
Multi Family
Year built
1900
Parking
5
Foundation
Stone

Land & utilities

Lot size
0.12 acres
Water
Public
Sewer
Public Sewer
Zoning
R2

Financial

Annual taxes
$5,582
Assessment year
2025

Listing history

Price and status timeline

No additional public listing history was supplied for this property.

Property value estimate

An informed starting point

Estimated value$639,943

Estimated range $580,569$699,318

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Automated estimates are not appraisals or guarantees of market value.

Comparable sales

Recent properties for context

Recent comparable sales are not available for this property.

Photo insights

Condition signals

Overall presentationaverage

Generated from listing photography; not a substitute for an inspection.

Local market context

How this home compares in Peabody

MetricThis propertyPeabody
List price$599,000$1,050,00043% below local
Price / sq ft$348$3531% below local
Days on market143256% below local
Explore homes in Peabody

Active city listing statistics from MLS PIN as of September 7, 2026. Asking prices are not completed-sale values.

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Bean Group guidance

Useful next steps

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Common questions

About 71 Tremont Street

Can I schedule a private showing?

Yes. Request a tour of 71 Tremont Street and a Bean Group agent will help coordinate an available time with the listing side.

Can you help me evaluate this property?

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

Are property documents available?

Availability varies by property and source. Request the documents you need and we will help obtain what is available.