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$499,000
Total Beds: 7 Total Baths: 3
Total Units: 2 SQFT: 2862
LOT size: 0.07 Acres
38 Pierpont St
Peabody, MA 01960
View Map

Property Description

Investment opportunity: 2-family home with recent fire damage in the heart of Peabody being sold AS IS (will not qualify for traditional financing). Large units were completely renovated 2 years ago prior to fire. Unit 1 has a total of 4 beds and 2 baths, including finished basement with potential for in-law setup. Unit 2 has 3 beds and 1 bath. There's a 1-car attached garage as well as a separate storage room. Centrally located just off Main St with many shops and restaurants, public transportation and supermarket and proximity to Rte 128 and I-95. Do not miss out on this great opportunity and schedule a private showing or come to our group showing Friday 7/11 4:30-5:30pm.

Property Details

Building Information

  • Total Units: 2
  • Total Floors: 3
  • Total Bedrooms: 7
  • Total Full Baths: 3
  • Basement Features: Finished, Other (See Remarks)
  • Common Rooms: Kitchen, Living RM/Dining RM Combo
  • Common Interior Features: Bathroom With Tub & Shower, Storage, Upgraded Cabinets, Upgraded Countertops
  • Common Appliances: Dishwasher - ENERGY STAR, Microwave, Range, Refrigerator - ENERGY STAR, Washer Hookup
  • Common Heating: Central Heat, Electric, Extra Flue, Gas, Heat Pump
  • Common Cooling: Central Air

Financial

  • APOD Available: No
  • Gross Operating Income: 92400
  • Net Operating Income: 92400

Utilities

  • Electric Info: 110 Volts, On-Site
  • Utility Connections: for Electric Dryer, for Electric Oven, for Electric Range, Washer Hookup
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 2

Unit 2 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 1

Construction

  • Year Built: 1900
  • Type: 2 Family - 2 Units Up/Down
  • Construction Type: Aluminum, Frame
  • Foundation Info: Concrete Block
  • Roof Material: Rubber
  • Flooring Type: Hardwood, Vinyl, Wood
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73401736
  • Last Updated: 07/15/25

Mortgage Calculator

Click to see breakdown

Map

Seller's Representative: Mayra Rebello, Simple Key Realty Inc.
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2
Facilitator Compensation: n/a
Compensation Based On: Net Sale Price
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2025-07-15 21:49:00