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$649,900
Total Beds: 3 Total Baths: 3
Total Units: 3 SQFT: 1536
LOT size: 0.13 Acres
153R Washington St
Peabody, MA 01960
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Property Description

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!

Property Details

Building Information

  • Total Units: 3
  • Total Floors: 3
  • Total Bedrooms: 3
  • Total Full Baths: 3
  • Amenities: Highway Access, House of Worship, Laundromat, Medical Facility, Public School, Public Transportation, Shopping
  • Basement Features: Full
  • Common Rooms: Kitchen, Living Room
  • Common Interior Features: Bathroom With Tub & Shower, Internet Available - Unknown, Tile Floor
  • Common Appliances: Range, Refrigerator
  • Common Heating: Extra Flue, Gas, Gas, Heat Pump, Hot Air Gravity, Hot Water Baseboard
  • Common Cooling: None

Financial

  • APOD Available: No
  • Expenses Source: Owner Provided
  • Gross Operating Income: 28800
  • Gross Expenses: 16632
  • GSE: 3722
  • Electric Expenses: 206
  • Water/Sewer: 1469
  • INSC: 2097
  • Repairs & Maintenance: 1500
  • Miscellaneous Expense: 2000
  • Net Operating Income: 12168

Utilities

  • Heat Zones: 3
  • Electric Info: Individually Metered
  • Utility Connections: for Electric Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Gas, Heat, Hot Water, Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Gas, Heat, Hot Water, Water
  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Included in Rent: Gas, Heat, Hot Water, Water
  • Under Lease: No
  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1940
  • Type: 3 Family - 3 Units Side by Side
  • Construction Type: Aluminum, Frame
  • Foundation Info: Poured Concrete
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Hardwood, Tile, Wood
  • Lead Paint: Yes
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73596952
  • Last Updated: 11/03/26

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Map

Seller's Representative: Deborah Higgins, Keller Williams Realty
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2026-11-03 03:05:00

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