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71 Tremont Street, Peabody MA 01960

$599,000

Estimated $1,436/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $299,500

Total Rent: 20400/year

Estimated CAP Rate:

5 Bedrooms

Baths

1722

Total Parking: 5

5,049 (0.12)

**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.

This home has been viewed 5 times

Last Checked: September 28th, 2026 at 5:18am (Source: MLS PIN #73566254)

Gross Income: $20,400

Gross Expenses: $5,582

Net Income Calc: $14,818

Annual Expenses for 71 Tremont Street, Peabody MA 01960

Total Gross Expenses (Calculated)$5,582/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax5582

Annual Income & Unit Breakdown for 71 Tremont Street, Peabody MA 01960

Total Gross Income (Calculated)$20,400

Unit 1

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms3

Bathrooms2 Full

Floor2

Levels in Unit2

Rent Includes

General Information for 71 Tremont Street, Peabody MA 01960

Listing ID73566254

Property TypeMulti Family

Price599000 ($347.85/SqFt)

StyleMulti Family

CityPeabody

CountyEssex

Neighborhood(s)Ipswich

Approximate Living Area Total1722

Approximate Lot Size (Acres)0.12

Total Parking5

Garage Parking0

Year Built1900

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric

Hot Water

Roof Material

BasementFull

Construction Materials

Lot Features

Foundation Description

Accessible Features

Outdoor Space

ZoningR2

Water Views

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 71 Tremont Street, Peabody MA 01960

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsPersonal Belongings.

Financial Data Source

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Compensation Based On

Financial Information for 71 Tremont Street, Peabody MA 01960

Real Estate Taxes5582

Tax Year2025

Assessed Value$602,800

Financial Data Source

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 71 Tremont Street, Peabody MA 01960

Neighborhood(s)Ipswich

Area Amenities

Contact Information for 71 Tremont Street, Peabody MA 01960

Agent

Name: Marjie and Phil

Office

Name: Gibson Sotheby's International Realty

Phone: 781-648-3500

Team Members

Name: Philip Chaves

Name: Marjie Fitzpatrick

Payment Calculator

, Interest

Property Taxes 465.17

Principal & Interest 3690.85

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Gibson Sotheby's International Realty

Marjie and Phil

Agent Phone

Office Phone

(781) 648-3500

Text Agent Call Agent Call Office

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EXIT

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