Overview Property Details Payment Calculator Walkability

Add to favorites

Remove from favorites
Send to Friend
Watch changes on this property

Active

258 Washington Street, Peabody MA 01960

$980,000

Estimated $2,194/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $326,666.67

Total Rent: 70800/year

Estimated CAP Rate:

8 Bedrooms

Baths

3000

Total Parking: 9

7,449 (0.17)

BOM - Seller Financing fell through ***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 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.

This home has been viewed 4 times

Last Checked: September 26th, 2026 at 6:38am (Source: MLS PIN #73562856)

Gross Income: $70,800

Gross Expenses: $14,961

Net Income Calc: $55,839

Water Views

Annual Expenses for 258 Washington Street, Peabody MA 01960

Total Gross Expenses (Calculated)$14,961/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax7261

Annual Income & Unit Breakdown for 258 Washington Street, Peabody MA 01960

Total Gross Income (Calculated)$70,800

Unit 1

Rental Income$0

LeaseN

Bedrooms3

Bathrooms3 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms3

Bathrooms3 Full

Floor2

Levels in Unit1

Rent Includes

Unit 3

Rental Income$0

LeaseN

Bedrooms2

Bathrooms2 Full

Floor3

Levels in Unit1

Rent Includes

General Information for 258 Washington Street, Peabody MA 01960

Listing ID73562856

Property TypeMulti Family / 3 Family

Price980000 ($326.67/SqFt)

Style3 Family - 3 Units Up/down

CityPeabody

CountyEssex

Neighborhood(s)Ipswich

Approximate Living Area Total3000

Approximate Lot Size (Acres)0.17

Total Parking9

Garage Parking0

Year Built1880

Year Built SourcePublic Records

Year Built DetailsActual

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot Features

Foundation Description

Accessible Features

Outdoor SpaceCovered

ZoningR2

Water ViewsNo

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 258 Washington Street, Peabody MA 01960

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsWasher

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 258 Washington Street, Peabody MA 01960

Real Estate Taxes7261

Tax Year2025

Assessed Value$784,100

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 258 Washington Street, Peabody MA 01960

Neighborhood(s)Ipswich

Area AmenitiesWalk/jog Trails

Contact Information for 258 Washington Street, Peabody MA 01960

Agent

Name: Michael Rauseo

Office

Name: Better Homes and Gardens Real Estate - The Shanahan Group

Phone: 781-729-9030

Payment Calculator

, Interest

Property Taxes 605.08

Principal & Interest 6038.45

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Better Homes and Gardens Real Estate - The Shanahan Group

Michael Rauseo

Agent Phone

Office Phone

(781) 729-9030

Text Agent Call Agent Call Office

Array
(
    [acres] => Approx. 0.17 acres (7,449 SqFt)
    [add_date] => 2026-09-15 23:08:36
    [address] => Washington Street
    [agent] => Array
        (
            [address] => 1 Sussex Road
            [city] => Winchester
            [id] => BB922714
            [name] => Michael Rauseo
            [national_association] => 449586030
            [office] => AN0122
            [state] => MA
            [zip] => 01890
        )

[apod_available] => Array
        (
            [0] => Yes
        )

[appliances] => Array
        (
        )

[approx_living_area_total] => 3000
    [approx_lot_size_acres] => 0.17
    [approx_lot_size_sqft] => 7449
    [assessed_value] => $784,100
    [association] => 
    [association_fee] => Array
        (
        )

[association_fee_frequency] => Array
        (
        )

[association_fee_includes] => Array
        (
        )

[association_required] => Array
        (
        )

[available_date] => 
    [available_now] => 0
    [basement] => Array
        (
            [0] => Full
        )

[bathrooms] => 
    [bedrooms] => 8
    [building_amenities] => Array
        (
        )

[building_area_source] => Array
        (
            [0] => Public Records
        )

[building_management] => Array
        (
        )

[building_debug] => 
    [building_id] => 
    [building_parent] => 0
    [building_name] => 
    [building_name_from_address] => 
    [building_url] => 
    [buyer_agent_compensation] => 
    [buyer_agent_id] => 
    [buyer_office_id] => 
    [c_style] => Array
        (
            [0] => 3 Family
        )

[c_type] => Array
        (
            [0] => Multi Family
        )

[cap_rate] => 
    [city] => Peabody
    [community_features] => Array
        (
            [0] => Walk/jog Trails
        )

[compensation_based_on] => Array
        (
        )

[complex_complete] => Array
        (
        )

[construction_materials] => Array
        (
            [0] => Frame
        )

[construction_status] => 
    [cooling] => Array
        (
        )

[cooperating_agent_commission] => Array
        (
        )

[county] => Essex
    [cultivation_acres] => 
    [date_available_note] => 
    [deposit_amount] => Array
        (
        )

[deposit_required] => Array
        (
        )

[deqe] => 
    [description] => BOM - Seller Financing fell through ***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 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.
    [disclosures] => 
    [documents_available] => Array
        (
        )

[electric] => Array
        (
            [0] => 220 Volts
        )

[electric_expense] => Array
        (
        )

[elementary_school] => 
    [en_suite_bath] => Array
        (
            [0] => Yes
        )

[energy_features] => 
    [entry_level] => Array
        (
        )

[estimated_monthly_payment] => 
    [exclusions] => Array
        (
            [0] => Washer
        )

[exterior_features] => Array
        (
        )

[facilitator_compensation] => 
    [fee_paid_by_tennant] => 
    [financial_data_source] => Array
        (
        )

[fireplaces] => Array
        (
        )

[first_month_required] => Array
        (
        )

[floor_number] => 0
    [flooring] => Array
        (
        )

[for_sale_by_owner] => 
    [foundation_area] => 
    [foundation_materials] => Array
        (
        )

[frontage_length] => 
    [full_baths] => 
    [garage_parking] => 0
    [gas] => Array
        (
        )

[gas_expense] => Array
        (
        )

[gross_income] => Array
        (
        )

[half_baths] => 
    [handicap_access] => 
    [heating] => 
    [heating_expense] => Array
        (
        )

[high_school] => 
    [horse_features] => Array
        (
        )

[horse_permitted] => 0
    [hot_water] => Array
        (
        )

[id] => 
    [insurance_expense] => Array
        (
        )

[insurance_required] => Array
        (
        )

[interior_features] => Array
        (
            [0] => French Doors
        )

[last_month_required] => Array
        (
        )

[last_sync_date] => 2026-09-26 06:38:34
    [laundry_features] => Array
        (
            [0] => Archway
        )

[lead_paint] => Array
        (
            [0] => None
        )

[lease_term] => Array
        (
        )

[levels_in_unit] => 3
    [living_area] => 
    [living_area_disclosure] => Array
        (
        )

[living_area_includes_basement] => Array
        (
            [0] => No
        )

[lot_features] => Array
        (
        )

[management_expense] => Array
        (
        )

[middle_school] => 
    [miscellaneuos_expense] => Array
        (
        )

[mls_area] => 
    [mls_id] => 73562856
    [neighborhoods] => Ipswich
    [net_income_calc] => 55839
    [net_operating_income] => Array
        (
        )

[number_of_lots] => Array
        (
        )

[number_of_units] => 3
    [office] => Array
        (
            [id] => AN0122
            [name] => Better Homes and Gardens Real Estate - The Shanahan Group
            [phone] => 781-729-9030
        )

[operating_expense] => Array
        (
        )

[optional_fee_includes] => Array
        (
        )

[optional_price] => 0
    [outdoor_space_available] => Array
        (
        )

[owner_occupancy_source] => 
    [parking_features] => Array
        (
            [0] => 1
        )

[pasture_area] => 
    [patio_and_porch] => Array
        (
            [0] => Covered
        )

[perc_test] => Array
        (
        )

[perc_test_date] => 
    [pet_policy] => Array
        (
            [0] => Allowed
        )

[phone] => 
    [pool_features] => Array
        (
        )

[price] => 980000
    [price_per_sqft] => 326.67
    [price_per_unit] => 326666.66666667
    [private_pool] => 
    [property_sub_type] => Array
        (
            [0] => 3 Family - 3 Units Up/down
        )

[real_estate_tax] => 7261
    [references_required] => Array
        (
        )

[rent_includes] => Array
        (
        )

[repair_maintenance_expense] => Array
        (
        )

[road_frontage_type] => Array
        (
        )

[roof_material] => Array
        (
            [0] => Asphalt/fiberglass Shingles
        )

[rooms] => 15
    [schools] => 
    [senior_community] => 
    [sewer] => Array
        (
            [0] => Public Sewer
        )

[sewer_expense] => Array
        (
        )

[short_sale] => Array
        (
        )

[special_listing_conditions] => Array
        (
        )

[state] => Massachusetts
    [state_code] => MA
    [status] => Array
        (
            [0] => Active
        )

[street_number] => 258
    [structure_type] => Array
        (
        )

[style] => Array
        (
        )

[subagent_compensation] => 
    [tag_accessible_features] => 
    [tag_air_conditioning] => 
    [tag_association_pool] => 
    [tag_beach_access] => 
    [tag_beach_front] => 
    [tag_elevator] => 
    [tag_equestrian] => 
    [tag_garage_parking] => 
    [tag_generator] => 
    [tag_green_features] => 
    [tag_laundry] => 1
    [tag_lead_paint_free] => 1
    [tag_loft] => 
    [tag_pet_friendly] => 
    [tag_pre_construction] => 
    [tag_private_outdoor_space] => 
    [tag_private_pool] => 
    [tag_professional_management] => 
    [tag_recently_renovated] => 
    [tag_senior_community] => 
    [tag_townhouse] => 
    [tag_waterfront] => 
    [tag_waterview] => 1
    [tax_year] => 2025
    [team] => 
    [team_agents] => Array
        (
        )

[terms] => Array
        (
        )

[timber_acres] => 
    [title_5] => 
    [total_gross_expense] => 14961
    [total_gross_income] => 70800
    [total_parking] => 9
    [trash_expense] => Array
        (
        )

[travel_routes] => 
    [uffi] => Array
        (
        )

[unit_1_bathrooms] => 3 Full
    [unit_1_bedrooms] => 3
    [unit_1_floor] => 1
    [unit_1_lease] => Array
        (
            [0] => N
        )

[unit_1_levels] => 1
    [unit_1_rent] => Array
        (
        )

[unit_2_bathrooms] => 3 Full
    [unit_2_bedrooms] => 3
    [unit_2_floor] => 2
    [unit_2_lease] => Array
        (
            [0] => N
        )

[unit_2_levels] => 1
    [unit_2_rent] => Array
        (
        )

[unit_3_bathrooms] => 2 Full
    [unit_3_bedrooms] => 2
    [unit_3_floor] => 3
    [unit_3_lease] => Array
        (
            [0] => N
        )

[unit_3_levels] => 1
    [unit_3_rent] => Array
        (
        )

[unit_4_bathrooms] => 
    [unit_4_bedrooms] => 
    [unit_4_floor] => 
    [unit_4_lease] => Array
        (
        )

[unit_4_levels] => 
    [unit_4_rent] => Array
        (
        )

[unit_level] => 
    [unit_number] => 
    [units_owner_occupied] => 
    [unparsed] => 258 Washington Street, Peabody MA 01960
    [utilities] => Array
        (
            [0] => 110 Volts
        )

[view] => Array
        (
        )

[water] => Array
        (
            [0] => Public
        )

[water_expense] => Array
        (
        )

[water_views] => Array
        (
            [0] => No
        )

[water_views_features] => Array
        (
        )

[waterfront] => 0
    [waterfront_features] => Array
        (
        )

[year_built] => 1880
    [year_built_details] => Actual
    [year_built_source] => Public Records
    [year_renovated] => 
    [zip] => 01960
    [zips] => 
    [zoning] => R2
    [zoning_details] => 
    [media] => Array
        (
            [0] => https://www.bostonrealestate.com/wp-content/uploads/WPL/824438/MLS1.jpg
            [1] => https://media.mlspin.com/photo.aspx?mls=73562856&w=1024&h=768&n=2
            [2] => https://media.mlspin.com/photo.aspx?mls=73562856&w=1024&h=768&n=3
            [3] => https://media.mlspin.com/photo.aspx?mls=73562856&w=1024&h=768&n=4
            [4] => https://media.mlspin.com/photo.aspx?mls=73562856&w=1024&h=768&n=5
            [5] => https://media.mlspin.com/photo.aspx?mls=73562856&w=1024&h=768&n=6
            [6] => https://media.mlspin.com/photo.aspx?mls=73562856&w=1024&h=768&n=7
            [7] => https://media.mlspin.com/photo.aspx?mls=73562856&w=1024&h=768&n=8
            [8] => https://media.mlspin.com/photo.aspx?mls=73562856&w=1024&h=768&n=9
            [9] => https://media.mlspin.com/photo.aspx?mls=73562856&w=1024&h=768&n=10
            [10] => https://media.mlspin.com/photo.aspx?mls=73562856&w=1024&h=768&n=11
            [11] => https://media.mlspin.com/photo.aspx?mls=73562856&w=1024&h=768&n=12
        )

[raw] => 
)

EXIT

10 More Photos

Active

258 Washington Street, Peabody MA 01960

$980,000

Annual Expenses for 258 Washington Street, Peabody MA 01960

Annual Income & Unit Breakdown for 258 Washington Street, Peabody MA 01960

General Information for 258 Washington Street, Peabody MA 01960

Disclosures for 258 Washington Street, Peabody MA 01960

Financial Information for 258 Washington Street, Peabody MA 01960

Location Information for 258 Washington Street, Peabody MA 01960

Contact Information for 258 Washington Street, Peabody MA 01960

Agent

Office

Payment Calculator

Exclusive Listing Agent

Better Homes and Gardens Real Estate - The Shanahan Group

Michael Rauseo