258 Washington Street, Peabody, MA 01960

• 8 beds |
• 3 baths |
• 3,000 sqft

Property Description

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.

Listing Status:

Active

Date Added:

August 12, 2026

Data Last Updated:

October 6, 2026 at 12:05AM

Listing Office:

Better Homes and Gardens Real Estate - The Shanahan Group : 781-729-9030

Listing Agent:

Michael Rauseo : 781-820-9322

MLS ID:

73562856

Interior

• General: Living RoomKitchenOffice/Den
• Laundry: Electric Dryer Hookup
• Basement: Full
• Fireplace: Fireplaces: 0

Exterior

• Parking: Paved DriveOff StreetParking spaces: 9

Construction

• Roofing: Shingle
• General: Frame3StoneBrick/Mortar

Location

• Road/Access: Public
• Originating MLS: MLS Property Information Network
• County: Essex

Lot

• Zoning: R22106578

Utilities

• Utilities: for Gas Rangefor Electric Rangefor Electric Dryer200+ Amp Service
• Water: Public
• Sewer: Public Sewer

Financial

• Source: MLS Property Information Network
• Exclusions: Tenants Own Their Own Refrigerators.