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!
Peabody Town Center, located between Main Street and Lowell Street, is a civic and commercial Peabody neighborhood with a walkable downtown grid and a classic New England streetscape. The neighborhood’s character concentrates around the Main Street and Lowell Street junction, where storefronts, cafés, and municipal buildings set a steady, daytime bustle. The George Peabody House Museum, Peabody Institute Library, and The Cabot anchor local culture with history, reading rooms, and live performances. Brick civic blocks mix with older wood-frame homes on side streets, giving the area a layered architectural feel. Independence Greenway threads nearby, adding a linear route for walking and biking. Sidewalk-scale blocks and frequent crosswalks support errands on foot.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Full basement
Living room
Kitchen
Bathrooms with tubs and showers
Bathrooms
3 full bathrooms
Kitchen
Range
Refrigerator
Flooring
Wood, hardwood, and tile flooring
Heating & cooling
Baseboard heating
Natural gas heating
Exterior features
Porch
Level terrain
Public road frontage
Home design
Three side-by-side units
Three stories
Parking
Four open parking spaces
Paved, shared driveway
Off-street parking
Construction
Frame construction
Concrete perimeter foundation
Shingle roof
Gray exterior
Lead paint present
Utilities
Public water
Public sewer
Individually metered electricity
HOA & community
Near public transportation, shopping, medical facilities, a laundromat, highway access, places of worship, and public schools
Electricity and solar
View estimated energy costs and solar savings for this home