Active
45 Days on market
258 Washington Street Peabody — Photo 1 of 13

258 Washington Street Peabody — Photo 1 of 13

$980,000

Investment Analysis — 258 Washington Street

Peabody, MA 01960

Based on rent reported on the MLS listing, a 3-unit multi-family in 01960 carries $9,400/mo in gross rent — about a 8.01% cap rate and $78,467/yr in estimated NOI at the $980,000 list price. Adjust every assumption in the calculator below.

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Beds

8

Baths

3

SqFt

3,000

Style

3 Family - 3 Units Up/Down

Built

1880

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.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.

Open Houses

Property Details

Financials

Original Price$980,000
Annual Taxes$7,261

Parking

Garage0
Off-Street9

Interior Specifications

Total Rooms15
FireplacesNone
Flooring--
BasementFull

Climate & Utilities

Heating--
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationStone, Brick/Mortar
ZoningR2

Property & Lot

Acres0.17
SqFt Lot7,449
Lot Features--

Neighborhood

Public Transportation • Shopping • Medical Facility • Laundromat • Highway Access

Geography

Listing Provided By

Listing Agent: Michael Rauseo

Listing Office: Better Homes and Gardens Real Estate - The Shanahan Group

MLS® Number: 73562856