A kitchen you’ll want to cook in, a primary suite with its own bath and walk-in closet, and rental income to help with the mortgage. This Peabody two-family gives you compelling reasons to think beyond a single-family home. The second floor brings together the features that make everyday living more comfortable. The updated kitchen has white cabinetry, stainless steel appliances, a subway tile backsplash, and an island with seating, so whoever’s cooking doesn’t have to miss the conversation. Hardwood floors, wide hallways, and a bay-window living room give the home a spacious, welcoming feel. Two bedrooms and two full bathrooms include a primary suite with a double vanity and walk-in closet. There’s room to gather, room to retreat, and a covered front porch when you want to take your coffee outside. Finished third-floor rooms add another level of space to explore, giving this home a footprint that’s hard to appreciate from the street alone. The first-floor apartment offers two bedrooms, a generous living room with bay windows, and an eat-in kitchen. Keep it as an income-producing rental while planning your own move upstairs, or consider the entire property as an addition to your investment portfolio. Renovations completed in 2017–2018, central air, in-unit laundry, and off-street parking for approximately six vehicles add everyday convenience. If you’ve been searching for a multifamily where the space you call home feels just as important as the income it can generate, put 131 Lynnfield Street on your list.
| Units | 2 |
| Living area | 4,448 sqft |
| Lot size | 5,110 sqft |
| Year built | 1925 |
| Price / sqft | $197 |
| County | Essex |
| MLS # | 73599177 |
| Days on market | 0 days |
| Listed on | November 5, 2026 |
| Annual property tax | $9,516 |
| Tax year | 2026 |
| Assessed value | $1,004,900 |
| Zoning | GB |
| Gross income (actual) | $26,724/yr |
| Net operating income (actual) | $26,724/yr |
| Total actual rent | $2,227/mo |
| Stories | 3 |
| Total rooms | 12 |
| Lot size | 0.12 acres |
| Garage spaces | 0 |
| Parking spaces | 6 |
| Parking | Paved Drive, Off Street, Tandem, Paved |
| Basement | Full, Interior Entry |
| Foundation | Other |
| Roof | Shingle |
| Flooring | Wood, Tile, Hardwood |
| Heating | Forced Air, Natural Gas, Electric |
| Cooling | Central Air |
| Sewer | Public Sewer |
| Water | Public |
| Appliances | Range, Dishwasher, Range Hood |
More about investing in Peabody →
Listing courtesy of Nina-Soto Realty, LLC — The Alianza Group. Listing data © MLS PIN.
Answered from the listing data and public map data.
It is a 2-unit multi-family property with 4,448 sqft of living area, built in 1925.
131 Lynnfield St, Peabody MA 01960 has been listed for 0 days (since November 5, 2026).
At a list price of $875,000 across 2 units, that works out to roughly $437,500 per unit.
Annual property taxes are $9,516 (2026), on an assessed value of $1,004,900.
At $875,000 for 4,448 sqft, that's about $197 per square foot.
6 total parking spaces (paved drive, off street, tandem, paved).
131 Lynnfield St, Peabody MA 01960 is in Peabody, Essex County, MA 01960.

Justin Rollo is a Broker Associate with Signal Real Estate (MA Lic. #9534264) and a lifelong Massachusetts resident. Over 14 years and hundreds of transactions, he has worked investment properties — multi-families and house-hacking — across Greater Boston full-time. Away from real estate, Justin is a proud dad, youth coach and local school-committee member — and a former professional poker player who still loves golf and following local sports.