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INVESTMENT SNAPSHOT
About this property
**Loads of potential in this well-located two-family property near Peabody Square!** Whether you're looking for an investment opportunity or a property you can make your own, this home offers plenty of possibilities. One apartment is currently rented, providing immediate rental income, while the second and third floors offer an excellent opportunity for an owner-user to completely renovate and create one spacious, beautiful apartment. Imagine designing the upper levels to your own specifications with an open layout, modern finishes, and all the amenities you've been looking for. The property also features a large backyard area currently utilized as a driveway, providing ample off-street parking—a valuable feature in this convenient location. Situated close to Peabody Square, with easy access to local shops, restaurants, services, and transportation. A great opportunity for an investor, owner-occupant, or buyer looking to build equity through renovation. Bring your vision and unlock the potential of this versatile two-family property! First floor apartment can only be seen during open houses Friday 8/21 10am to Noon, Saturday 8/22 11:30am to 1pm and Sunday 8/23 1 to 2:30pm.
Property details
| Units | 2 |
| Living area | 1,722 sqft |
| Lot size | 5,049 sqft |
| Year built | 1900 |
| Price / sqft | $348 |
| County | Essex |
| MLS # | 73566254 |
Listing status
| Days on market | 0 days |
| Listed on | August 20, 2026 |
Taxes & financials
| Annual property tax | $5,582 |
| Tax year | 2025 |
| Assessed value | $602,800 |
| Zoning | R2 |
| Gross income (actual) | $20,400/yr |
| Net operating income (actual) | $20,400/yr |
| Total actual rent | $1,700/mo |
Building & lot
| Stories | 3 |
| Total rooms | 10 |
| Lot size | 0.12 acres |
| Garage spaces | 0 |
| Parking spaces | 5 |
| Parking | Paved Drive, Off Street, Paved |
| Basement | Full, Walk-Out Access |
| Foundation | Stone |
Utilities & systems
| Sewer | Public Sewer |
| Water | Public |
Location
More about investing in Peabody →
Listing courtesy of a MLS PIN member office. Listing data © MLS PIN.
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Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 71 Tremont Street, Peabody MA 01960 have?
It is a 2-unit multi-family property with 1,722 sqft of living area, built in 1900.
How long has 71 Tremont Street, Peabody MA 01960 been on the market?
71 Tremont Street, Peabody MA 01960 has been listed for 0 days (since August 20, 2026).
What is the price per unit?
At a list price of $599,000 across 2 units, that works out to roughly $299,500 per unit.
What are the property taxes on 71 Tremont Street, Peabody MA 01960?
Annual property taxes are $5,582 (2025), on an assessed value of $602,800.
What is the price per square foot?
At $599,000 for 1,722 sqft, that's about $348 per square foot.
Is there parking?
5 total parking spaces (paved drive, off street, paved).
Where is this property located?
71 Tremont Street, Peabody MA 01960 is in Peabody, Essex County, MA 01960.
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