Home › Peabody › Multi Family › 131 Lynnfield St, Peabody MA 01960
131 Lynnfield St, Peabody MA 01960 — photo 1 of 421 / 42
$875,000
131 Lynnfield St, Peabody MA 01960
2 units · 7 bd · 4 ba · 4,448 sqft · $437,500/unit
📊 Analyze this deal

INVESTMENT SNAPSHOT

Signal Score pending — we haven't seeded market rents for this ZIP (01960) yet.

About this property

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.

Property details

Units2
Living area4,448 sqft
Lot size5,110 sqft
Year built1925
Price / sqft$197
CountyEssex
MLS #73599177

Listing status

Days on market0 days
Listed onNovember 5, 2026

Taxes & financials

Annual property tax$9,516
Tax year2026
Assessed value$1,004,900
ZoningGB
Gross income (actual)$26,724/yr
Net operating income (actual)$26,724/yr
Total actual rent$2,227/mo

Building & lot

Stories3
Total rooms12
Lot size0.12 acres
Garage spaces0
Parking spaces6
ParkingPaved Drive, Off Street, Tandem, Paved
BasementFull, Interior Entry
FoundationOther
RoofShingle
FlooringWood, Tile, Hardwood

Utilities & systems

HeatingForced Air, Natural Gas, Electric
CoolingCentral Air
SewerPublic Sewer
WaterPublic
AppliancesRange, Dishwasher, Range Hood

Location

More about investing in Peabody →

Listing courtesy of Nina-Soto Realty, LLC — The Alianza Group. Listing data © MLS PIN.

Interested in this one?

By submitting you agree to be contacted about your home search. No spam.

Questions & answers

Answered from the listing data and public map data.

How many units does 131 Lynnfield St, Peabody MA 01960 have?

It is a 2-unit multi-family property with 4,448 sqft of living area, built in 1925.

How long has 131 Lynnfield St, Peabody MA 01960 been on the market?

131 Lynnfield St, Peabody MA 01960 has been listed for 0 days (since November 5, 2026).

What is the price per unit?

At a list price of $875,000 across 2 units, that works out to roughly $437,500 per unit.

What are the property taxes on 131 Lynnfield St, Peabody MA 01960?

Annual property taxes are $9,516 (2026), on an assessed value of $1,004,900.

What is the price per square foot?

At $875,000 for 4,448 sqft, that's about $197 per square foot.

Is there parking?

6 total parking spaces (paved drive, off street, tandem, paved).

Where is this property located?

131 Lynnfield St, Peabody MA 01960 is in Peabody, Essex County, MA 01960.

Similar multi-families

Justin Rollo, Broker Associate at Signal Real Estate
Justin Rollo — Broker Associate, Signal Real Estate · MA Lic. #9534264

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.

📞 978-790-4381📍 25 Braintree Hill Park, Suite 200, Braintree, MA 02184
Signal Real EstateLinkedInZillowFacebook