Active
131 Days on market
149 Washington St Peabody — Photo 1 of 40

149 Washington St Peabody — Photo 1 of 40

Recent Drop: $57,000

$1,285,000
$1,228,000

$1,228,000

149 Washington St, Peabody, MA 01960

Peabody, MA 01960 — South Peabody

Beds

8

Baths

5

SqFt

4,617

Style

5-9 Family

Built

1890

A rare opportunity to acquire a versatile 6 unit mixed use property (4 Res/2 com) just south of Peabody Sq.This property is a diamond in the rough with untapped income potential and is a blank canvas for investors. Featuring: 4 residential (4 Rm, 2 BR, 1 BA each) and approx.1515 sf of highly visible commercial storefront space with excellent foot & vehicle traffic, street parking and great exposure (commercial is being used as 2 separate retail spaces). It's strategic location is situated in a very walk-able mixed use neighborhood district, boasting a walkscore of 86 out of 100. It is steps to public transportation, a wide array of local businesses, restaurants, shopping, entertainment, bars, parks, schools and more. Only minutes to Main/Lowell/Boston/Lynnfield streets, highway access-I95/128, Rte 1. Rents are below market value.

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$266/sqft
Local Avg (Peabody)$385/sqft
31% BelowMarket Average

* Analysis is based on 23 actively listed and recently sold comparable properties strictly within Peabody, MA.

Property Details

Financials

Original Price$1,285,000
Annual Taxes$10,451

Parking

Garage0
Off-Street0

Interior Specifications

Total Rooms18
FireplacesNone
Flooring--
BasementNone

Climate & Utilities

HeatingBaseboard
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofRubber
FoundationSlab
ZoningBN2

Property & Lot

Acres0.07
SqFt Lot3,223
Lot Features--

Neighborhood

Public Transportation • Shopping • Park • Highway Access

Geography

Property History

Price Drop
$1,228,000

Was $1,250,000

Sep 1, 2026

MLS® 73511500

Price Drop
$1,250,000

Was $1,285,000

Jul 17, 2026

MLS® 73511500

Listed
$1,285,000

May 1, 2026

MLS® 73511500

Population

54,474

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$97K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

34.6%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Essex County

992 housing units permitted in the last 12 months (-15% vs the prior 12 months) — 515 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jun '26)

Listing Provided By

Listing Agent: Lisa Leonard

Listing Office: Century 21 Mario Real Estate

MLS® Number: 73511500

Browse More Homes in Peabody

Explore other active listings in the area.