Active Under Contract
20 Days on market
71 Tremont Street Peabody — Photo 1 of 30

71 Tremont Street Peabody — Photo 1 of 30

$599,000

71 Tremont Street, Peabody, MA 01960

Peabody, MA 01960

Beds

5

Baths

3

SqFt

1,722

Style

Multi Family

Built

1900

**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.

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$348/sqft
Local Avg (Peabody)$392/sqft
11% BelowMarket Average

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

Property Details

Financials

Original Price$599,000
Annual Taxes$5,582

Parking

Garage0
Off-Street5

Interior Specifications

Total Rooms10
FireplacesNone
Flooring--
BasementFull, Walk-Out Access

Climate & Utilities

Heating--
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
Roof--
FoundationStone
ZoningR2

Property & Lot

Acres0.12
SqFt Lot5,049
Lot Features--

Geography

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: Marjie And Phil

Listing Office: Advisors Living - Arlington

MLS® Number: 73566254

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