$599,000
 $3,216 est/mo Sourced by Back At You

71 Tremont Street,Peabody, MA 01960

Peabody, MA 01960

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Description

**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.

Details

MLS #73566254
Listing TypeFor Sale
Sub-TypeResale
StatusPending
Year1900
Days On Site41
Listing Provided ByGibson Sotheby's International Realty | Marjie and Phil

Features

Bed(s)5
Bath(s) 3 Total
SQ Feet1,722
BasementY
Story(s)3
Units2
ZoningR2
Acreage0.12

Interior

Rooms Total10
Fireplaces Total0
Fireplace Yes / NoNo

Exterior

Foundation DetailsStone

Parking

Garage Yes / NoNo
Parking FeaturesPaved Drive, Off Street, Paved
Open Parking Yes / NoYes

Utilities

SewerPublic Sewer

Taxes

Tax Annual Amount5582
Tax Assessed Value602800
Tax Year2025

Location

Senior Community Yes / NoNo

Area Information

StateMA
CountyEssex
CityPeabody
Zip Code01960
AreaEssex
Listing VS Median (in 01960)
Price:
$599,000
low | high
Med:
$529,900
61.535893155259% of Average
sqft:
1,722
low | high
Med:
1,072
87.746806039489% of Average
$ / sqft:
$348
low | high
Med:
$494
7.896276131862% of Average
On site:
41
low | high
Med:
14
100% of Average
Sourced by Back At You

Market Activity 01960

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Additional Information

Showing Information

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Contact

Learn More About This Property

Wendy Tauber

Wendy Tauber

HK Realty

 (603) 502-7151wendy@h-krealty.com
StateMA
CountyEssex
CityPeabody
Zip Code01960
AreaEssex
Listing VS Median (in 01960)
Price:
$599,000
low | high
Med:
$529,900
61.535893155259% of Average
sqft:
1,722
low | high
Med:
1,072
87.746806039489% of Average
$ / sqft:
$348
low | high
Med:
$494
7.896276131862% of Average
On site:
41
low | high
Med:
14
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $449K - $748K
sqft: 1,000 - 2,000
Nearby Listings Property ImageNearby Listings Details
44 Paleologos Property Photo 1
$719,900
44 Paleologos
Peabody, MA 01960
Listing Updated: September 29, 2026 at 7:38:20 AM PDT