Triplex with Single-Level
New
For Sale
$649,900
153R Washington St, Peabody, MA 01960
Residential Income, Peabody, MA
Property Size1,536 SF
Lot Size0.13 Acres
Price / SF$423.11
Days on Market1
Property Features for 153R Washington St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
BN2
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bedroom 1, Bathroom 3, Bathroom 1, Bedroom 2, Bedroom 3
Parking
4
Directions
Rte 95N/128N to Summit St and Lynnfield St to Washington St.
Standard status
Active
APN
M:0095 B:0016,2106752
Size
1,536 SF
Lot size
0.13 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5331
Amenities
dedicated storage
Building Details
Year built
1940
Floors in Building
3
Number of units
3
Listing Agency:
Keller Williams Realty
Listed By:
Susan Rochwarg
(978) 475-2111
Added: Oct 30
Last Checked: Oct 30 at 9:06PM
MLS# 73596952
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1940-built triplex contains three single-level residences, each arranged with one bedroom, one bathroom, a living room, and a kitchen. The property totals 1,536 square feet on a 0.1322-acre lot. Dedicated storage for each unit is located in the basement, and the site has three private parking spaces with room for a fourth vehicle through tandem parking.
At 153R Washington St in Peabody, the building sits behind other properties off a busy street and is within walking distance of downtown, restaurants, and everyday amenities. Zoning is BN2.
Property updates include a roof replaced in 2022, a new hot water heater in 2026, interior paint in Unit 3, and reglazed tubs in Units 1 and 2.
At 153R Washington St in Peabody, the building sits behind other properties off a busy street and is within walking distance of downtown, restaurants, and everyday amenities. Zoning is BN2.
Property updates include a roof replaced in 2022, a new hot water heater in 2026, interior paint in Unit 3, and reglazed tubs in Units 1 and 2.
Key Highlights
- Three residences, each with one bedroom and one bathroom
- 1,536 square feet on a 0.1322‑acre lot
- Three private parking spaces; room for a fourth with tandem parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,876
Cap Rate
3.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$517,520
$517.5K
Cap Rate 7%
$369,657
$369.7K
Cap Rate 9%
$287,511
$287.5K
Market Conditions
NOI Build-Up for 1,536 SF
Gross rent
$38.7K $25.20/SF
− Vacancy
−$1.7K −$1.13/SF
EGI
$37.0K $24.07/SF
− OpEx
−$11.1K −$7.22/SF
NOI
$25.9K $16.85/SF
Area
Essex County, MA
Vacancy
4.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$517,520
Cap Rate 7%
$369,657
Cap Rate 9%
$287,511
Alternative Uses
Best Use
Multifamily LT 5
$369.7K
$323.5K – $431.3K
NOI $25,876 @ 7.0% cap · market cap 3.98%
Second Best
Apartment 5plus
$333.7K
$292.0K – $389.3K
NOI $23,357 @ 7.0% cap · market cap 3.59%
Theoretical Best
Office A
$909.3K
$795.6K – $1.06M
NOI $63,651 @ 7.0% cap · market cap 9.79%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,066
Businesses Nearby
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Business Placement
Demographics for 01960, MA
54,155
Population
23,009
Households
2.4
Avg Household Size
47
Median Age
34%
College-Educated
91%
High-School Grad
16.0 sq mi
ZIP Area
3,385
Density / Sq Mi
$95,173
Median Household Income
$56,100
Median Earnings
$1,902
Median Rent
$566,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Each residence has one bedroom, one bath, a living room, and kitchen, with dedicated basement storage.
Where is this triplex located?
The property is located at 153R Washington St Peabody, MA.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Three residences, each with one bedroom and one bathroom; 1,536 square feet on a 0.1322‑acre lot; Three private parking spaces; room for a fourth with tandem parking
