Historic Duplex with Architectural
For Sale
$1,050,000
Pending
39 Washington St, Peabody, MA 01960
Residential Income, Peabody, MA
Property Size3,536 SF
Lot Size0.42 Acres
Days on Market47
Property Features for 39 Washington St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R4
Bedrooms
5
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bathroom 2, Bathroom 1, Bedroom 2, Bedroom 1, Bedroom 4, Bedroom 3, Bedroom 5, Bathroom 3
Parking
8
Fireplace
1
Directions
Main St to Washington
Standard status
Pending
APN
M:0095 B:0092,2106848
Size
3,536 SF
Lot size
0.42 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
9539
Building Details
Year built
1860
Floors in Building
4
Number of units
2
Listing Agency:
Keller Williams Realty Evolution
(978) 927-8700
Listed By:
Keller Williams Realty Evolution
(781) 395-5600
Added: Aug 20
Changed: Sep 30
Last Checked: Oct 5 at 2:06PM
MLS# 73566029
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.
Investment Insights
Based on property information with market context.
This two-unit duplex occupies a 3,536-square-foot residence built in 1860 on approximately 0.4178 acres. The property includes a four-car garage, abundant off-street parking, and a layout currently configured for two residential units. Interior features include 11-foot ceilings, four marble fireplaces, large 6-over-6 windows, dentil molding, original trim, curved doors, Austrian crystal chandeliers, sconces, and a brick sidewalk. The building was also formerly used as a dentist’s office, adding to its documented history of professional occupancy.
Located at 39 Washington St in Peabody, the property is within an R-4 zoning district and near downtown. Its land area, existing garage, parking, and residential configuration provide a substantial physical base for renovation or other changes, subject to applicable zoning requirements, building and fire codes, historic considerations, and municipal approvals.
Located at 39 Washington St in Peabody, the property is within an R-4 zoning district and near downtown. Its land area, existing garage, parking, and residential configuration provide a substantial physical base for renovation or other changes, subject to applicable zoning requirements, building and fire codes, historic considerations, and municipal approvals.
Key Highlights
- Two residential units within a 3,536‑square‑foot duplex
- 0.4178 acres in an R4 zoning district
- Four‑car garage plus abundant off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,568
Cap Rate
5.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,191,360
$1.2M
Cap Rate 7%
$850,971
$851.0K
Cap Rate 9%
$661,867
$661.9K
Market Conditions
NOI Build-Up for 3,536 SF
Gross rent
$89.1K $25.20/SF
− Vacancy
−$4.0K −$1.13/SF
EGI
$85.1K $24.07/SF
− OpEx
−$25.5K −$7.22/SF
NOI
$59.6K $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%
$1,191,360
Cap Rate 7%
$850,971
Cap Rate 9%
$661,867
Alternative Uses
Best Use
Multifamily LT 5
$851.0K
$744.6K – $992.8K
NOI $59,568 @ 7.0% cap · market cap 5.67%
Second Best
Apartment 5plus
$768.1K
$672.1K – $896.2K
NOI $53,770 @ 7.0% cap · market cap 5.12%
Theoretical Best
Office A
$2.09M
$1.83M – $2.44M
NOI $146,531 @ 7.0% cap · market cap 13.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,293
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - R-4-zoned residential property with a garage and substantial off-street parking.
Where is this duplex located?
The property is located at 39 Washington St Peabody, MA.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Two residential units within a 3,536‑square‑foot duplex; 0.4178 acres in an R4 zoning district; Four‑car garage plus abundant off‑street parking
