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71 Tremont St, Peabody, MA

Peabody · MA 01960

$645,000
Price
5
Beds
3
Baths
1722
Sq. ft.

Overview

Property type: Multi-Family
Year built: Built in 1900
Units: 2 Units
Lot size: 5,049 Sq.Ft Lot
Price per square foot: $348 / Sq.Ft
Parking: 5 Off Street Spaces

About this home

**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.

Neighborhood & Transit

71 Tremont St, Peabody · MA 01960

Nearby transit

Within 0.5 mile, measured straight-line to the nearest station entrance.

No subway or commuter rail stations within 0.5 mile.

Price Insight

Days on Market:
76 days
Listing Price:
$599,000
Price per Sq.Ft:
$348
Tax Assessment:
$602,800 in 2025
Taxes:
$465 / Monthly

Home Facts

Interior Features

Bedrooms
5
Full Bathrooms
3
Half Bathrooms
0
Living Area
1,722 Sq.Ft
Kitchen
Unknown
Primary Bedroom
Unknown
Laundry
Unknown
Living levels
Unknown
Rooms
Unknown
Above grade area
1722
Flooring
Unknown
Lead paint
Unknown

Utilities

Heating Type
Unknown
Heating Zone
Unknown
Cooling
Unknown
Cooling Zones
Unknown
Water
Unknown
Sewer
Unknown
Electric Features
Unknown

Exterior Features

Lot Size
5,049 Sq.Ft
Lot Description
Unknown
Exterior Features
Unknown

Parking

Garage Parking
0 Parking Spaces
Off Street Parking
5 Parking Spaces

Construction Details

Construction Type
Unknown
Siding
Aluminum, Vinyl
Roof
Unknown

Green Features

Electric Vehicle Charger
Unknown
Solar Panels
Unknown
Green Certified
Unknown
Insulation Features
Unknown
Energy Features
Unknown

Listing information

Listing agent
Marjie and Phil
Listing office
Gibson Sotheby's International Realty
MLS PIN #
73566254
Disclosure
2nd and 3rd floors are one apartment 3rd floor is not separate legal apt. Heating systems are mid life and in good condition. Roof is newer.