Welcome to 2 Ethel Ave in Peabody—a beautifully updated two-family residence offering versatility, space, and modern comfort. Gut-renovated in 2015 with further upgrades in 2025, this property features two distinct units. Unit 1: a stylish 3BR, 1.5BA home with modern kitchen, stainless appliances, in-unit laundry, private porch, fenced yard, tandem parking for up to 4 cars, and basement storage. Unit 2: a rare 6BR + 1 bonus rooms, 2.5BA duplex with 9 total rooms, open kitchen/dining, updated baths, 2 private decks, fenced yard, tandem parking for 4, and basement storage. Conveniently located on a quiet side street near downtown Peabody, shopping, dining, public transit, and major commuter routes. Perfect for investors, multigenerational households, or owner-occupants seeking rental income—this two-family is a rare North Shore opportunity! Whether purchased as an investment or for personal use, this two-family delivers the size, style, and flexibility rarely found in today’s market.

Property Details

Price:
$1,200,000
MLS #:
73428469
Status:
Active
Beds:
10
Baths:
4
Address:
2 Ethel Ave
Type:
Multi Family
City:
Peabody
Listed Date:
Sep 10, 2025
State:
MA
Finished Sq Ft:
3,519
Total Sq Ft:
3,519
ZIP:
01960
Lot Size:
10,001 sqft / 0.23 acres (approx)
Year Built:
1910
Units:
2

Schools

Middle School:
Higgins Middle School
High School:
Peabody Veterans Memorial

Interior

Appliances
Range, Oven, Dishwasher, Disposal, Microwave, Refrigerator, Freezer
Bathrooms
3 Full Bathrooms, 2 Half Bathrooms
Flooring
Tile, Hardwood

Exterior

Community Features
Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/ Jog Trails, Golf, Medical Facility, Bike Path, Conservation Area, Highway Access, House of Worship, Marina, Private School, Public School, University
Construction Materials
Frame
Exterior Features
Fruit Trees
Parking Features
Off Street, Tandem, Deeded, Paved
Parking Spots
8
Roof
Shingle

Financial

Tax Year
2025
Taxes
$8,620

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CRP: Certified Relocation Professional
CRS: Certified Residential Specialist
GRI: Graduate of Realtors Institute
CBR: Certified Buyers Representative
BSBA: Bachelor of Science in Business Administration. Babson College 1979
MBA: Master of Business Administration. Babson College 2002

James M. Joly is President and Principal-Owner of Boardwalk Real Estate Corp.,…

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2 Ethel Ave
Peabody, MA