Investment opportunity: 2-family home with recent fire damage in the heart of Peabody being sold AS IS (will not qualify for traditional financing). Large units were completely renovated 2 years ago prior to fire. Unit 1 has a total of 4 beds and 2 baths, including finished basement with potential for in-law setup. Unit 2 has 3 beds and 1 bath. There’s a 1-car attached garage as well as a separate storage room. Centrally located just off Main St with many shops and restaurants, public transportation and supermarket and proximity to Rte 128 and I-95. Do not miss out on this great opportunity and schedule a private showing or come to our group showing Friday 7/11 4:30-5:30pm.

Property Details

Price:
$499,000
MLS #:
73401736
Status:
Active
Beds:
7
Baths:
3
Address:
38 Pierpont St
Type:
Multi Family
Subtype:
2 Family – 2 Units Up/Down
City:
Peabody
Listed Date:
Jul 9, 2025
State:
MA
Finished Sq Ft:
2,862
Total Sq Ft:
2,862
ZIP:
01960
Lot Size:
3,223 sqft / 0.07 acres (approx)
Year Built:
1900
Units:
2

Schools

Interior

Appliances
Microwave, E N E R G Y S T A R Qualified Refrigerator, E N E R G Y S T A R Qualified Dishwasher, Range
Bathrooms
3 Full Bathrooms
Cooling
Central Air
Flooring
Wood, Vinyl, Hardwood
Heating
Central, Natural Gas
Laundry Features
Electric Dryer Hookup, Washer Hookup

Exterior

Construction Materials
Frame
Parking Features
Paved Drive
Parking Spots
1
Roof
Rubber

Financial

Net Operating Income
$92,400
Tax Year
2023
Taxes
$4,842

Map

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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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38 Pierpont St
Peabody, MA