Investment Analysis — 39 Washington St

A rare opportunity for contractors, investors, or buyers looking to own a piece of Peabody history. The Rufus Brown House is a distinctive historic multi-family property that has been cherished by the same family for generations and is conveniently located close to downtown. Set on approximately 0.42 acres (26,180 square feet) and located in an R-4 zoning district, the property offers a unique combination of historic character, land, parking, and potential. The property is currently configured as two residential units and features a four-car garage along with abundant off-street parking. The substantial lot and R-4 zoning may provide opportunities to explore renovation, expansion, additional residential use, or other permitted improvements, subject to applicable zoning requirements, building and fire codes, historic considerations, and all required municipal approvals. Buyers are encouraged to conduct their own due diligence with the City of Peabody and appropriate professionals regarding any future use, alteration, expansion, or redevelopment. The home itself is filled with remarkable period details, including a classic brick sidewalk, dentil molding, large 6-over-6 windows, four marble fireplaces, Austrian crystal chandeliers, sconces, and beautiful original moldings. Curved doors and impressive 11-foot ceilings further showcase the craftsmanship and architectural character of this distinctive property. Adding to its versatility, the property was formerly used as a dentist's office, reflecting its history of accommodating professional use. The existing property, generous land area, parking, garage, and multifamily zoning make this an intriguing opportunity for a contractor, investor, owner-occupant, or buyer interested in restoring and preserving a piece of Peabody history. Special Showing Instructions: SHOWINGS BY APPOINTMENT ONLY