Peabody Homes under $500,000

Welcome to Peabody, Massachusetts, a charming city nestled in Essex County that perfectly blends suburban tranquility with vibrant urban amenities. With its rich history dating back to the 17th century, Peabody is known for its friendly community, excellent schools, and a variety of recreational opportunities that make it an ideal place to call home.

Peabody boasts a diverse range of neighborhoods, each with its own unique character. From the bustling downtown area filled with shops, restaurants, and cultural attractions to the serene residential streets lined with beautiful trees, there's something for everyone. The city is also conveniently located just a short drive from Boston, making it easy to enjoy all the excitement of city life while returning to the peacefulness of suburbia.

For those looking to invest in real estate, Peabody presents an enticing opportunity with homes available for under $500,000. Whether you're a first-time homebuyer, a growing family, or someone looking to downsize, this price range offers a variety of options. From charming single-family houses with spacious yards to modern condos with contemporary finishes, you can find a home that fits your lifestyle and budget.

Outdoor enthusiasts will appreciate Peabody’s numerous parks and recreational facilities, including the popular Peabody City Hall and the scenic Brooksby Farm. With a strong sense of community and a wealth of amenities, Peabody is not just a place to live—it's a place to thrive. Explore the possibilities and discover your new home in this delightful city!

Newest Peabody Homes under $500,000

$389,900

2 Beds ⋅ 1 Baths ⋅ 73588972 MLS

Large open concept 2 bedroom townhouse. Great kitchen area with lots of cabinet space. 1st floor opens up into a large living room and dining area. Top floor consists of 2 full sized bedrooms and a full bath. Great location. Move right in and enjoy the holiday season in your new home. Seller willing to buy down the mortgage rate of this home. One-Year American Home Shield Warranty included. OPEN HOUSE SUNDAY 10/11 FROM 11AM-1PM. IF YOU CAN'T MAKE OPEN HOUSE, PLEASE SET UP APPTS THRU SHOWINGTIME SUNDAY AFTER OPEN HOUSE & ALL DAY MONDAY AND TUESDAY. ALL OFFERS DUE TUESDAY, 10/13 BY 5PM.

27 Lynn St Unit A, Peabody

$399,900

2 Beds ⋅ 1 Baths ⋅ 73588970 MLS

Large open concept 2 bedroom townhouse. Great kitchen area with lots of cabinet space. 1st floor opens up into a large living room and a bonus room with a sliding door to a screened in porch. Hardwood floors. Top floor consists of 2 full sized bedrooms and a full bath. Great location. Move right in and enjoy the holiday season in your new home. Seller willing to buy down the mortgage rate of this home. One-Year American Home Shield Warranty included. OPEN HOUSE SUNDAY 10/11 FROM 11AM-1PM. IF YOU CAN'T MAKE OPEN HOUSE, PLEASE SET UP APPTS THRU SHOWINGTIME SUNDAY AFTER OPEN HOUSE & ALL DAY MONDAY AND TUESDAY. ALL OFFERS DUE TUESDAY, 10/13 BY 5PM.

25 Lynn St Unit B, Peabody

$179,900

2 Beds ⋅ 1 Baths ⋅ 73587996 MLS

BEAUTIFULLY RENOVATED UNIT IN VERY DESIRABLE PARK. NEW FHW HEATING SYSTEM HUGE ADDITION NEW PLUMBING LARGE FENCED IN YARD, UPDATED KITCHEN WITH CENTER ISLE AND STAINLESS STEEL APPLIANCES PATIO LARGE DRIVEWAY, MUD ROOM LAMINATE FLOORS HUGE SHED PARK RENT ONLY 270 A MONTH INCLUDES RE TAXES WATER AND SEWER TRASH REMOVAL, SNOW PLOWING AND COMMON AREA MAINENANCE. LIVE IN THE HOTTEST ZIP CODE IN THE COUNTRY . 1975 MONARCH 60X12 WITH HUGE ADDITION SERIAL NUMBER 15044

252 Newbury Unit 54, Peabody

$359,000

1 Beds ⋅ 1 Baths ⋅ 73587610 MLS ⋅ ['Keefe Hall Condominium'] BLDG.

Spacious and sun-filled 1-bedroom condo in Peabody’s distinctive Keefe Hall building! Offering approximately 880 sq. ft. of living space, this inviting unit features an open layout, high ceilings, oversized windows and recently upgraded luxury vinyl tile flooring. The generous living and dining area provides plenty of room to relax or entertain, while the large bedroom offers an impressive amount of closet space. Originally a school building, Keefe Hall offers unique character and architectural details you won’t find in a typical condo. Additional highlights include central air, two parking spaces, private deeded storage and convenient building laundry. Ideally located near downtown Peabody with easy access to shopping, restaurants, parks and major commuter routes including Routes 1, 128 and I-95. A spacious, well-maintained home offering a great combination of character, convenience and value.

210 Washington St Unit 11, Peabody

$459,000

2 Beds ⋅ 2 Baths ⋅ 73587353 MLS ⋅ ['Tannery Village'] BLDG.

Welcome home to this charming 2-bedroom, 1.5-bathroom townhome in a desirable Peabody location. Offering a comfortable layout, convenient off-street parking, and a private outdoor space, this home is an excellent opportunity for anyone looking for low-maintenance living with a peaceful setting. The main living area features a welcoming floor plan with plenty of natural light and a comfortable flow for everyday living. Upstairs, you’ll find two well-sized bedrooms, laundry, and a full bathroom, while a convenient half bath is located on the main level. Step outside to your private patio overlooking a tranquil pond—the perfect spot to enjoy your morning coffee. Located close to shopping, restaurants, major highways, and area amenities.

52 Warren St Unit 8, Peabody

$299,998

1 Beds ⋅ 1 Baths ⋅ 73586998 MLS ⋅ ['Southwyck'] BLDG.

Welcome to downtown Peabody! This charming 1-bedroom, 1-bath condo offers character, natural light, and convenience. Soaring high ceilings, oversized windows, and beautiful exposed brick create a bright, open, loft-like feel and truly set this home apart. The open-concept layout features a well-appointed kitchen with stainless steel appliances, granite countertops, and plenty of cabinet storage. The spacious bedroom includes a walk-in closet, while in-unit laundry adds everyday convenience. Off-street parking is an added bonus for downtown living. Storage units and a second parking space are also available for rent. Ideally located near Peabody Square, close to restaurants, shops, cafés, and local amenities, with easy access to major routes. A great opportunity for a first-time buyer, downsizer, or anyone seeking low-maintenance living in a vibrant downtown location.

80 Foster Street Unit 203, Peabody

$489,900

3 Beds ⋅ 1 Baths ⋅ 73586507 MLS

Tucked in a convenient location near downtown with an easy commute to Rt. 128, this well-loved 3-bedroom, 1-bath home has been in the same family for years and is ready for its next chapter. An enclosed sun porch welcomes you in, while hardwood floors flow throughout the spacious living room, dining room, and bedrooms, filling the home with natural light. Out back, a spacious deck offers privacy for relaxing or entertaining, overlooking a small, manageable yard. Parking for two to four vehicles adds everyday convenience. The kitchen and bath are ready for your personal touch — a great opportunity to update and make this home your own. Major systems are already handled: the furnace was replaced in 2014, windows have been updated, and the exterior is in great shape, so you can focus your energy on the cosmetic upgrades that matter most to you. Showings begin at 1st open house. Open Houses: Thursday October 8th, 5:00-6:30; Saturday October 10th: 10-11:30 & Sunday, October 11th: 11-12:30.

18 Clement Ave, Peabody

$319,950

4 Beds ⋅ 1 Baths ⋅ 73586106 MLS

Wonderful affordable opportunity to own a single family residence located in Peabody on a sleepy dead end street.Located minutes from all the conveniences Peabody has to offer, this very cute Cape home offers the perfect opportunity.A two vehicle detached garage with plenty of driveway parking offers unlimited potential.Home is currently occupied, BUYERS- PLEASE DO NOT DISTURB THE OCCUPANTS OR STEP FOOT ON THE PROPERTY.THE BUYER WILL BE RESPONSIBLE FOR THE REMOVAL OF THE CURRENT OCCUPANTS along with taking responsibility for Smoke certificate. Amazing opportunity for the right buyer. Property being conveyed in AS IS, WHERE IS CONDITION.NO TITLE INSURANCE WILL BE ISSUED

20 Beacon Blvd, Peabody

$319,900

1 Beds ⋅ 1 Baths ⋅ 73584529 MLS ⋅ ['Chateaux Royale'] BLDG.

Welcome to Chateaux Royale! This charming top-floor one-bedroom condo offers easy, comfortable living in a convenient location. Enjoy the added privacy of being on the top floor, along with your own private balcony. Shared laundry facilities are conveniently located on each floor. The low condo fee includes heat and hot water. With shopping, dining, transportation, and everyday conveniences nearby, this is a wonderful opportunity to enjoy condo living in a well-located community. Come see all that this inviting home has to offer. Please join us at our Open House Sunday, October 4th 12n-1pm.

500 Northshore Road Unit 6C, Peabody

$475,000

2 Beds ⋅ 2 Baths ⋅ 73584337 MLS ⋅ ['Ledgewood Condominium'] BLDG.

Enjoy easy, single-level living in this spacious 1,535 sq. ft. garden-style condo in the desirable Ledgewood community. Set in a peaceful, well-maintained and professionally managed elevator building, this move-in-ready second-floor unit offers a comfortable and versatile layout with plenty of closet space and thoughtful storage throughout. The open floor plan features a generous living/dining room combination with access to the private balcony, creating a wonderful space to relax. The eat-in kitchen offers ample cabinetry and is conveniently located next to an in-unit laundry and storage/utility room. The spacious primary suite features a walk-in closet and ensuite bath with double vanity and shower, along with direct access to the private balcony. The generously sized second bedroom also offers a slider to the balcony, while a welcoming entry foyer provides additional closet space. Additional highlights include a second full bath, assigned lower-level garage parking conveniently located next to the elevator, and a private storage closet. Residents of Ledgewood enjoy an outdoor in-ground pool, clubhouse, tennis courts, and plenty of guest parking. Conveniently located near shopping, restaurants, major highways, and all that Peabody and the North Shore have to offer. A wonderful opportunity for comfortable, convenient condo living in a well maintained unit in desirable setting.

10 Ledgewood Way Unit 10, Peabody

$450,000

2 Beds ⋅ 2 Baths ⋅ 73583627 MLS

Rare opportunity to purchase an updated 3 level townhouse featuring 2 bedrooms and 1.5 bathrooms. The main level is comprised of a living room, dining room with slider to patio, and a beautiful kitchen with white cabinets, quartz counters and stainless-steel appliances. A half bathroom completes this level. Upstairs has a master bedroom with walk in closet, a second bedroom, and a full bathroom. The basement features a family room, in unit laundry and large additional storage space. Other features include hardwood floors, central A/C and 2 off street parking spaces. The convenient location offers easy access to Rt. 128, downtown Peabody and the North Shore Mall. Hot water tank replaced summer 2026. Roof, heating system and central A/C are all approximately 40 years old. Some photos virtually staged. Buyer responsible for the cost of any lender required condo questionnaire.

129 Lowell Street Unit 4, Peabody

$459,000

2 Beds ⋅ 2 Baths ⋅ 73580301 MLS ⋅ ['Ledgewood Condominiums'] BLDG.

Ledgewood Way brings you into the well maintained Ledgewood Condominium Community. 4 Ledgewood Way welcomes you to the elevated third floor unit #21. Enter into the pristine 1020 square feet of bright sunny open living room and dining room with hardwood floors. Kitchen boasts hardwood floors, granite counters, stove, refrigerator, disposal, dishwasher and plenty of cabinet storage. The bright primary bedroom includes hardwood floors, full bath and walk in closet. The bright 2nd bedroom has hardwood floors and large closet, with full up dated bath room and linen closet in hallway. Step outside the living room onto the balcony over looking mature landscaping and seasonal pool. Large in unit utility and laundry room. Updates throughout include hardwood flooring, tiled bathroom floors, new furnace, air conditioner unit, washer and dryer, crown moulding and window treatments. Your parking is assigned with additional guest parking. On the lower level is the 9x12 storage unit to accomodate your extras. Condo fee $478. A must see and move in ready. Come experience all Peabody and the North Shore have to offer.

4 Ledgewood Way Unit 21, Peabody

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