Peabody, MA Multifamily Home for Sale

Peabody, Massachusetts, situated in Essex County, is a vibrant city with a rich industrial history dating back to the 18th century. Today, its economy thrives on manufacturing, retail, and service industries, with major employers like Northshore Mall and Boston Children's Hospital - Peabody. The city boasts a population of approximately 54,204 and offers a welcoming environment for businesses, featuring one of the lowest tax rates in the county. Peabody's attractions include the bustling Northshore Mall, which defies the trend of declining brick-and-mortar retail with over 140 shops and dining options. Downtown Peabody is home to cultural venues like the Black Box Theater and the North Shore Children's Museum. The annual Peabody International Festival celebrates the city's diversity with food, performances, and games. Housing options range from Cape Cod and Colonial Revival homes to multifamily properties and condos, with prices generally lower than in Boston. Education is supported by Peabody Public Schools and highly rated private institutions like Covenant Christian Academy and Bishop Fenwick High School. Outdoor enthusiasts can explore Crystal Lake Conservation Land and Brooksby Farm, while the Independence Greenway Path offers recreational trails. Peabody is conveniently connected via Interstate 95 and U.S. Route 1, with commuter rail access in nearby Salem. Crime rates in Peabody are below the national average, contributing to a sense of security for residents.