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62-R Wallis Street, Peabody MA 01960

$1,120,000

Estimated $2,622.49/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $373,333.33

Total Rent: 61800/year

Estimated CAP Rate: 4.65%

9 Bedrooms

5 Full Baths

4,276 SqFt

Total Parking: 9 (1 Garage)

23,292 SqFt

A truly one of a kind property with potentials to subdivide or expand. This property features a rare lot size of a whopping 23,292 SqFt. conveniently located in the downtown area making it an ideal location for discerning investors and developers. The first unit has 4 bds and 2 baths. Previously an owner's unit; it features gleaming hardwood floors through out, stainless steel appliances, granite countertops, and a ductless Mini-Split System. The units on the left side of the building, one has one bedroom and the unit on the second floor has two bedrooms, all with large closet spaces. The lower level features a finished in-law suite. Current TAW tenants with lower rents offer flexibility for new management strategies. Tenant Appeal: Close to local attractions, public transportation, and major highways, appealing to long-term residents. Newer roof, utilities at the property are submetered and the responsibility of the tenants. First day of tours, Saturday, July 5th.

This home has been viewed 22 times

Last Checked: July 12th, 2025 at 5:33am (Source: MLS PIN #73398645)

Gross Income: $61,800

Gross Expenses: $9,677

Net Income Calc: $52,123

CAP Rate: 4.65%

Annual Expenses for 62-R Wallis Street, Peabody MA 01960

Total Gross Expenses (Calculated)$9,677/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$9,677

Annual Income & Unit Breakdown for 62-R Wallis Street, Peabody MA 01960

Total Gross Income (Calculated)$61,800

Unit 1

Rental Income$3,500

LeaseN

Bedrooms4

Bathrooms2 Full

Floor1

Levels in Unit2

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water)

Unit 2

Rental Income$650

LeaseN

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water)

Unit 3

Rental Income$1,000

LeaseN

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water)

General Information for 62-R Wallis Street, Peabody MA 01960

Listing ID73398645

Property TypeMulti Family / 3 Family

Price$1,120,000 ($261.93/SqFt)

Style3 Family

CityPeabody

CountyEssex

MLS Area

Neighborhood(s)Ipswich

Approximate Living Area Total4,276 SqFt

Approximate Lot Size (Acres)0.53 acres

Total Parking9 (1 Garage)

Garage Parking1 / Detached

Year Built1985

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot Features

Foundation Area

Foundation DescriptionConcrete Perimeter

Accessible Features

Outdoor SpacePorch

ZoningR2

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 62-R Wallis Street, Peabody MA 01960

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$61,800

Total Net Income By Broker$61,800

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation

Facilitator Compensation

Sub-Agent Compensation

Compensation Based On

Financial Information for 62-R Wallis Street, Peabody MA 01960

Real Estate Taxes$9,677

Tax Year2025

Assessed Value$1,045,000

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$61,800

BostonRealEstate.com Gross Income

Total Net Income By Broker$61,800

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)4.65%

Location Information for 62-R Wallis Street, Peabody MA 01960

Elementary School

Middle School

High School

Neighborhood(s)Ipswich

MLS Area

Area AmenitiesHighway Access, House Of Worship, Public School, Shopping, Park, Medical Facility, Public Transportation

Contact Information for 62-R Wallis Street, Peabody MA 01960

Agent

Name: James Pham

MLS ID: CN218964

Office ID: G62134

National Association ID: 456014724

Address: 18 Lewis Street

City: Lowell

State: MA

Zip: 01854

Office

Name: RE/MAX Partners

MLS Office ID: G62134

Phone: 978-475-2100

Payment Calculator

, Interest

Property Taxes 806.42

Principal & Interest 6901.08

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

RE/MAX Partners

James Pham

Agent Phone

Office Phone

(978) 475-2100

Text Agent Call Agent Call Office

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[perc_test_date] => Unknown
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        )

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    [year_built_details] => Approximate
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    [zoning] => R2
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EXIT

Pending

62-R Wallis Street, Peabody MA 01960

$1,120,000

Annual Expenses for 62-R Wallis Street, Peabody MA 01960

Annual Income & Unit Breakdown for 62-R Wallis Street, Peabody MA 01960

General Information for 62-R Wallis Street, Peabody MA 01960

Disclosures for 62-R Wallis Street, Peabody MA 01960

Financial Information for 62-R Wallis Street, Peabody MA 01960

Location Information for 62-R Wallis Street, Peabody MA 01960

Contact Information for 62-R Wallis Street, Peabody MA 01960

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