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46-48 Walnut St, Peabody MA 01960

$2,900,000

Estimated $5,984.92/month Calculator

Multi Family

Total Units: 5

Price Per Unit: $580,000

Total Rent: 0/year

Estimated CAP Rate: -0.53%

5 Bedrooms

5 Full Baths

10,231 SqFt

Total Parking: 0

6,839 SqFt

Exceptional mixed-use opportunity in Peabody's downtown district! 46–48 Walnut St features two commercial units on the first floor, one currently used as a residential apartment (to be delivered vacant) and a bakery currently leased. At the buyer’s request, the seller can terminate the bakery lease, giving the option to assume the space or re-lease it. The second and third floors include 4 - 1 BR residential units with strong rental demand and short-term leases for flexibility. Prime location with excellent visibility near shopping, dining, and major routes. Neighboring commercial property is also on the market, creating a unique chance to expand and enhance future value.

This home has been viewed 33 times

Last Checked: November 18th, 2025 at 7:24am (Source: MLS PIN #73442456)

Gross Income: $0

Gross Expenses: $15,390

Net Income Calc: $15,390

CAP Rate: -0.53%

Annual Expenses for 46-48 Walnut St, Peabody MA 01960

Total Gross Expenses (Calculated)$15,390/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$15,390.98

Annual Income & Unit Breakdown for 46-48 Walnut St, Peabody MA 01960

Total Gross Income (Calculated)$0

Unit 1

Rental Income$0

LeaseN

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms1

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingNo

Rent Includes

Unit 3

Rental Income$0

Lease

Bedrooms1

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingNo

Rent Includes

Unit 4

Rental Income$0

Lease

Bedrooms1

Bathrooms1 Full

Floor3

Levels in Unit1

HeatingNo

Rent Includes

General Information for 46-48 Walnut St, Peabody MA 01960

Listing ID73442456

Property TypeMulti Family

Price$2,900,000 ($283.45/SqFt)

Style5+ Family - 5+ Units Up/down

CityPeabody

CountyEssex

MLS Area

Neighborhood(s)Ipswich

Approximate Living Area Total10,231 SqFt

Approximate Lot Size (Acres)0.16 acres

Total Parking0

Garage Parking

Year Built1930

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame, Brick

Lot FeaturesLevel

Foundation Area

Foundation DescriptionOther

Accessible Features

Outdoor Space

ZoningGBD

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 46-48 Walnut St, 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$0

Total Net Income By Broker$0

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation

Facilitator Compensation

Sub-Agent Compensation

Compensation Based On

Financial Information for 46-48 Walnut St, Peabody MA 01960

Real Estate Taxes$15,390.98

Tax Year2025

Assessed Value$809,200

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$0

BostonRealEstate.com Gross Income

Total Net Income By Broker$0

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)-0.53%

Location Information for 46-48 Walnut St, Peabody MA 01960

Elementary School

Middle School

High School

Neighborhood(s)Ipswich

MLS Area

Area Amenities

Contact Information for 46-48 Walnut St, Peabody MA 01960

Agent

Name: Helena Araujo

Office

Name: eXp Realty

Phone: 888-854-7493

Payment Calculator

, Interest

Property Taxes 1282.58

Principal & Interest 17868.88

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

eXp Realty

Helena Araujo

Agent Phone

Office Phone

(888) 854-7493

Text Agent Call Agent Call Office

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EXIT

Active

46-48 Walnut St, Peabody MA 01960

$2,900,000

Annual Expenses for 46-48 Walnut St, Peabody MA 01960

Annual Income & Unit Breakdown for 46-48 Walnut St, Peabody MA 01960

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Financial Information for 46-48 Walnut St, Peabody MA 01960

Location Information for 46-48 Walnut St, Peabody MA 01960

Contact Information for 46-48 Walnut St, Peabody MA 01960

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Helena Araujo