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98 Main St, Peabody MA 01960

$1,900,000

Estimated $4,738/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $950,000

Total Rent: 120000/year

Estimated CAP Rate:

6 Bedrooms

Baths

3150

Total Parking: 13

7,400 (0.17)

Rare standalone mixed-use opportunity in downtown Peabody. Currently operating as a successful café, the commercial space features a spacious dining area, service counter, bakery/café setup, and two restrooms. The lower level is fully equipped for food service operations with a walk-in refrigerator, walk-in freezer, prep kitchen, pastry room, office, bathroom, multiple storage rooms, and additional support space. Above the commercial space is a large residential unit offering 6 bedrooms, formerly configured as separate apartments, the residence was combined into one expansive unit. Well-positioned on Main Street with excellent visibility and ample off-street parking, this unique property is ideal for those seeking a mixed-use asset with both established commercial and residential components.

This home has been viewed 3 times

Last Checked: July 23rd, 2026 at 7:53pm (Source: MLS PIN #73554040)

Gross Income: $120,000

Gross Expenses: $19,882

Net Income Calc: $100,118

Water Views

Annual Expenses for 98 Main St, Peabody MA 01960

Total Gross Expenses (Calculated)$19,882/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax19882.98

Annual Income & Unit Breakdown for 98 Main St, Peabody MA 01960

Total Gross Income (Calculated)$120,000

Unit 1

Rental Income$0

LeaseN

Bedrooms0

Bathrooms3 Half

Floor1

Levels in Unit2

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms6

Bathrooms1 Full, 1 Half

Floor2

Levels in Unit2

Rent Includes

General Information for 98 Main St, Peabody MA 01960

Listing ID73554040

Property TypeMulti Family

Price1900000 ($603.17/SqFt)

StyleMulti Family

CityPeabody

CountyEssex

Neighborhood(s)Ipswich

Approximate Living Area Total3150

Approximate Lot Size (Acres)0.17

Total Parking13

Garage Parking0

Year Built1830

Year Built SourcePublic Records

Year Built DetailsActual

WaterPublic

SewerPublic Sewer

Electric

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features1

Outdoor SpaceCovered

ZoningBC

Water ViewsNo

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 98 Main St, Peabody MA 01960

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsNo

Financial Data Source

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Compensation Based On

Financial Information for 98 Main St, Peabody MA 01960

Real Estate Taxes19882.98

Tax Year2026

Assessed Value$1,054,800

Financial Data Source

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 98 Main St, Peabody MA 01960

Neighborhood(s)Ipswich

Area AmenitiesWalk/jog Trails

Contact Information for 98 Main St, Peabody MA 01960

Agent

Name: The Pizzo Group

Office

Name: Aluxety

Phone: 800-806-3212

Team Members

Payment Calculator

, Interest

Property Taxes 1656.92

Principal & Interest 11707.2

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Aluxety

The Pizzo Group

Agent Phone

Office Phone

(800) 806-3212

Text Agent Call Agent Call Office

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    [description] => Rare standalone mixed-use opportunity in downtown Peabody. Currently operating as a successful café, the commercial space features a spacious dining area, service counter, bakery/café setup, and two restrooms. The lower level is fully equipped for food service operations with a walk-in refrigerator, walk-in freezer, prep kitchen, pastry room, office, bathroom, multiple storage rooms, and additional support space. Above the commercial space is a large residential unit offering 6 bedrooms, formerly configured as separate apartments, the residence was combined into one expansive unit. Well-positioned on Main Street with excellent visibility and ample off-street parking, this unique property is ideal for those seeking a mixed-use asset with both established commercial and residential components.
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    [unparsed] => 98 Main St, Peabody MA 01960
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EXIT

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