A rare find in Peabody: a DOUBLE LOT! Welcome to 25 Proctor Street, a turnkey two-family home offering the perfect opportunity for both investors and owner-occupants alike! This well-maintained property features two spacious units, each offering 2 bedrooms and 1 full bathroom, with beautiful hardwood floors throughout, gas heating, and a full basement providing ample storage space. Both units are currently occupied by tenants at will, offering immediate rental income potential. What truly sets this property apart is the additional 6,290 sq. ft. lot located at 15 Davis Terrace, with the deed to be conveyed as part of the sale! An exceptional opportunity with added possibilities! Enjoy a beautifully landscaped yard, a one-car garage, and a wonderful neighborhood setting, all while being conveniently located near major routes, schools, shopping, dining, and everything Peabody has to offer. Whether you're looking to expand your investment portfolio or make one unit your home while generating rental income from the other, this property checks all the boxes. Truly a Peabody gem you won't want to miss!
This home has been viewed 5 times
Last Checked: November 11th, 2026 at 10:28am (Source: MLS PIN #73600888)
Gross Income: $58,200
Gross Expenses: $6,244
Net Income Calc: $51,956
Annual Expenses for 25 Proctor St, Peabody MA 01960
Total Gross Expenses (Calculated)$6,244/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax6244
Annual Income & Unit Breakdown for 25 Proctor St, Peabody MA 01960
Total Gross Income (Calculated)$58,200
Unit 1
Rental Income$0
LeaseN
Bedrooms2
Bathrooms1 Full
Floor1
Levels in Unit1
Rent Includes
Unit 2
Rental Income$0
LeaseN
Bedrooms2
Bathrooms1 Full
Floor2
Levels in Unit1
Rent Includes
General Information for 25 Proctor St, Peabody MA 01960
Listing ID73600888
Property TypeMulti Family
Price849000 ($441.27/SqFt)
StyleMulti Family
CityPeabody
CountyEssex
Neighborhood(s)Ipswich
Approximate Living Area Total1924
Approximate Lot Size (Acres)0.12
Total Parking6 (1 Garage)
Garage Parking1
Year Built1900
Year Built SourcePublic Records
Year Built DetailsApproximate
WaterPublic
SewerPublic Sewer
Electric220 Volts
Hot Water
Roof MaterialAsphalt/fiberglass Shingles
BasementFull
Construction MaterialsFrame
Lot Features
Foundation Description
Accessible Features
Outdoor SpaceCovered
ZoningR1A
Water Views
Water Views Features
Waterfront0
Waterfront Features
Terms
Disclosures for 25 Proctor St, Peabody MA 01960
Lead PaintNone
UFFI
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourcePublic Records
ExclusionsPersonal Property
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 25 Proctor St, Peabody MA 01960
Real Estate Taxes6244
Tax Year2026
Assessed Value$659,300
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 25 Proctor St, Peabody MA 01960
Neighborhood(s)Ipswich
Area AmenitiesWalk/jog Trails
Contact Information for 25 Proctor St, Peabody MA 01960