111 Main St, Peabody MA 01960
About this home
111 Main Street consists of two desirable, three-story buildings and contains a total of twenty-one residential units comprised of a three family property (front building) consisting of three 3-Bedroom/1 Bathroom units, and an 18-unit building (rear building) with eighteen Studio units. The well-maintained Property has received significant capital investment improvements since acquisition, including a new parking lot, renovated common areas, exterior updates (painting, siding, shutters), new mechanicals (both buildings), and renovations to most of the unit interiors. The front building is separately metered for electricity, heat and hot water, which the Tenants pay directly. The rear building is separately metered for electricity and the landlord is responsible for common area electric, heat and hot water. 111 Main Street offers the opportunity to acquire a well-maintained, fully leased, turnkey investment and is ideal for a potential buyer looking for income growth and strong returns
Sale Statistics
This property sold for 7.0% below the original asking price.
With only 12 days on market, this was a quick sale compared to typical market conditions.
Facts & Features
Property Overview
Interior Features
Exterior & Structure
Lot & Land
Parking & Garage
Utilities & Systems
Community & HOA
Financial & Tax Information
Additional Details
Location
Neighborhood
111 Main St, Peabody MA 01960
Peabody, MA 01960
Walkability
Schools
School information not available
Monthly Payment Calculator
Payment Breakdown
Property History
Market Insights
Property Timeline
Sold
May 29, 2025Listed for Sale
Dec 3, 2024| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 05/29/2025 | ✓ Sold | $4,000,000 | - | - | Property sold |
| 12/03/2024 | 🏠 Listed for Sale | $4,300,000 | - | - | Original listing |