Back on Market, please read disclosures. Rare to the market, this 4-unit multi-family property is located in Central Peabody, close to Rt-128/I95/Rt-1. This property presents an excellent opportunity for an investor, contractor, or owner-occupant looking to renovate and achieve market rents, restoring it to a renovated condition. All four units are 2-bedroom, 1-bathroom units with very similar layouts. Part of the driveway was paved in 2024, and a new Cultec drywell system was installed. Each unit has 100-amp individual electrical panels. Three units have gas-powered forced air heating systems, while one unit has gas-powered hot water baseboard heating. Gas and electric are separately metered for each unit. There is plenty of value to add to this property! This building offers significant opportunities to build equity and generate higher income!
Sale Statistics
Sale Overview
Original List Price:$830,000
Final Sale Price:$815,000
Difference:
$15,000 (-1.8%)
Performance Metrics
98.2%
List to Sale Ratio
Sold below asking price
16
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft:$289
Sale $/sq ft:$284
This property sold for $284 per square foot
Sale Summary
This property sold for 1.8% below the original asking price.
With only 16 days on market, this was a quick sale compared to typical market conditions.
Facts & Features
Property Overview
Property Type
4 Family
Property Category
Residential Income
Year Built
1900
Bedrooms
8
Full Bathrooms
4
Living Area
2,870 sq ft
Total Rooms
16
Stories
4
Levels
4
Interior Features
Flooring
Wood, Tile, Carpet, Laminate
Heating
Forced Air, Natural Gas, Baseboard
Has Heating
Yes
Cooling
Window Unit(s)
Has Cooling
Yes
Has Fireplace
No
Appliances
Washer, Dryer, Range, Refrigerator, Microwave
Interior Features
Living Room, Kitchen, Dining Room
Basement Details
Sump Pump
Exterior & Structure
Roof
Shingle
Foundation
Stone, Brick/Mortar
Patio/Porch Features
Enclosed
Has Spa
No
Waterfront Property
No
Lot & Land
Lot Size
0.08 acres
Lot Size
3,511 sq ft
Lot Size Area
0.0800
Lot Features
Gentle Sloping
Road Frontage Type
Public
Parking & Garage
Has Garage
No
Total Non-Garage Parking Spaces
6
Parking Features
Paved Drive, Off Street, Assigned, Driveway, Paved
Utilities & Systems
Utilities Available
for Gas Range, for Gas Oven
Water Source
Public
Sewer
Public Sewer
Electric
100 Amp Service, Individually Metered
Community & HOA
Community Features
Public Transportation, Shopping, Park, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Private School, Public School, University
Senior Community
No
Financial & Tax Information
Annual Tax Amount
$6,828
Tax Year
2025
Tax Assessed Value
$737,400
Parcel Number
M:0074 B:0075C,2104199
Zoning
R4
Financial Data Source
Estimated, Owner
Additional Details
Year Built Source
Public Records
Year Built Details
Actual
Disclosures
3 units to be delivered vacant, 4th unit yet to secure housing to our knowledge, remaining tenant is month to month. New sump pump installed. Buyer and buyer's agent to do due diligence. Previous potential buyer claims to have found post beetles but no reports were provided.
