K
Seller's Agent in 2025
Kelleher - Pentore Team
Horvath & Tremblay
111 Main St Peabody, MA 01960
Peabody Town Center Neighborhood
27
Beds
21
Baths
10,152
Sq Ft
0.3
Acres Lot
Highlights
- Golf Course Community
- 0.3 Acre Lot
- Jogging Path
- Medical Services
- Property is near public transit and schools
- Park
About This Home
As of May 2025111 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
Last Agent to Sell the Property
Kelleher - Pentore Team
Horvath & Tremblay Listed on: 12/03/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $26,983
Year Built
- Built in 2000
Home Design
- Shingle Roof
Interior Spaces
- 10,152 Sq Ft Home
- Property has 1 Level
- Unfinished Basement
Bedrooms and Bathrooms
- 27 Bedrooms
- 21 Full Bathrooms
Parking
- 12 Car Parking Spaces
- Driveway
- Open Parking
- Off-Street Parking
Additional Features
- 13,068 Sq Ft Lot
- Property is near public transit and schools
- Separate Meters
Listing and Financial Details
- Total Actual Rent $32,767
- Rent includes unit 1(water), unit 2(water)
- Assessor Parcel Number 2105857
Community Details
Overview
- 21 Units
Amenities
- Medical Services
- Shops
- Coin Laundry
Recreation
- Golf Course Community
- Park
- Jogging Path
- Bike Trail
Building Details
- Operating Expense $113,712
- Net Operating Income $292,980
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/29/2025 05/29/25 | Sold | $4,000,000 | -7.0% | $394 / Sq Ft |
| 12/16/2024 12/16/24 | Pending | -- | -- | -- |
| 12/03/2024 12/03/24 | For Sale | $4,300,000 | -- | $424 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $27,398 | $2,958,700 | $790,000 | $2,168,700 |
| 2024 | $25,695 | $2,817,400 | $790,000 | $2,027,400 |
| 2023 | $22,245 | $2,336,700 | $242,100 | $2,094,600 |
| 2022 | $20,739 | $2,053,400 | $198,200 | $1,855,200 |
| 2021 | $20,907 | $1,993,000 | $198,200 | $1,794,800 |
| 2020 | $20,833 | $1,939,800 | $198,200 | $1,741,600 |
| 2019 | $18,753 | $1,703,300 | $198,200 | $1,505,100 |
| 2018 | $18,260 | $1,593,400 | $188,800 | $1,404,600 |
| 2017 | $16,496 | $1,402,700 | $188,800 | $1,213,900 |
| 2016 | $15,459 | $1,296,900 | $188,800 | $1,108,100 |
| 2015 | $16,050 | $1,304,900 | $188,800 | $1,116,100 |
Source: Public Records
Agents Affiliated with this Home
-
-
Steve Girolamo
Seller Co-Listing Agent in 2025
Steve Girolamo
Horvath & Tremblay
(978) 406-1789
1 in this area
28 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73316838
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The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
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