$2,900,000
$850K PRICE DROP

Estimated payment $16,522/month

Total Views 13,801
5 Beds
5 Baths
10,231 Sq Ft
$283 Price per Sq Ft

Highlights

  • Living Room
  • Level Lot
  • 3-minute walk to Peabody Veterans Memorial Park

About This Home

Exceptional mixed-use opportunity in Peabody's downtown district! 46–48 Walnut St features two commercial units on the first floor, one currently used as a residential apartment (to be delivered vacant) and a bakery currently leased. At the buyer’s request, the seller can terminate the bakery lease, giving the option to assume the space or re-lease it. The second and third floors include 4 - 1 BR residential units with strong rental demand and short-term leases for flexibility. Prime location with excellent visibility near shopping, dining, and major routes. Neighboring commercial property is also on the market, creating a unique chance to expand and enhance future value.

Listing Agent

Helena Araujo

eXp Realty Listed on: 10/10/2025

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,391

Year Built

  • Built in 1930

Lot Details

  • 6,839 Sq Ft Lot
  • Level Lot

Home Design

  • Brick Exterior Construction
  • Frame Construction
  • Shingle Roof
  • Rubber Roof

Interior Spaces

  • 10,231 Sq Ft Home
  • Living Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Full Bathrooms

Utilities

  • 220 Volts

Community Details

  • 5 Units
  • Property has 1 Level

Listing and Financial Details

  • Assessor Parcel Number M:0085 B:0028

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,391

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5+ Family - 5+ Units Up/Down
  • Year Built: 1930
  • Levels: 5
  • Year Built Details: Actual
  • APOD AVAILABLE: No
  • Special Features: None
  • Stories: 5

Interior Features

  • Interior Amenities: Living Room, Kitchen
  • Fireplace YN: No
  • Total Bedrooms: 5
  • Full Bathrooms: 5
  • Total Bathrooms: 5
  • Above Grade Finished Sq Ft: 10231
  • Living Area: 10231
  • Spa YN: No
  • Stories Total: 5
  • MAIN LO: AC0342

Exterior Features

  • Construction Materials: Frame, Brick
  • Foundation Details: Other
  • Home Warranty YN: No
  • Road Frontage Type: Public
  • Roof: Shingle, Rubber
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No

Utilities

  • Sewer: Public Sewer
  • Electric: 220 Volts
  • Water Source: Public
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Senior Community YN: No

Lot Info

  • Parcel Number: M:0085 B:0028
  • Zoning: GBD
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.16
  • Lot Size Sq Ft: 6839
  • Lot Size Units: Acres

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 15390.98

Multi Family

  • Number Of Units Total: 5
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 4: 1
  • LEVELS 3: 1
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 3: 2

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 -- $809,200 $285,100 $524,100
2024 -- $727,500 $259,200 $468,300
2023 $0 $591,300 $216,000 $375,300
2022 $0 $507,400 $176,900 $330,500
2021 $0 $509,300 $176,900 $332,400
2020 $0 $497,100 $176,900 $320,200
2019 $0 $484,500 $176,900 $307,600
2018 $0 $462,900 $168,500 $294,400
2017 $0 $462,900 $168,500 $294,400
2016 -- $437,200 $168,500 $268,700
2015 -- $405,800 $168,500 $237,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/13/2025 11/13/25 Price Changed $2,900,000 -22.7% $283 / Sq Ft
10/10/2025 10/10/25 For Sale $3,750,000 -- $367 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- None Available
Deed -- --
Source: Public Records

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73442456

MLS Property Information Network (MLS PIN)

APN: PEAB-000085-000000-000028