46-48 Walnut St Active Save Request In-Person Tour Request Virtual Tour
Peabody,MA 01960
Key Details
Property Type Multi-Family
Sub Type 5+ Family - 5+ Units Up/Down
Listing Status Active
Purchase Type For Sale
Square Footage 6,840 sqft
Price per Sqft $548
MLS Listing ID 73442456
Bedrooms 5
Full Baths 5
Year Built 1930
Annual Tax Amount $15,390
Tax Year 2025
Lot Size 6,969 Sqft
Property Sub-Type 5+ Family - 5+ Units Up/Down
Property Description
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.
Location
State MA
County Essex
Zoning GBD
Exterior
Roof Type Shingle,Rubber
Building
Lot Description Level
Story 5
Foundation Other
Sewer Public Sewer
Water Public