111 Main St, Peabody MA 01960 – 27 bed 21 bath For Sale – 73316838
Overview
- Updated On:
- March 13, 2025
-
- 73316838
- 27 Bedrooms
- 21 Bathrooms
- 0 Garage Spaces
- 12 Non-Garage Parking Spaces
- 2000
Description
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
This property is listed by John Pentore from Horvath & Tremblay
Property Listing Details
Overview
| MLS Status | Pending |
|---|---|
| Price | $ 4,300,000 |
| Living Area | 10,152.00 ft2 |
| Bedrooms | 27 |
| Total Rooms | 51 |
|---|---|
| Listing MLS ID | 73316838 |
| Days on Market | 13 |
| Bathrooms | 21 |
Unit Information
| Bedrooms | 27 |
|---|---|
| Full Bathrooms | 21 |
| Half Bathrooms | 0 |
| Cooling | |
| Heating | |
| Uncovered Parking | 12 |
| Garage Parking | 0 |
| Water View | |
| Unit Level |
| Common Walls | |
|---|---|
| Laundry Features | |
| Lead Paint | Certified Treated |
| Outdoor Space Available | |
| Living Area Includes Basement | Unfinished |
| Patio And Porch Features | |
| Parking Features | Paved Drive,Off Street |
| Waterview Features | |
| Flooring |
Building Information
| Building Name | |
|---|---|
| Units in Building | 21 |
| Pets Allowed | |
| Association Amenities | |
| Pool Features | |
| Waterfront Features | |
| Association Fee Includes | |
| Construction Materials |
| Year Built | 2000 |
|---|---|
| Security Features | |
| Sewer | Public Sewer |
| Spa Features | |
| Structure Type | |
| Water Source | Public |
| Basement | Unfinished |
| Roof | Shingle |
Additional Details
| Community Features | Public Transportation,Shopping,Park,Walk/Jog Trails,Golf,Medical Facility,Laundromat,Bike Path,Highway Access,House of Worship,Private School,Public School,T-Station |
|---|---|
| Disclosures | Total Monthly Rent is $33,891. The maximum total monthly rent allowed by MLS is $32,767 |
| Last Updated | 2025-03-13T12:51:00.000Z |
| Building Area Source | Public Records |
| MLS PIN Page | |
| Parcel Number | 2105857 |
| Original List Price | 4300000 |
| Listing Office | horvath & tremblay |
| Tax Annual Amount | 26983 |
|---|---|
| Tax Assessed Value | 2958700 |
| Tax Book Number | 34391 |
| Tax Year | 2024 |
| Year Built Details | Actual |
| Year Built Source | Public Records |
| Zoning | BC |
| Listing Agent | john pentore |
Amenities and Features
Payment Calculator
- Principal and Interest
- Property Tax
- HOA fee
Map
What's Nearby
Contact Me
Similar Listings
9 Shamrock St, Peabody MA 01960 – 6 be...
15 Margin Street, Peabody MA 01960 – 3...
39 Dustin Street, Peabody MA 01960 – 4...
111 Main St, Peabody MA 01960 | © 2024 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS ARE DEEMED RELIABLE, BUT SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. THE NUMBER OF BEDROOMS LISTED ABOVE IS NOT A LEGAL CONCLUSION. EACH PERSON SHOULD CONSULT WITH HIS/HER OWN ATTORNEY, ARCHITECT OR ZONING EXPERT TO MAKE A DETERMINATION AS TO THE NUMBER OF ROOMS IN THE UNIT THAT MAY BE LEGALLY USED AS A BEDROOM. EQUAL HOUSING OPPORTUNITY.
111 Main St, Peabody MA 01960 – 27 bed 21 bath For Sale – 73316838
$ 4,300,000
Status: Pending
111 Main St, Peabody MA 01960, Peabody, , Essex 01960
Country: United States
Property Overview
MLS #: 73316838
Type: 5+ Family - 5+ Units Side by Side /
Action: Residential Income
Year Built: 2000 (Actual, Source: Public Records, Effective: )
Living Area: 10,152.00 ft2 (Total: 10152 Square Feet, Source: Public Records)
Lot Size: 0.30 ft2 (Area: 0.3 Acres, SqFt: 13068)
Total Rooms: 51
Condition:
Availability:
Building Name:
Interior Features
Bedrooms: 27 (Main Level: )
Bathrooms: Total: 21 (Full: 21, Half: 0, Decimal: 21, Main Level: )
Basement: Unfinished
Fireplaces: 0 ()
Flooring:
Laundry:
Window Features:
Door Features:
Accessibility:
Entry: Level , Location:
Other Equipment:
Construction & Design
Style:
Materials:
Foundation: Other (Area: )
Roof: Shingle
Stories: 3 (3)
Common Walls:
Body Type:
Utilities & Green Features
Heating:
Cooling:
Water Source: Public
Sewer: Public Sewer ()
Utilities:
Electric: Individually Metered (Expense: )
Gas:
Energy Certificate:
Green Energy Efficient:
Green Energy Generation:
Green Indoor Air Quality:
Green Water Conservation:
Insulation:
Exterior & Lot Features
Garage Spaces: 0
Covered Spaces: 0
Parking Total: 12
Parking Features: Paved Drive,Off Street
Pool:
Spa:
Patio/Porch:
Fencing:
Lot Features:
View: (, Waterview Y/N: )
Waterfront:
Road Frontage: Public ()
Road Surface:
Road Responsibility:
Other Structures:
Horse Amenities:
Wooded Area:
Pasture Area:
Cultivated Area:
Additional Parcels: (Number: )
Outdoor Space:
Community & Association
Community Features: Public Transportation,Shopping,Park,Walk/Jog Trails,Golf,Medical Facility,Laundromat,Bike Path,Highway Access,House of Worship,Private School,Public School,T-Station
Association Fee: ()
Fee Includes:
Association Amenities:
Pets Allowed:
Schools: E: , M: , H:
Zoning: BC ()
MLS Area: Major: , Minor:
Management:
Optional Fee: (Includes: )
Property Description
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
Room Details
Living Room (): x ( sqft) - Features:
Dining Room (): x ( sqft) - Features:
Kitchen (): x ( sqft) - Features:
Master Bedroom (): x ( sqft) - Features:
Master Bathroom: Features:
Laundry Dimensions:
Multi-Unit Information (if applicable)
Total Units: 21
Units Owner Occupied:
Unit 1: Beds: 3, Full Baths: 1, Half Baths: 0, Levels: 1, Rent: 2950, Lease: N
Unit 2: Beds: 3, Full Baths: 1, Half Baths: 0, Levels: 1, Rent: 2411, Lease: N
Unit 3: Beds: , Full Baths: , Half Baths: , Levels: , Rent: , Lease:
Unit 4: Beds: , Full Baths: , Half Baths: , Levels: , Rent: , Lease:
Complex Complete:
Unit Building:
Financial & Lease Information
Tax Annual Amount: 26983 (Year: 2024)
Tax Assessed Value: 2958700
Tax Block/Lot/Book/Map: / / 34391 /
Parcel Number: 2105857
Special Licenses:
Current Financing:
Gross Income: 406692 (Scheduled: )
Net Operating Income: 292980
Operating Expense: 113712 (Water/Sewer: , Insurance: )
Financial Data Source:
APOD Available: Yes
Tenant Pays:
Rent Includes: Unit 1(Water),Unit 2(Water)
Total Actual Rent: 32767
Lease Term: (Existing Type: )
Deposit Required: (Security: , First Month: , Last Month: )
Insurance Required:
References Required:
Listing & Agent Information
Listing Agent: John Pentore (MLS ID: CN212669) / Team: CN227795,CN212669
Listing Office: Horvath & Tremblay (MLS ID: AN2723)
Agent (Property): 57
Buyer Agent MLS ID:
Buyer Office MLS ID:
Listing Agreement: Exclusive Right To Sell
Listing Contract Date: 2024-12-03
Expiration Date: 1900-01-01
Original List Price: 4300000
Price Per SqFt (List): 423.56
Market Time (Property): 13 (Broker: 13, Prev Broker: 0, Prev Property: 0)
MLS Status: Under Agreement
Possession:
Directions: Please Use GPS
Disclosures: Total Monthly Rent is $33,891. The maximum total monthly rent allowed by MLS is $32,767, N
Lead Paint: Certified Treated
Title 5:
Exclusions:
Contingency:
Special Listing Conditions:
Lender Owned:
Short Sale Lender Approval Required:
Home Warranty Y/N:
Documents Available: (Count: )
Showings Deferral Date:
Open House Flag:
Listing Alert: No
Square Feet Disclosures: (Incl. Base: No, Other: )
Master Book/Page: / (Page: 65)
Sale Information (if applicable)
Close Date:
Close Price:
Price Per SqFt (Sold):
Anticipated Sold Date: 2025-06-11T04:00:00.000Z
Concessions Amount:
Purchase Contract Date: 2024-12-16
Sold vs Rent:
System Information
Property ID: 1877133
Modification Timestamp: 2025-03-13T12:51:00.000Z
Bridge Modification Timestamp: 2025-03-13T12:54:12.365Z
Original Entry Timestamp: 2024-12-03T14:55:00.000Z
Status Change Timestamp: 2024-12-16T15:59:00.000Z
Off Market Date: 2024-12-16
Development Status:
Business Type:
