46-48 Walnut St, Peabody MA 01960
Peabody, MA 01960
$2,750,000
Est. $15,388/month
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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 may be able to 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.
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Property History
Property Timeline
Listed for Sale
Mar 17, 2026
$2,750,000
Original listing
Agent: Helena Araujo
Office: eXp Realty
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 03/17/2026 | 🏠 Listed for Sale | $2,750,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $15,391 | $809,200 |
Financial Details
Annual Property Tax
$15,391
Tax Year 2025
Assessed Value
$809,200
Facts & Features
Home Facts
Type
Residential Income
Style
5+ Family - 5+ Units Up/Down
Year Built
1930
Living Area
10,231 sq ft
Lot Size
0.16 acres
Bedrooms
5
Full Baths
5
Total Rooms
15
Investment Metrics
Units
5
Unit 1 Rent
$1,500/mo · N
Unit 2 Rent
$1,500/mo · N
Unit 3 Rent
$1,500/mo
Unit 4 Rent
$1,200/mo
Total Monthly Rent
$5,700/mo
Gross Income
$68,400
Net Operating Income
$68,400
Cap Rate
2.49%
Interior
Heating
None
Cooling
None
Flooring
None
Appliances
None
Fireplace
None
Basement
None
Laundry
None
Features
Living Room, Kitchen
Exterior
Construction
Frame, Brick
Architecture
None
Roof
Shingle, Rubber
Parking
Features
None
Utilities
Electric
220 Volts
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$15,391
Assessed Value
$809,200
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Seller Disclosures
Subject To Right Of Way And Easements For Light And Air As Noted In The Deed. Floor Plan Shown In Photos Depicts Only The First-floor Unit, Not The Bakery Or The Other Four Residential Apartments. Listing Agent Is Related To Seller.
Exclusions
Excludes Any Fixtures And Equipment Owned By Bakery Tenants.
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Sq Ft Source
Public Record
Sq Ft Disclosures
Measurements are approximate. Buyer and agent to perform due diligence.
Documents
None
County
Essex
Total market time (incl. prior listings)
151 days
Property Overview
Property Type
5+ Family - 5+ Units Up/Down
Listing Type
For Sale
Year Built
1930
Bedrooms
5
Full Bathrooms
5
Living Area
10,231 sq ft
Total Rooms
15
Stories
5
Levels
5
Floor Layout
Interactive room guide
Floor Layout
Finished Area
10,231 sq ft above grade
Display Options
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Appliances:
Interior Features:
Living Room, Kitchen
Windows:
Basement:
Laundry:
Security:
Construction & Materials
Year Built:
1930
Structure Type:
Exterior Materials:
Frame, Brick
Roof:
Shingle, Rubber
Foundation:
Other
Stories:
5
Heating, Cooling & Utilities
Heating:
Cooling:
Hot Water:
Natural Gas
Water Source:
Public
Sewer:
Public Sewer
Parking & Garage
Parking Features:
Nearby Schools
School District
Peabody School District local
C
School Safety
2024-25
2.1%
Average
1.9%
Suspensions
1.7%
In-School
0.2%
Emergency
3.4% below state avg
Elementary Schools
3 schools
C
Thomas Carroll School
0.5 mi
|
#611 of 824
|
Score: 40.2
Improved 128 spots from last year
-18 below state avg
645 students
Diverse
Rising School
Diverse Student Body
Grades PK-05
C-
William A Welch Sr School
0.7 mi
|
#666 of 824
|
Score: 37.6
Improved 124 spots from last year
-20.7 below state avg
408 students
Diverse
Rising School
Grades K-05
B
Witchcraft Heights School
0.7 mi
|
#388 of 824
|
Score: 48.1
Improved 162 spots from last year
-10.1 below state avg
455 students
Diverse
Rising School
Diverse Student Body
Grades K-05
Middle Schools
3 schools
C+
J. Henry Higgins Middle School
0.9 mi
|
#240 of 352
|
Score: 37.2
Improved 5 spots from last year
-21 below state avg
1,320 students
Diverse
Grades 06-08
C+
Collins Middle School
1.3 mi
|
#219 of 352
|
Score: 39.5
Improved 60 spots from last year
-18.7 below state avg
611 students
Diverse
Rising School
Diverse Student Body
Grades 06-08
B-
Holten Richmond Middle School
2.8 mi
|
#183 of 352
|
Score: 42.0
Dropped 12 spots from last year
-16.2 below state avg
745 students
Moderate
Grades 06-08
High Schools
3 schools
Bishop Fenwick High School
0.9 mi
17 sports
• 1,390 athletes
Strong Athletics
Grades 09-12
B
Salem High School
1.6 mi
|
#144 of 346
|
Score: 56.1
Dropped 24 spots from last year
-2.1 below state avg
952 students
Diverse
18 sports
• 1,080 athletes
Early College Program
Career Tech Programs
College Ready Curriculum
Strong Athletics
Grades 09-12
B+
Salem Academy Charter School
2.0 mi
|
#139 of 346
|
Score: 56.7
Improved 97 spots from last year
-1.5 below state avg
480 students
Diverse
10 sports
• 568 athletes
High Graduation Rate
Rising School
College Ready Curriculum
Grades 06-12
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Including down payment
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Down: $0
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Monthly Payment Breakdown
Principal & Interest
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Property Tax
$1,283
Homeowners Insurance
$200
PMI (if <20% down)
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Loan Summary
Total of 360 payments
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Rate Impact
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Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.
Location
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Neighborhood
46-48 Walnut St, Peabody MA 01960
Peabody, MA 01960
Listing Information
Listing Agent
Helena Araujo
Listing Office
eXp Realty LLC
Office Phone
888-854-7493
Agent MLS ID
BB807695
Office MLS ID
AN6820
Listing Data Updated
Mar 20, 2026 3:05 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
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