98 Main St, Peabody MA 01960
Peabody, MA 01960
$1,900,000
$1,799,000
Est. $10,954/month
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About this home
Rare standalone mixed-use opportunity in downtown Peabody. Currently operating as a successful café, the commercial space features a spacious dining area, service counter, bakery/café setup, and two restrooms. The lower level is fully equipped for food service operations with a walk-in refrigerator, walk-in freezer, prep kitchen, pastry room, office, bathroom, multiple storage rooms, and additional support space. Above the commercial space is a large residential unit offering 6 bedrooms, formerly configured as separate apartments, the residence was combined into one expansive unit. Well-positioned on Main Street with excellent visibility and ample off-street parking, this unique property is ideal for those seeking a mixed-use asset with both established commercial and residential components.
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Property History
Market Insights
1
Price Changes
5.3%
Price Range
Property Timeline
Price Reduced
Jul 30, 2026
$1,799,000
$101,000
(-5.32%)
From $1,900,000 to $1,799,000 (-5.3%)
Listed for Sale
Jul 23, 2026
$1,900,000
Original listing
Agent: The Pizzo Group
Office: Aluxety
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 07/30/2026 | ↓ Price Reduced | $1,799,000 | $101,000 | - | From $1,900,000 to $1,799,000 (-5.3%) |
| 07/23/2026 | 🏠 Listed for Sale | $1,900,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2026 | $19,883 | $1,054,800 |
Financial Details
Annual Property Tax
$19,883
Tax Year 2026
Assessed Value
$1,054,800
Facts & Features
Home Facts
Type
Residential Income
Style
Multi Family
Year Built
1830
Living Area
3,150 sq ft
Lot Size
0.17 acres
Stories
4
Bedrooms
6
Full Baths
1
Half Baths
4
Total Rooms
18
Investment Metrics
Units
2
Unit 1 Rent
$6,000/mo · N
Unit 2 Rent
$4,000/mo · N
Total Monthly Rent
$10,000/mo
Gross Income
$120,000
Net Operating Income
$120,000
Cap Rate
6.67%
Interior
Heating
None
Cooling
None
Flooring
Wood, Tile
Appliances
Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer
Fireplace
None
Fireplaces
2
Basement
Full, Finished, Interior Entry
Laundry
Electric Dryer Hookup, Washer Hookup
Features
Dining Room, Kitchen, Living Room, Laundry Room
Exterior
Construction
Frame
Architecture
None
Roof
Shingle
Features
Rain Gutters
Pool
None
Spa
None
Fencing
None
Patio/Porch
Porch, Deck - Roof
Parking
Features
Paved Drive, Off Street, Driveway, Paved
Total Spaces
13
Utilities
Electric
None
Water
Public
Sewer
Public Sewer
Gas
None
Other
For Electric Range, For Electric Oven, For Electric Dryer, Washer Hookup
Financial
Annual Tax
$19,883
Assessed Value
$1,054,800
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Lead Paint
Unknown
Seller Disclosures
None
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
House Color
Blue
Sq Ft Source
Public Record
Sq Ft Disclosures
Total building SF including commercial space is 7,728 SF (below and above grade included)
Documents
None
County
Essex
Total market time (incl. prior listings)
40 days
Property Overview
Property Type
Multi Family
Listing Type
For Sale
Year Built
1830
Bedrooms
6
Full Bathrooms
1
Half Bathrooms
4
Living Area
3,150 sq ft
Total Rooms
18
Stories
4
Levels
4
Floor Layout
Interactive room guide
Floor Layout
Finished Area
3,150 sq ft above grade
Display Options
Outdoor Areas
Patio & porchPorch, Deck - Roof
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:
Wood, Tile
Appliances:
Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer
Interior Features:
Dining Room, Kitchen, Living Room, Laundry Room
Windows:
Basement:
Full, Finished, Interior Entry
Laundry:
Electric Dryer Hookup, Washer Hookup
Security:
Construction & Materials
Year Built:
1830
Structure Type:
Exterior Materials:
Frame
Roof:
Shingle
Foundation:
Concrete Perimeter, Stone
Stories:
4
Heating, Cooling & Utilities
Heating:
Cooling:
Hot Water:
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Rain Gutters
Patio & Porch:
Porch, Deck - Roof
Fencing:
Other Structures:
Lot Features:
Cleared, Level
Road Frontage:
44.00 ft
Road Surface:
Paved
Parking & Garage
Total Parking Spaces:
13
Parking Features:
Paved Drive, Off Street, Driveway, Paved
Special Features
Fireplaces:
2
Fireplace Type:
Community Amenities:
Public Transportation, Shopping, Park, Golf, Medical Facility, Laundromat, Highway Access, House of Worship, Private School, Public School, Sidewalks
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
10 schools
Covenant Christian Academy
4.2 mi
Grades PK-12
The Recreational Education Center, LLC
4.2 mi
Grades PK-12
F
Peabody Personalized Remote Education Program (Peabody P.R.E.P.)
5.5 mi
|
#345 of 346
|
Score: 14.4
Improved 33 spots from last year
-43.8 below state avg
117 students
Diverse
Rising School
Diverse Student Body
Grades K-12
C
William A Welch Sr School
0.6 mi
|
#661 of 825
|
Score: 37.8
Improved 129 spots from last year
-20.4 below state avg
400 students
Diverse
Rising School
Grades K-05
C
Thomas Carroll School
0.6 mi
|
#605 of 825
|
Score: 40.6
Improved 134 spots from last year
-17.6 below state avg
562 students
Diverse
Rising School
Diverse Student Body
Grades PK-05
C-
Center School
1.1 mi
|
#687 of 825
|
Score: 36.5
Dropped 307 spots from last year
-21.7 below state avg
281 students
Diverse
Diverse Student Body
Grades PK-05
B+
South Memorial School
1.4 mi
|
#271 of 825
|
Score: 51.7
Improved 234 spots from last year
-6.5 below state avg
446 students
Moderate
Rising School
Grades PK-05
B-
Captain Samuel Brown School
1.8 mi
|
#493 of 825
|
Score: 44.9
Improved 28 spots from last year
-13.3 below state avg
375 students
Diverse
Rising School
Grades K-05
C
John E. McCarthy School
4.1 mi
|
#614 of 825
|
Score: 39.9
Dropped 36 spots from last year
-18.3 below state avg
323 students
Diverse
Diverse Student Body
Grades K-05
B+
West Memorial School
4.9 mi
|
#303 of 825
|
Score: 50.7
Improved 163 spots from last year
-7.5 below state avg
283 students
Moderate
Rising School
Grades PK-05
Middle Schools
1 school
C+
J. Henry Higgins Middle School
0.9 mi
|
#235 of 352
|
Score: 37.4
Improved 10 spots from last year
-20.8 below state avg
1,271 students
Diverse
Grades 06-08
High Schools
2 schools
Bishop Fenwick High School
1.1 mi
17 sports
• 1,390 athletes
Strong Athletics
Grades 09-12
C
Peabody Veterans Memorial High School
2.9 mi
|
#259 of 346
|
Score: 46.4
Same rank as last year
-11.8 below state avg
1,234 students
Diverse
19 sports
• 1,614 athletes
Career Tech Programs
Strong Athletics
Grades 09-12
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Monthly Payment Breakdown
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Property Tax
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Homeowners Insurance
$200
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Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
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Location
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Neighborhood
98 Main St, Peabody MA 01960
Peabody, MA 01960
Listing Information
Listing Agent
The Pizzo Group
Listing Office
Aluxety
Office Phone
800-806-3212
Agent MLS ID
TM319354
Office MLS ID
AN8387
Listing Data Updated
Sep 1, 2026 11:20 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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