**Loads of potential in this well-located two-family property near Peabody Square!** Whether you're looking for an investment opportunity or a property you can make your own, this home offers plenty of possibilities. One apartment is currently rented, providing immediate rental income, while the second and third floors offer an excellent opportunity for an owner-user to completely renovate and create one spacious, beautiful apartment. Imagine designing the upper levels to your own specifications with an open layout, modern finishes, and all the amenities you've been looking for. The property also features a large backyard area currently utilized as a driveway, providing ample off-street parking—a valuable feature in this convenient location. Situated close to Peabody Square, with easy access to local shops, restaurants, services, and transportation. A great opportunity for an investor, owner-occupant, or buyer looking to build equity through renovation. Bring your vision and unlock the potential of this versatile two-family property! First floor apartment can only be seen during open houses Friday 8/21 10am to Noon, Saturday 8/22 11:30am to 1pm and Sunday 8/23 1 to 2:30pm.
A rare opportunity for contractors, investors, or buyers looking to own a piece of Peabody history. The Rufus Brown House is a distinctive historic multi-family property that has been cherished by the same family for generations and is conveniently located close to downtown. Set on approximately 0.42 acres (26,180 square feet) and located in an R-4 zoning district, the property offers a unique combination of historic character, land, parking, and potential. The property is currently configured as two residential units and features a four-car garage along with abundant off-street parking. The substantial lot and R-4 zoning may provide opportunities to explore renovation, expansion, additional residential use, or other permitted improvements, subject to applicable zoning requirements, building and fire codes, historic considerations, and all required municipal approvals. Buyers are encouraged to conduct their own due diligence with the City of Peabody and appropriate professionals regarding any future use, alteration, expansion, or redevelopment. The home itself is filled with remarkable period details, including a classic brick sidewalk, dentil molding, large 6-over-6 windows, four marble fireplaces, Austrian crystal chandeliers, sconces, and beautiful original moldings. Curved doors and impressive 11-foot ceilings further showcase the craftsmanship and architectural character of this distinctive property. Adding to its versatility, the property was formerly used as a dentist's office, reflecting its history of accommodating professional use. The existing property, generous land area, parking, garage, and multifamily zoning make this an intriguing opportunity for a contractor, investor, owner-occupant, or buyer interested in restoring and preserving a piece of Peabody history. Special Showing Instructions: SHOWINGS BY APPOINTMENT ONLY
Stately turn-key two-family home set on beautiful grounds with a partially fenced backyard. Recent exterior updates include new front and rear porches 2025, new roof on main building 2026 and refurbished 1st floor kitchen 2026. The first-floor unit offers five rooms, including two spacious bedrooms, eat-in kitchen with white cabinetry, granite countertops, modern appliances, and attractive wood-look laminate flooring. The dining room showcases a charming built-in china cabinet, while hardwood floors run throughout the remaining living areas. Additional features include a full bathroom, convenient laundry hookups off the kitchen, fresh interior paint, and move-in-ready condition.?The second-floor unit spans two levels and offers eight rooms with five bedrooms, providing plenty of living space. The main level features an eat-in kitchen with a skylight, new wood-like laminate flooring, a separate laundry room, dining room with a built-in china cabinet, and an open-concept living room complete with a cozy cast-iron stove. A full bathroom completes this level. The upper level includes three additional bedrooms, a half bath, a hallway ceiling fan, wood-look laminate flooring in one bedroom, and carpeting in the other two bedrooms. The heating system burner was replaced in 2014.?Conveniently located near downtown Peabody, major highways, shopping, restaurants, and local amenities, this well-maintained property is an excellent opportunity for owner-occupants or investors alike.
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.
Don't miss this exceptional opportunity to own a beautifully remodeled two-family home in a quiet safe neighborhood. Whether your looking for a strong investment property or an owner-occupied home with rental income, this property is move-in ready with many valuable upgrades. Unit 1 has two large bedrooms and a full bath that was fully remodeled(2024). It offers a spacious living area that opens onto a private deck. Unit 2 is a two story townhouse style that has 3 bedrooms and 2 full baths. First floor offers open concept kitchen/living/dining room that also opens up to a large private deck overlooking a flat fenced in backyard. Master bedroom has cathedral ceilings with a fully tiled bath and a walk-in closet. Upgrades include new gas fed forced hot air heating units (2021), 2 new hot water heaters (2022), 2 new driveways (2023), new commercial grade gutters (2023) Located close to parks, schools. downtown, and all major highways.
A rare opportunity to acquire a versatile 6 unit mixed use property (4 Res/2 com) just south of Peabody Sq.This property is a diamond in the rough with untapped income potential and is a blank canvas for investors. Featuring: 4 residential (4 Rm, 2 BR, 1 BA each) and approx.1515 sf of highly visible commercial storefront space with excellent foot & vehicle traffic, street parking and great exposure (commercial is being used as 2 separate retail spaces). It's strategic location is situated in a very walk-able mixed use neighborhood district, boasting a walkscore of 86 out of 100. It is steps to public transportation, a wide array of local businesses, restaurants, shopping, entertainment, bars, parks, schools and more. Only minutes to Main/Lowell/Boston/Lynnfield streets, highway access-I95/128, Rte 1. Rents are below market value.
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.
Peabody is located in Massachusetts. Peabody, Massachusetts has a population of 54,200. Peabody is less family-centric than the surrounding county with 27.53% of the households containing married families with children. The county average for households married with children is 30.06%.
The median household income in Peabody, Massachusetts is $83,570. The median household income for the surrounding county is $86,684 compared to the national median of $69,021. The median age of people living in Peabody is 46.5 years.
The average high temperature in July is 81.3 degrees, with an average low temperature in January of 17.8 degrees. The average rainfall is approximately 47.8 inches per year, with 41.8 inches of snow per year.
