$2,900,000

46-48 Walnut St, Peabody, MA 01960

  • 5 beds |
  • 5 baths |
  • 10,231 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1930
  • Property Lot Size Icon6,970sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $283/sqft
  • Property List Date Icon Listed 1 month ago

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.

Listing Status:
Active
Date Added:
October 10, 2025 at 05:00AM
Listing Office:
eXp Realty : 888-854-7493
Listing Agent:
Helena Araujo : 617-835-3400
MLS ID:
73442456
  • General: Living RoomKitchen
  • Fireplace: Fireplaces: 0
  • Roofing: ShingleRubber
  • General: FrameBrick5Other
  • Road/Access: Public
  • Originating MLS: MLS Property Information Network
  • County: Essex
  • Zoning: GBDM:0085 B:0028
  • Utilities: 220 Volts
  • Water: Public
  • Sewer: Public Sewer
  • Source: MLS Property Information Network
  • Exclusions: Excludes Any Fixtures And Equipment Owned By Bakery Tenants.

This listing courtesy of Helena Araujo, eXp Realty

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

T

Thomas Carroll Elementary School

60 Northend St, Peabody, MA, 01960

Grades KG-5

0.48 miles away

J

J. Henry Higgins Middle School

85 Perkins St, Peabody, MA, 01960

Grades 6-8

0.90 miles away

P

Peabody Veterans Memorial High School

485 Lowell St, Peabody, MA, 01960

Grades 9-12

2.86 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.