Active
177 Days on market
46-48 Walnut St Peabody — Photo 1 of 25

46-48 Walnut St Peabody — Photo 1 of 25

$2,750,000

46-48 Walnut St, Peabody, MA 01960

Peabody, MA 01960

Beds

5

Baths

5

SqFt

10,231

Style

5+ Family - 5+ Units Up/Down

Built

1930

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.

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$269/sqft
Local Avg (Peabody)$374/sqft
28% BelowMarket Average

* Analysis is based on 23 actively listed and recently sold comparable properties strictly within Peabody, MA.

Property Details

Financials

Original Price$2,750,000
Annual Taxes$15,390.98

Parking

Garage0
Off-Street0

Interior Specifications

Total Rooms15
FireplacesNone
Flooring--
BasementNone

Climate & Utilities

Heating--
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame, Brick
RoofShingle, Rubber
FoundationOther
ZoningGBD

Property & Lot

Acres0.16
SqFt Lot6,839
Lot FeaturesLevel

Neighborhood

Public Transportation • Park • Medical Facility • Laundromat

Geography

Property History

Listed
$2,750,000

Mar 16, 2026

MLS® 73487396

Expired
$2,900,000

Mar 5, 2026

MLS® 73442456

Expired
$2,900,000

Mar 5, 2026

MLS® 73426593

Listed
$2,900,000

Oct 10, 2025

MLS® 73442456

Listed
$2,900,000

Sep 5, 2025

MLS® 73426593

Population

54,474

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$97K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

34.6%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Essex County

992 housing units permitted in the last 12 months (-15% vs the prior 12 months) — 515 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jun '26)

Listing Provided By

Listing Agent: Helena Araujo

Listing Office: CAP Select Realty

MLS® Number: 73487396

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