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11 Park St

Peabody, MA 01960

5 beds
5 baths
2,516 sqft
4,308 sqft lot
$437 per sqft
1900 build
– on site

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Presenting an exceptional investment opportunity in the heart of downtown Peabody: a fully occupied building featuring five one-bedroom apartments, each equipped with its own dedicated parking space. This prime location offers unparalleled convenience, with tenants benefiting from close proximity to bus lines, major commuter routes, and the train station, ensuring easy and efficient travel options. The rental package includes heat and hot water, streamlining the billing process and significantly boosting tenant satisfaction. This well-maintained property is poised to provide a steady income stream and long-term appreciation potential for discerning investors. This is a value-added opportunity as rents are below market with utilities included. Buyers should perform due diligence in all matters when considering a possible acquisition.

Listing courtesy of MLSPIN / Vivien Marcus / Keller Williams Realty

Last checked: Checking… • Last updated Oct 16, 2024 •

MLS# 73244976 —

The Building

Year Built:

1900
Year Built Details:

Approximate
Year Built Source:

Public Records
Construction Materials:

Frame
Roof:

Shingle
Basement:

Partial
Foundation Details:

Concrete Perimeter
Window Features:

Insulated Windows
Patio And Porch Features:

Deck - Wood
Stories Total:

2
# of Units Total:

5
Building Area Total:

2516
Building Area Units:

Square Feet
Building Area Source:

Public Records

Interior

Rooms Total:

15
Flooring:

Varies
Fireplace:

true
Fireplaces Total:

2

Room Dimensions

Living Area:

2516

Location

Directions:

Yankee Division Hwy, exit SE to Lowell St. Take Lowell to Foster, turn R. L on Spring, L on Park
Latitude:

42.523898
Longitude:

-70.92672

The Property

Parcel Number:

M:0085 B:0138,2105916
Property Type:

Residential Income
Property Subtype:

5-9 Family
Lot Features:

Corner Lot
Lot Size Units:

Acres
Lot Size Area:

0.1
Lot Size SqFt:

4308
Lot Size Acres:

0.1
Zoning:

BC
Water View:

No
Waterfront:

false
Farm Land Area Units:

Square Feet
Road Frontage Type:

Public

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Tax Annual Amount:

6081
Tax Assessed Value:

666800

Beds

Bedrooms Total:

5

Baths

Total Baths:

5
Total Baths:

5
Full Baths:

5

The Listing

Home Warranty:

false
Sub Agency Relationship Offered:

No

Utilities

Electric:

Circuit Breakers
Sewer:

Public Sewer
Water Source:

Public

The Community

Senior Community:

false
Community Features:

Public Transportation
Spa:

false

Parking

Garage:

false
Parking Total:

5
Parking Features:

Off Street
Open Parking:

true

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Max Internet Speed

Astound Broadband Powered by RCN

Provided by BroadbandNow®

Sale history

Date	Event	Source	Price	% Change
10/15/24 Oct 15, 2024	Sold	MLSPIN	$1,100,000	-12.0%
9/10/24 Sep 10, 2024	Pending	MLSPIN	$1,250,000
9/3/24 Sep 3, 2024	Sold Subject To Contingencies	MLSPIN	$1,250,000

Multifamily Sold on 10/15/2024

$1,100,000

Listing provided by broker:

Vivien Marcus

Keller Williams Realty

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Listing Courtesy of: MLSPIN and Keller Williams Realty.

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. (MLSPIN) from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc., Estately and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Users may not reproduce or redistribute the data found on this site. The data is for viewing purposes only. All information provided is deemed reliable but is not guaranteed by Estately or MLSPIN and should be independently verified.

11 Park St

Peabody, MA 01960