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111 Main St

Peabody, MA 01960
$4,000,000
27 Beds
21 Baths
10,152 Living Area
  • Property Description
    111 Main Street consists of two desirable, three-story buildings and contains a total of twenty-one residential units comprised of a three family property (front building) consisting of three 3-Bedroom/1 Bathroom units, and an 18-unit building (rear building) with eighteen Studio units. The well-maintained Property has received significant capital investment improvements since acquisition, including a new parking lot, renovated common areas, exterior updates (painting, siding, shutters), new mechanicals (both buildings), and renovations to most of the unit interiors. The front building is separately metered for electricity, heat and hot water, which the Tenants pay directly. The rear building is separately metered for electricity and the landlord is responsible for common area electric, heat and hot water. 111 Main Street offers the opportunity to acquire a well-maintained, fully leased, turnkey investment and is ideal for a potential buyer looking for income growth and strong returns
  • Highlights
    • Levels: 3
    • Property Class: Residential Income
    • Stories: 3
    • Year Built: 2000
    • Parking Spots: 12
    • Property Type: 5+ Family - 5+ Units Side by Side
    • Total Rooms: 51
    • Status: Closed
  • Additional Details
    • Basement: Unfinished
    • Road Frontage Type: Public
    • SqFt Source: Public Record
    • Year Built Details: Actual
    • Zoning: Bc
    • Foundation: Other
    • Roof: Shingle
    • Total Number of Units: 21
    • Year Built Source: Public Records
  • Amenities
    • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Private School, Public School, T-Station
    • Parking Features: Paved Drive, Off Street
  • Utilities
    • Electric: Individually Metered
    • Water Source: Public
    • Sewer: Public Sewer
  • Fees / Taxes
    • Assessed Value: $2,958,700
    • Compensation Based On: Net Sale Price
    • Tax Year: 2024
    • Total Rent: $32,767
    • Buyer Agent Compensation: 2%
    • Rental Fee Includes: Unit 1(Water), Unit 2(Water)
    • Taxes: $26,983

Location

111 Main St, Peabody, MA 01960

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Content © 2026 MLS Property Information Network, Inc. The information in this listing was gathered from third party resources including the seller and public records. Listing information provided courtesy of Horvath & Tremblay. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
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