46-48 Walnut St

$2,900,000
Price
5
Beds
10,231 Sq. Ft.
$283 / Sq. Ft.
10,231
Sq. Ft.
$283
per Sq. Ft.

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...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.

Property Details for 46-48 Walnut Street

Town
Peabody
Area
MA-Peabody
Garage Spaces
0
Parking Spaces
.00
LISTING UPDATED: 11/17/2025 03:08 AM

Property Details for 46-48 Walnut Street

StatusActive
MLS #73442456
Days on Market55
Taxes$15,391 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 5+ Family - 5+ Units Up/Down
Year Built1930
CountyEssex County

Location

Listing Courtesy of eXp Realty, Helena Araujo
Add your commute

Building Information for 46-48 Walnut Street

Stories5Residences5Year Built1930Building Size-Lot Size0.16 AC / 6,839 SF

Payment Calculator

$15,613 per month

30 year fixed, 6.28% Interest

Principal and Interest

$14,330

Property Taxes

$1,283

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 46-48 Walnut Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Living Area: 10231.0
  • SqFt with Basement: No
  • Total Units: 5
  • Waterfront: No
  • Water View: No
  • Year Built Details: Actual
  • Year Built Source: Public Records
Features
Interior Features
  • Num of Baths: 5.0
  • Num of Full Baths: 5
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 5.00
  • Bathrooms Total Integer: 5
  • FireplaceYN: No
  • Fireplaces: 0
  • Interior Features: Living Room, Kitchen
  • SpaYN: No
Exterior Features
  • Construction: Frame, Brick
  • Lot Description: Level
  • Roof Material: Shingle, Rubber
Parking Features
  • Covered Spaces: .00
  • Garage: No
Utilities
  • Electric: 220 Volts
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Disclosures: Subject to right of way and easements for light and air as noted in the deed. Floor plan shown in photos depicts only the first-floor unit,not the bakery or the other four residential apartments. Listing agent is related to seller.
Tax Information
  • Tax ID: M:0085 B:0028
  • Assessments: $809,200
  • Book: 41404
  • Tax Year: 2025
  • Zoning: GBD
Building / Association Information
Living Characteristics
  • Beds Total: 5
  • Total Living Levels: 5
Other Building Characteristics
  • Foundation: Other
  • Levels: 5
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: N
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 2
  • Lease U2: N
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 2
  • Levels U3: 1
Unit 4 Description
  • Floor U4: 3
  • Levels U4: 1
Rental Info
Rental Info
  • Total Actual Rent: $.00

Property History for 46-48 Walnut Street

DateEvent & SourcePriceAppreciation
Nov 13, 2025

Price Change

MLS PIN #73442456

$2,900,000
Oct 10, 2025

Listed (Active)

MLS PIN #73442456

$3,750,000
DateEvent & SourcePrice
11/13/2025

Price Change

MLS PIN #73442456

$2,900,000
10/10/2025

Listed (Active)

MLS PIN #73442456

$3,750,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 46-48 Walnut Street

This home is within Peabody School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - PK to 3
Rating
School
Distance
Thomas Carroll Elementary School
PublicK to 5

J Henry Higgins Middle School
Public6 to 8

Peabody Veterans Memorial High School
Public9 to 12

William A Welch Elementary School
PublicPK to 3

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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46-48 Walnut Street is a multi-family home for sale in Peabody, MA 01960. This property was listed for sale on October 10, 2025 by eXp Realty, it's currently listed at $2,900,000. This listing's school district is Peabody School District. Nearby schools include Thomas Carroll Elementary School, J Henry Higgins Middle School and Peabody Veterans Memorial High School. 46-48 Walnut Street is a 5-bed, 5-bath, 10,231 sqft multi-family home built in 1930.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of eXp Realty, Helena Araujo

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, 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., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.