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You are here:
Home Massachusetts Peabody Multi-Family Homes for Sale

46-48 Walnut St Peabody, MA 01960

56 Days on Boston Pads
Price Reduced $850,000
25 Photos
$2,900,000
5 Unit
5 Beds
5 Baths
10231 SQFT
0.16 Acre
46-48 Walnut St
Peabody, MA 01960

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.

Property Overview

Building Information

  • Total Units: 5
  • Total Floors: 5
  • Total Bedrooms: 5
  • Total Full Baths: 5
  • Common Rooms: Kitchen, Living Room

Financial

  • APOD Available: No

Utilities

  • Electric Info: 220 Volts, At Street
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Floors: 2
  • Levels: 1

Unit 4 Description

  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1930
  • Type: 5+ Family - 5+ Units Up/Down
  • Construction Type: Aluminum, Brick, Frame
  • Foundation Info: Other (See Remarks)
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles, Rubber
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73442456
  • Last Updated: 11/17/25

Date Event Price Price/Sq Ft Source
11/17/2025Active$2,900,000$283MLSPIN
11/17/2025Active$2,900,000$283MLSPIN
11/13/2025Price Change$2,900,000$283MLSPIN
11/13/2025Price Change$2,900,000$283MLSPIN
10/14/2025Active$3,750,000$367MLSPIN
10/10/2025New$3,750,000$367MLSPIN
09/09/2025Active$3,750,000$367MLSPIN
09/05/2025New$3,750,000$367MLSPIN

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View Breakdown

Map & Resources

Wallis School

School

0.32mi

St. John the Baptist Elementary School

Private School, Grades: PK-8

0.35mi

St John the Baptist Elem

Private School, Grades: PK-8

0.37mi

Saint John the Baptist Elementary School

Grades: 1-6

0.37mi

Seeglitz Junior High School

Grades: 7-9

0.38mi

Breaking Grounds

Coffee Shop & Sandwich & Pastry (Cafe)

0.16mi

McDonald's

Burger (Fast Food)

0.26mi

The NexMex Thing

Mexican Restaurant

0.17mi

Kismet Kafe

Brunch Restaurant

0.27mi

Peabody Fire Department

Fire Station

0.28mi

Peabody Fire Department

Fire Station

0.36mi

Buckley Field

Municipal Park

0.29mi

Connelly Park

Municipal Park

0.36mi

Peabody Institute Library

Library

0.11mi

Gomes Travel

Travel Agency

0.14mi

Metro Credit Union

Bank

0.14mi

North Shore Bank

Bank

0.16mi

Century Bank

Bank

0.17mi

TD Bank

Bank

0.18mi

Exclusive Hair Design

Hairdresser

0.14mi

Royale Salon

Hairdresser

0.14mi

Walgreens

Pharmacy

0.17mi

CVS Pharmacy

Pharmacy

0.27mi

Stop & Shop

Supermarket

0.36mi

Washington St @ Main St

435

0.19mi

Central St @ Bus shelter

435

0.19mi

Central St @ Walnut St

435

0.21mi

Washington St @ Main St

435

0.23mi

Central St @ Community Life Center

435

0.39mi

Washington St @ Aborn St

435

0.4mi

86 Central St

435

0.4mi

Washington St @ Lincoln Pl

435

0.41mi

Seller's Representative: Helena Araujo, eXp Realty
MLS ID#: 73442456

© 2025 MLS Property Information Network, Inc.. All rights reserved.

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. 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. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2025-11-17 03:05:00