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.
Listed by Helena Araujo
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eXp Realty
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617-835-3400
Last updated October 15, 2025
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Source: MLSPin #73442456
Listing Facts
TypeMulti-family
NeighborhoodPeabody Town Center
Bedrooms5
Bathrooms5
Days on Prevu14
Taxes$15,390.98/year
Size6,840 sqft
Price per sqft$548
Amenities
Parking
Location
Mortgage Calculator
Listing History
10/10/2025
Listed by eXp Realty
$3,750,000
Property Details for 46-48 Walnut St
Exterior
Construction
Number Of Units Total: 5
Roof: Shingle, Rubber
Stories: 5
Stories Total: 5
Year Built: 1930
Year Built Details: Actual
Construction Materials: Frame, Brick
Features
Road Frontage Type: Public
Measurements
Building Area Total: 6,840
Building Area Units: Square Feet
Lot Features: Level
Lot Size Acres: 0.16
Lot Size Area: 0
Lot Size Square Feet: 6,839
Lot Size Units: Acres
Financial
Taxes
Parcel Number: M:0085 B:0028
Tax Annual Amount: $15,390.98
Tax Assessed Value: $809,200.00
Tax Year: 2025
Interior
Features
Interior Features: Living Room, Kitchen
Measurements
Living Area: 6,840
Living Area Source: Public Record
Rooms
Bathrooms Full: 5
Bathrooms Total Integer: 5
Bedrooms Total: 5
Rooms Total: 15
Other
General
Exclusions: Excludes Any Fixtures And Equipment Owned By Bakery Tenants.
Utilities
Equipment
Electric: 220 Volts
Sewer: Public Sewer
Water Source: Public
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