
46-48 Walnut St Peabody — Photo 1 of 25
$2,750,000
46-48 Walnut St, Peabody, MA 01960
Peabody, MA 01960
Beds
5
Baths
5
SqFt
10,231
Style
5+ Family - 5+ Units Up/Down
Built
1930
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 may be able to 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.
Market Value Analysis
* Analysis is based on 23 actively listed and recently sold comparable properties strictly within Peabody, MA.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Neighborhood
Public Transportation • Park • Medical Facility • Laundromat
Geography
Property History
$2,750,000
Mar 16, 2026
MLS® 73487396
$2,900,000
Mar 5, 2026
MLS® 73442456
$2,900,000
Mar 5, 2026
MLS® 73426593
$2,900,000
Oct 10, 2025
MLS® 73442456
$2,900,000
Sep 5, 2025
MLS® 73426593
Population
54,474
U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)
Median Household Income
$97K
U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)
Renter-Occupied Homes
34.6%
U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)
New Construction Permits — Essex County
1,060 housing units permitted in the last 12 months (-11% vs the prior 12 months) — 603 in 5+ unit buildings
U.S. Census Bureau, Building Permits Survey (through Jul '26)
Listing Agent: Helena Araujo
Listing Office: CAP Select Realty
MLS® Number: 73487396
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