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Back on Market due to appraisal error: This is a three unit prop. not four. This property A truly one of a kind property with potentials to subdivide or expand. This property features a rare lot size of a whopping 23,292 SqFt. conveniently located in the downtown area making it an ideal location for discerning investors and developers. The first unit has 4 bds and 2 baths. Previously an owner’s unit; it features gleaming hardwood floors through out, stainless steel appliances, granite countertops, and a ductless Mini-Split System. The units on the left side of the building, one has one bedroom and the unit on the second floor has two bedrooms, all with large closet spaces. The lower level is partially finished with exterior entry. Current TAW tenants with lower rents offer flexibility for new management strategies. Tenant Appeal: Close to local attractions, public transportation, and major highways, appealing to long-term residents. Newer roof, utilities at the property are sub-metered
Current real estate data for Multi Family in Peabody as of Oct 07, 2025
5
Multi Family Listed
53
Avg DOM
376
Avg $ / SqFt
$842,600
Avg List Price

Property Details

Price:
$1,120,000
MLS #:
73398645
Status:
Pending
Beds:
9
Baths:
5
Type:
Multi Family
Subtype:
3 Family
Listed Date:
Jul 1, 2025
Finished Sq Ft:
4,276
Total Sq Ft:
4,276
Lot Size:
23,292 sqft / 0.53 acres (approx)
Year Built:
1985
Units:
3

Schools

Interior

Appliances
Range, Microwave, Refrigerator
Bathrooms
5 Full Bathrooms
Cooling
Ductless
Flooring
Carpet, Laminate, Hardwood
Heating
Natural Gas
Laundry Features
Electric Dryer Hookup, Washer Hookup

Exterior

Community Features
Public Transportation, Shopping, Park, Medical Facility, Highway Access, House of Worship, Public School
Exterior Features
Rain Gutters, Garden, Other
Parking Features
Paved Drive, Off Street
Parking Spots
8
Roof
Shingle

Financial

Net Operating Income
$61,800
Tax Year
2025
Taxes
$9,677

Map

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Property Summary

    62-R Wallis Street Peabody MA is a Multi Family for sale in Peabody, MA, 01960. It is listed for $1,120,000 To schedule a showing of MLS#73398645 at 62-R Wallis Street in Peabody, MA, contact your Boardwalk Real Estate Corp. agent at 781-944-7820.

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CRP: Certified Relocation Professional
CRS: Certified Residential Specialist
GRI: Graduate of Realtors Institute
CBR: Certified Buyers Representative
BSBA: Bachelor of Science in Business Administration. Babson College 1979
MBA: Master of Business Administration. Babson College 2002

James M. Joly is President and Principal-Owner of Boardwalk Real Estate Corp.,…

More About James
62-R Wallis Street
Peabody, MA