62-R Wallis Street, Peabody, MA 01960
View Map
$1,120,000
3 Unit
9 Beds
5 Baths
4276 SQFT
0.53 Acre

Property Description

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

Property Details tap to expand

Building Information

  • Total Units: 3
  • Total Floors: 4
  • Total Bedrooms: 9
  • Total Full Baths: 5
  • Amenities: Highway Access, House of Worship, Medical Facility, Park, Public School, Public Transportation, Shopping
  • Basement Features: Full, Partially Finished
  • Common Rooms: Family Room, Kitchen, Living Room
  • Common Interior Features: Stone/Granite/Solid Counters, Upgraded Countertops
  • Common Appliances: Microwave, Range, Refrigerator, Washer Hookup
  • Common Heating: Extra Flue, Gas, Heat Pump

Financial

  • APOD Available: No
  • Gross Operating Income: 61800
  • Net Operating Income: 61800

Utilities

  • Electric Info: Circuit Breakers, Underground
  • Utility Connections: Washer Hookup, for Electric Dryer
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 1
  • Levels: 2

Unit 2 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 3 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 2
  • Levels: 1

Construction

  • Year Built: 1985
  • Type: 3 Family
  • Foundation Info: Poured Concrete
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Hardwood, Laminate, Wall to Wall Carpet
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73398645
  • Last Updated: 08/26/25

Property History tap to expand

Date Event Price Price/Sq Ft Source
08/26/2025Back on Market$1,120,000$262MLSPIN
07/11/2025Under Agreement$1,120,000$262MLSPIN
07/05/2025Active$1,120,000$262MLSPIN
07/01/2025New$1,120,000$262MLSPIN

Mortgage Calculator

View Breakdown

Map

Seller's Representative: James Pham, RE/MAX Partners
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

© 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 2025-08-26 11:43:00