INNOVATE
Real Estate
No photos available for this listing

$2,750,000

46-48 Walnut St, Peabody MA 01960
Peabody, MA 01960
Listed by Helena Araujo
Bedrooms
5
Bathrooms
5
Living area
10,231 sqft
Year built
1930

About this home

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.

Property details

MLS #
73487396
Property type
5+ Family - 5+ Units Up/Down
Subdivision
N/A
Status
Active
Days on market
N/A
On market date
N/A
Stories
5
Garage spaces
N/A
Lot size
0.16 acres

Location

Get directions →
Loading map…

Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Thomas Carroll
0.48 mi away · Grades 0-5
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
553
Student:teacher ratio
15.8:1
District
Peabody
Middle
J Henry Higgins Middle
0.91 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
1,393
Student:teacher ratio
13.8:1
District
Peabody
High
Salem High
1.54 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
803
Student:teacher ratio
8.2:1
District
Salem

Mortgage calculator

Estimate only — actual rate and payment depend on your lender, credit, and loan program.

$
%
%
Adjust tax / insurance estimates
% / yr
$
/mo
Est. monthly payment
$16,711/mo
$550,000 down
$2,200,000 loan
Principal & interest$14,269
Property tax (est.)$2,292
Home insurance (est.)$150

Similar homes you might like

No photo
$3,300,000
174 Walnut Street, Somerville MA 02145
Somerville, 02145
11 bd·8 ba·5,921 sqft
Listed by Kirsten McEleney
No photo
$3,300,000
154 Bedford St, Abington MA 02351
Abington, 02351
11 bd·11 ba·7,167 sqft
Listed by Tom McFarland
No photo
$3,300,000
71-73 Oak St, Somerville MA 02143
Somerville, 02143
8 bd·6 ba·5,260 sqft
Listed by Helena Araujo
No photo
$3,300,000
99 Irving Street, Fall River MA 02723
Fall River, 02723
27 bd·20 ba·13,555 sqft
Listed by Ronald Rusin
No photo
$3,295,000
19 South Russell Street, Boston MA 02114
Boston, 02114
4 bd·9 ba·3,240 sqft
Listed by Zach Barron
No photo
$3,295,000
100 Beals Street, Brookline MA 02446
Brookline, 02446
7 bd·5 ba·4,493 sqft
Listed by Jennifer Schneider
No photo
$3,290,000
142 Calumet Street, Boston MA 02120
Boston, 02120
14 bd·4.1 ba·4,573 sqft
Listed by Brian Back
No photo
$3,260,000
109 Walnut St, Somerville MA 02145
Somerville, 02145
18 bd·6 ba·8,060 sqft
Listed by Lior Rozhansky

Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated March 20, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.