Property Description

Back on Market, please read disclosures. Rare to the market, this 4-unit multi-family property is located in Central Peabody, close to Rt-128/I95/Rt-1. This property presents an excellent opportunity for an investor, contractor, or owner-occupant looking to renovate and achieve market rents, restoring it to a renovated condition. All four units are 2-bedroom, 1-bathroom units with very similar layouts. Part of the driveway was paved in 2024, and a new Cultec drywell system was installed. Each unit has 100-amp individual electrical panels. Three units have gas-powered forced air heating systems, while one unit has gas-powered hot water baseboard heating. Gas and electric are separately metered for each unit. There is plenty of value to add to this property! This building offers significant opportunities to build equity and generate higher income!

Features

Heating System : Forced Air, Baseboard, Natural Gas

Cooling System : Window Unit(s)

Basement : Sump Pump

Parking : Assigned, Off Street, Paved, Paved Drive, Driveway

Appliances : Range, Microwave, Refrigerator, Washer, Dryer

Flooring : Tile, Wood, Laminate, Carpet

Sewer : Public Sewer

Water : Public

Disclosure : 1 Unit Of An 18 Unit Condo Complex Castlerock Condominium Currently Not Fully Assessed For Tax Purposes Construction Is Being Completed, Electric Heat 1st Floor Bathroom. Fireplace Never Been Used By Seller. Buyer/buyer Agent To Perform All Due Diligence And Verify All Information., Seller Will Have Pool Professionally Opened Prior To Closing.

Electric Feature : Individually Metered, 100 Amp Service

Garage Parking

Interior Features : Kitchen, Dining Room, Living Room

Lead Paint : Unknown

Rent Fee Includes : Unit 1(water), Unit 2(water), Unit 3(water), Unit 4(water)

Additional Information

Market Time : 1

Parking Spaces : 6

Tax Year : 2025

Status : Active

Price Per Sqft : $289

Zoning : R4

No Units : 4

Orig Price : $830,000

LEASE : No

Waterfront : No

MlsStatus : New

Address Map

City : Peabody

State : Massachusetts

County : Essex

Postal Code : 01960

Longitude : W71° 3' 56.6''

Latitude : N42° 31' 49.6''

Google Map

Residential Income

78 Endicott St, Peabody, Massachusetts

8 Bedrooms

4 Bathrooms

3,511 Sqft

$830,000

Listing ID #73386721

Basic Details

Property Type : Residential Income

Listing Type : For Sale

Price : $830,000

Bedrooms : 8

Rooms : 16

Bathrooms : 4

Square Footage : 3,511 Sqft

Year Built : 1900

Lot Area : 0.08 Acre

Listing ID : 73386721

BathroomsFull : 4

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Agent info

srobb@robbenterprises.com

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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.