What is the estimated cap rate for 114 Central St, Peabody, MA 01960?

Based on rent reported on the MLS listing, 114 Central St, Peabody, MA 01960 (2 units) has an estimated 1.92% cap rate at its $1,050,000 list price, assuming $3,000/mo gross rent, 5% vacancy, 20% operating expenses, property taxes. These are estimates, not investment advice.

What is the estimated rent for 114 Central St, Peabody, MA 01960?

The MLS listing reports about $3,000/month in total rent for a 2-unit multi-family in 01960. That is in-place rent from the current leases, which can sit below market on a long-held property.

Active

24 Days on market

114 Central St Peabody — Photo 1 of 30

$1,050,000

Investment Analysis — 114 Central St

Peabody, MA 01960

Based on rent reported on the MLS listing, a 2-unit multi-family in 01960 carries $3,000/mo in gross rent — about a 1.92% cap rate and $20,109/yr in estimated NOI at the $1,050,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

3,884

Style

Multi Family

Built

1900

Presenting this grand and beautifully maintained 3,884 sq. ft. two-family home offering 3 bedrooms and 1 bath in each unit, with additional finished living space in the basement featuring 5 rooms and 1 bath. The property offers flexible living arrangements ideal for owner occupancy, investment, or multigenerational living. A new roof was installed in 2021. Conveniently located with excellent access to regional highways, shopping, restaurants, the mall, and more. This home offers generous space and versatility throughout, with unfinished attic space offering additional storage and future potential, subject to applicable approvals.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.

Financials

Original Price$1,050,000

Annual Taxes$7,251

Parking

Garage0

Off-Street8

Interior Specifications

Total Rooms14

FireplacesNone

Flooring--

BasementFinished

Climate & Utilities

Heating--

Cooling--

WaterPublic

SewerPublic Sewer

Building & Exterior

Construction--

Roof--

FoundationStone, Granite

ZoningBN

Property & Lot

Acres0.13

SqFt Lot5,878

Lot FeaturesCorner Lot

Amenities & Appliances

Dishwasher • Refrigerator

Geography

Listing Provided By

Listing Agent: Esther Summersett

Listing Office: Hadassah Homes, Inc.

MLS® Number: 73566046