98 Main St Peabody — Photo 1 of 41
Recent Drop: $101,000
$1,799,000
Investment Analysis — 98 Main St
Peabody, MA 01960
Based on rent reported on the MLS listing, a 2-unit multi-family in 01960 carries $10,000/mo in gross rent — about a 3.96% cap rate and $71,317/yr in estimated NOI at the $1,799,000 list price. Adjust every assumption in the calculator below.
Beds
6
Baths
3
SqFt
3,150
Style
Multi Family
Built
1830
Rare standalone mixed-use opportunity in downtown Peabody. Currently operating as a successful café, the commercial space features a spacious dining area, service counter, bakery/café setup, and two restrooms. The lower level is fully equipped for food service operations with a walk-in refrigerator, walk-in freezer, prep kitchen, pastry room, office, bathroom, multiple storage rooms, and additional support space. Above the commercial space is a large residential unit offering 6 bedrooms, formerly configured as separate apartments, the residence was combined into one expansive unit. Well-positioned on Main Street with excellent visibility and ample off-street parking, this unique property is ideal for those seeking a mixed-use asset with both established commercial and residential components.
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 MLS and other third-party data may be inaccurate or out of date.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.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Park • Golf • Medical Facility • Laundromat
Geography
Property History
$1,799,000
Was $1,900,000
Jul 30, 2026
MLS® 73554040
$1,900,000
Jul 23, 2026
MLS® 73554040
$1,799,000
Jul 7, 2026
MLS® 73545991
Listing Agent: Pizzo Johanson Team
Listing Office: Aluxety
MLS® Number: 73554040