Two-Family Duplex with
For Sale
$650,000
13 Dane Street, Peabody, MA 01960
Two residential units sit within walking distance of downtown Peabody shops, cafés, and restaurants.
Property Size1,548 SF
Price / SF$419.90
Days on Market11
Property Features for 13 Dane Street
General Information
Standard status
Active
Size
1,548 SF
Total Parking Spaces
6
Property subtype
Multi-family
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1890
Listing Agency:
Century 21 North East
Listed By:
MG Group
(617) 389-1129
Source:
Burkelordrealestate
Added: Oct 19
Changed: Oct 29
Last Checked: Oct 28 at 5:03PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 North East
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Investment Insights
Based on property information with market context.
Built in 1890, this two-family property contains two separate units, each with two bedrooms and one full bathroom. The site provides off-street parking for six vehicles.
Downtown Peabody shops, cafés, and restaurants are within walking distance. Route 1, I-95, and Route 128 provide regional road access; the Salem commuter rail station and North Shore beaches are also nearby.
Downtown Peabody shops, cafés, and restaurants are within walking distance. Route 1, I-95, and Route 128 provide regional road access; the Salem commuter rail station and North Shore beaches are also nearby.
Key Highlights
- Two separate residential units, each with 2 bedrooms and 1 full bath
- Off‑street parking for 6 cars
- Built in 1890
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,078
Cap Rate
4.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$521,560
$521.6K
Cap Rate 7%
$372,543
$372.5K
Cap Rate 9%
$289,756
$289.8K
Market Conditions
NOI Build-Up for 1,548 SF
Gross rent
$39.0K $25.20/SF
− Vacancy
−$1.8K −$1.13/SF
EGI
$37.3K $24.07/SF
− OpEx
−$11.2K −$7.22/SF
NOI
$26.1K $16.85/SF
Area
Essex County, MA
Vacancy
4.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$521,560
Cap Rate 7%
$372,543
Cap Rate 9%
$289,756
Alternative Uses
Best Use
Multifamily LT 5
$372.5K
$326.0K – $434.6K
NOI $26,078 @ 7.0% cap · market cap 4.01%
Second Best
Apartment 5plus
$336.3K
$294.3K – $392.3K
NOI $23,540 @ 7.0% cap · market cap 3.62%
Theoretical Best
Office A
$916.4K
$801.9K – $1.07M
NOI $64,149 @ 7.0% cap · market cap 9.87%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
909
Businesses Nearby
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Business Placement
Demographics for 01960, MA
54,155
Population
23,009
Households
2.4
Avg Household Size
47
Median Age
34%
College-Educated
91%
High-School Grad
16.0 sq mi
ZIP Area
3,385
Density / Sq Mi
$95,173
Median Household Income
$56,100
Median Earnings
$1,902
Median Rent
$566,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units sit within walking distance of downtown Peabody shops, cafés, and restaurants.
Where is this duplex located?
The property is located at 13 Dane Street Peabody, MA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Two separate residential units, each with 2 bedrooms and 1 full bath; Off‑street parking for 6 cars; Built in 1890
