Two-Family Duplex
18-20 Pleasant Street Peabody, MA 01960
18-20 Pleasant Street, Peabody, MA, 01960
$499,900
For Sale
$499,900
Two-family duplex on 0.26 acres, requiring major rehab and priced for cash or non-conventional financing.
Property Size2,759 SF
Lot Size0.26 Acres
Price / SF$181.19
Days on Market100
Property Features for 18-20 Pleasant Street
General Information
- Standard status
- Active
- Size
- 2,759 SF
- Lot size
- 0.26 Acres
- Property subtype
- Multi-family
Building Details
- Year Built
- 1850
Listing agency
Keller Williams Realty Evolution
Listed by
Jeffrey Carter
(617) 731-4644
Source
Hammondre
Added: Apr 13 Updated: Jul 21 at 12:46AM Checked: Jul 21 at 7:06AM
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 Keller Williams Realty Evolution
Investment Insights
Based on property information with market context.
This two-family duplex offers a redevelopment or renovation opportunity. The property is situated on a 0.26-acre site and is described as needing major rehab, with the structure not qualifying for conventional financing.
Showings are available beginning with the open house on April 16 at 5:00 PM, and the seller will review offers starting Tuesday, April 21 at noon.
Transaction terms are positioned for contractors, developers, and investors seeking a rehab or cash-only scenario.
Showings are available beginning with the open house on April 16 at 5:00 PM, and the seller will review offers starting Tuesday, April 21 at noon.
Transaction terms are positioned for contractors, developers, and investors seeking a rehab or cash-only scenario.
Key Highlights
- 2‑family duplex on 0.26 acres, built in 1850
- Property needs major rehab and will not qualify for conventional financing
- Cash or non‑conventional (rehab) financing only
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $79.5k | $28.80 |
| − Vacancy | −$3.2k | −$1.15 |
| EGI | $76.3k | $27.65 |
| − OpEx | −$34.3k | −$12.44 |
| NOI | $42.0k | $15.21 |
2,759 SF · lease $28.80/SF/yr · vacancy 4.00% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$664.0K
$581.0K – $774.7K
NOI $46,479 @ 7.0% cap · market cap 9.30%
Second Best
Apartment 5plus
$599.3K
$524.4K – $699.2K
NOI $41,954 @ 7.0% cap · market cap 8.39%
Theoretical Best
Office A
$1.63M
$1.43M – $1.91M
NOI $114,332 @ 7.0% cap · market cap 22.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-family duplex on 0.26 acres, requiring major rehab and priced for cash or non-conventional financing.
Where is this duplex located?
The property is located at 18-20 Pleasant Street Peabody, MA.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: 2‑family duplex on 0.26 acres, built in 1850; Property needs major rehab and will not qualify for conventional financing; Cash or non‑conventional (rehab) financing only
