Two-Unit Side-by-Side
2 Aberdeen St, Peabody, MA 01960
For Sale
New
$1,050,000
Each residence has its own driveway, separate entrance, and private outdoor access.
Property Size2,252 SF
Price / SF$466.25
Days on Market4
Property Features for 2 Aberdeen St
General Information
Standard status
Size
Property subtype
Units
Multifamily Units
Individually Metered Utilities
Additional Details
Public Transit
Building Details
Year Built
Listing Agency:
New Century Realty
Listed By:
Min Li · License #CN207768
Source:
Exitcaperealty
Added: Nov 6
Changed: Nov 7
Last Checked: Nov 7 at 4:56AM
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 New Century Realty
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Investment Insights
Based on property information with market context.
This 2,252-square-foot duplex, built in 1985, contains two matching side-by-side residences. Each unit has a living room, an eat-in kitchen, and a half bath on the main floor, with three bedrooms and a full tiled bathroom upstairs. Updated flooring, fresh paint, new front entries, and a new back deck are among the reported improvements. Water is separately metered for each residence.
A full basement with a new concrete floor and a spacious backyard round out the property. The two units have separate driveways and entrances. Shops, local services, and public transportation are nearby, and the property is on the Salem–Peabody line.
A full basement with a new concrete floor and a spacious backyard round out the property. The two units have separate driveways and entrances. Shops, local services, and public transportation are nearby, and the property is on the Salem–Peabody line.
Key Highlights
- Two side‑by‑side units, each with three bedrooms and 1.5 baths
- 2,252 square feet; built in 1985
- Separate water meters, entrances, and driveways for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,938
Cap Rate
3.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$758,760
$758.8K
Cap Rate 7%
$541,971
$542.0K
Cap Rate 9%
$421,533
$421.5K
Market Conditions
NOI Build-Up for 2,252 SF
Gross rent
$56.8K $25.20/SF
− Vacancy
−$2.6K −$1.13/SF
EGI
$54.2K $24.07/SF
− OpEx
−$16.3K −$7.22/SF
NOI
$37.9K $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%
$758,760
Cap Rate 7%
$541,971
Cap Rate 9%
$421,533
Alternative Uses
Best Use
Multifamily LT 5
$542.0K
$474.2K – $632.3K
NOI $37,938 @ 7.0% cap · market cap 3.61%
Second Best
Apartment 5plus
$489.2K
$428.1K – $570.8K
NOI $34,245 @ 7.0% cap · market cap 3.26%
Theoretical Best
Office A
$1.33M
$1.17M – $1.56M
NOI $93,322 @ 7.0% cap · market cap 8.89%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
837
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
$566,700
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Essex County, MA
Properties on Market for Duplexes in Essex County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has its own driveway, separate entrance, and private outdoor access.
Where is this duplex located?
The property is located at 2 Aberdeen St Peabody, MA.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Two side‑by‑side units, each with three bedrooms and 1.5 baths; 2,252 square feet; built in 1985; Separate water meters, entrances, and driveways for each unit
