25 Proctor St, Peabody, MA 01960
For Sale
New
$849,000
Duplexes
Property Size1,924 SF
Price / SF$441.27
Days on Market2
Property Features for 25 Proctor St
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Listing Agency:
Lyv Realty
(978) 533-8000
Listed By:
Kallyta Oliveira
(781) 605-9526
Source:
Lockandkeyre
Added: Nov 11
Changed: Nov 12
Last Checked: Nov 12 at 6:20AM
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 Lyv Realty
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Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,412
Cap Rate
3.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$648,240
$648.2K
Cap Rate 7%
$463,029
$463.0K
Cap Rate 9%
$360,133
$360.1K
Market Conditions
NOI Build-Up for 1,924 SF
Gross rent
$48.5K $25.20/SF
− Vacancy
−$2.2K −$1.13/SF
EGI
$46.3K $24.07/SF
− OpEx
−$13.9K −$7.22/SF
NOI
$32.4K $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%
$648,240
Cap Rate 7%
$463,029
Cap Rate 9%
$360,133
Alternative Uses
Best Use
Multifamily LT 5
$463.0K
$405.2K – $540.2K
NOI $32,412 @ 7.0% cap · market cap 3.82%
Second Best
Apartment 5plus
$418.0K
$365.7K – $487.6K
NOI $29,257 @ 7.0% cap · market cap 3.45%
Theoretical Best
Office A
$1.14M
$996.6K – $1.33M
NOI $79,730 @ 7.0% cap · market cap 9.39%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
732
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
$566,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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
Where is this duplex located?
The property is located at 25 Proctor St Peabody, MA.
What is the asking price?
The asking price for this property is $849,000.
