33 Warren St, Peabody, MA 01960
Fully occupied two-family with off-street parking and a fenced side yard, plus a walk-up third floor for flexible use.
- Added:
- Jun 4, 2026
- Days on Market:
- 8
- Last Refresh:
- Jun 10 at 2:01 am
Property Features for 33 Warren St
General Information
- Standard status
- Active
- Size
- 3,341 SF
- Property subtype
- 2 Family - 2 Units Up/Down
Building Details
- Year Built
- 1890
Listing agent Shola Oguntolu (781) 334-8075
Listing office Keller Williams Realty Evolution (781) 334-8075
Listing date Jun 4, 2026
Source Lockandkeyre
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All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Evolution
HighLights
- 1890‑built, fully occupied 2‑family with over 3,300 sq. ft. total living space
- Two 5‑room units with 6 total bedrooms—rental income from day one (per remarks)
- Walk‑up third‑floor space with two additional rooms plus storage, office, or expansion potential (buyer to verify)
- Attached garage and 5+ off‑street parking spaces
- Fenced side yard with a garden area
- Farmer’s porch and convenient Peabody location near downtown and major commuter routes
Overview
A walk-up third floor includes two additional rooms, which the buyer can evaluate for future expansion or alternative uses such as storage or a home office (buyer to conduct due diligence). The property is positioned for convenience in Peabody, with proximity to downtown, shopping, restaurants, parks, and major commuter routes.
For investors, the existing rental occupancy can support a stabilized ownership strategy, while the duplex format also offers separate living arrangements for an owner-occupant plan. The combination of multi-unit layout, dedicated parking, and outdoor space makes the property practical for day-to-day living, and the additional third-floor rooms provide further flexibility depending on the buyer’s intended use.
Local Financial Insights For Multifamily LT 5
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 | $84.2k | $25.20 |
| − Vacancy | −$3.8k | −$1.13 |
| EGI | $80.4k | $24.07 |
| − OpEx | −$24.1k | −$7.22 |
| NOI | $56.3k | $16.85 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Peabody
- County
- Essex
- State
- Massachusetts
- Longitude
- -70.9315558
- Latitude
- 42.5306937
