Two-Unit Residential Income
33 Warren St Peabody, MA 01960
33 Warren St, Peabody, MA, 01960
$899,000
For Sale
$899,000
MULTI_FAMILY - Peabody, MA
Property Size3,341 SF
Lot Size0.16 Acres
Price / SF$269.08
Days on Market47
Property Features for 33 Warren St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R2
- Bedrooms
- 8
- Bathrooms
- 2
- Rooms
- Bedroom 7, Bedroom 1, Bathroom 2, Bedroom 2, Bedroom 4, Bedroom 5, Bedroom 8, Bedroom 6, Bathroom 1, Bedroom 3
- Parking
- 6
- Fireplace
- 1
- Standard status
- Active
- APN
- M:0075 B:0014,2104522
- Size
- 3,341 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 7584
Building Details
- Year built
- 1890
- Floors in Building
- 3
- Number of units
- 2
Listing Agency
Keller Williams Realty Evolution
(781) 395-5600
301 Edgewater Place, Suite 100, Beverly, MA
Listed by
Keller Williams Realty Evolution
Added: Jun 4 Checked: Jul 20 at 12:06 am
MLS# 73530338
Listing URL
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This well-maintained 2-family residential income property offers two generously sized 5-room units with a total of 6 bedrooms, and is currently fully occupied. The home includes an attached garage, a fenced side yard with a garden area, and 5+ off-street parking spaces. A welcoming farmer’s porch adds character to the exterior, and a walk-up third floor provides two additional finished rooms that may be used for storage, a home office, or other purposes, subject to buyer verification.
Located at 33 Warren St in Peabody, Massachusetts, the property is described as being convenient to downtown Peabody as well as shopping, restaurants, parks, and major commuter routes. The lot size is listed at 0.163 acres.
The layout supports a range of buyer scenarios, including owner-occupancy with rental income from the second unit, or acquisition for investment purposes. With off-street parking and an attached garage, the property offers practical day-to-day convenience for tenants and guests, while the fenced side yard and garden area provide usable outdoor space. Please note the finished third-floor rooms are flexible and their specific use should be confirmed by the buyer through appropriate verification.
Located at 33 Warren St in Peabody, Massachusetts, the property is described as being convenient to downtown Peabody as well as shopping, restaurants, parks, and major commuter routes. The lot size is listed at 0.163 acres.
The layout supports a range of buyer scenarios, including owner-occupancy with rental income from the second unit, or acquisition for investment purposes. With off-street parking and an attached garage, the property offers practical day-to-day convenience for tenants and guests, while the fenced side yard and garden area provide usable outdoor space. Please note the finished third-floor rooms are flexible and their specific use should be confirmed by the buyer through appropriate verification.
Key Highlights
- Well‑maintained fully occupied 2‑family home in Peabody with over 3,300 sq. ft. of living space
- Two 5‑room units with a total of 6 bedrooms, generating current rental income
- Attached garage plus 5+ off‑street parking spaces
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 |
3,341 SF · lease $25.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$804.0K
$703.5K – $938.1K
NOI $56,283 @ 7.0% cap · market cap 6.26%
Second Best
Apartment 5plus
$725.8K
$635.1K – $846.8K
NOI $50,805 @ 7.0% cap · market cap 5.65%
Theoretical Best
Office A
$1.98M
$1.73M – $2.31M
NOI $138,450 @ 7.0% cap · market cap 15.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained 2-family home with two 5-room units, multiple bedrooms, and off-street parking plus a fenced side yard.
Where is this duplex located?
The property is located at 33 Warren St Peabody, MA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Well‑maintained fully occupied 2‑family home in Peabody with over 3,300 sq. ft. of living space; Two 5‑room units with a total of 6 bedrooms, generating current rental income; Attached garage plus 5+ off‑street parking spaces
