33 Warren Street, Peabody, MA 01960
Well-maintained, fully occupied duplex with off-street parking and a walk-up third floor offering flexible space.
- Added:
- Jun 1, 2026
- Days on Market:
- 17
- Last Refresh:
- Jun 10 at 2:37 am
Property Features for 33 Warren Street
General Information
- Standard status
- Active
- Size
- 3,341 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1890
Listing agent Shola Oguntolu (508) 287-2695
Listing office Keller Williams Realty Evolution
Listing date Jun 1, 2026
Source Demakis
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All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Evolution
HighLights
- Well‑maintained, fully occupied 2‑family property with over 3,300 sq. ft. of living space
- Two 5‑room units with 6 total bedrooms, producing rental income from day one
- Walk‑up third floor adds two additional rooms for flexible use, plus storage or potential future expansion (buyer to verify)
- Attached garage with 5+ off‑street parking spaces
- Fenced side yard with garden area
- Farmer’s porch for exterior charm
Overview
Located in Peabody, the property is described as convenient to downtown Peabody and nearby shopping, restaurants, parks, and major commuter routes. This creates an everyday lifestyle advantage for tenants while keeping access to regional travel practical.
For investors, the property offers rental income from day one in a stabilized, fully occupied setup. Owner-occupants may also find the dual-unit structure useful for living in one unit while renting the other. With multiple bedrooms, on-site parking, outdoor space, and the additional third-floor rooms, the building can accommodate a range of tenant and household needs, with the third-floor options best confirmed during due diligence.
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
- -70.93408
- Latitude
- 42.531584
