Two-Family with Attached
For Sale
$945,000
33 Warren Street, Peabody, MA 01960
Well-maintained, fully occupied duplex with off-street parking and a walk-up third floor offering flexible space.
Property Size3,341 SF
Price / SF$282.85
Days on Market79
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 Agency:
Keller Williams Realty Evolution
Listed By:
Shola Oguntolu
(508) 287-2695
Source:
Demakis
Added: May 15
Changed: Jul 10
Last Checked: Aug 1 at 4:33AM
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 Keller Williams Realty Evolution
Investment Insights
Based on property information with market context.
This well-maintained two-family property is fully occupied and configured with two generously sized 5-room units. Across the building there are 6 total bedrooms, offering practical layout flexibility for tenants. The home includes an attached garage, a fenced side yard with a garden area, and a welcoming farmer’s porch. Off-street parking is available with 5+ spaces, supporting day-to-day convenience for residents and guests. A walk-up third floor adds two additional rooms, which may allow for future expansion, storage, a home office, or other uses, subject to buyer due diligence.
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.
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.
Key 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)
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 5.96%
Second Best
Apartment 5plus
$725.8K
$635.1K – $846.8K
NOI $50,805 @ 7.0% cap · market cap 5.38%
Theoretical Best
Office A
$1.98M
$1.73M – $2.31M
NOI $138,450 @ 7.0% cap · market cap 14.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,020
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained, fully occupied duplex with off-street parking and a walk-up third floor offering flexible space.
Where is this duplex located?
The property is located at 33 Warren Street Peabody, MA.
What is the asking price?
The asking price for this property is $945,000.
What are key features of this property?
This property features: 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)
