Three-Unit Residential Income
41 Northend Street Peabody, MA 01960
41 Northend Street, Peabody, MA, 01960
$899,000
For Sale
$899,000
Fully occupied three-family with separated utilities, off-street parking, and an outdoor patio and backyard grass area.
Property Size2,064 SF
Price / SF$435.56
Days on Market179
Property Features for 41 Northend Street
General Information
- Standard status
- Active
- Size
- 2,064 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1880
Listing agency
Barry Realty Group
Listed by
Peter Castrichini
(781) 233-1401
Source
Littlefieldre
Added: Jan 24 Updated: Jul 22 at 5:01AM Checked: Jul 22 at 5:01AM
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 Barry Realty Group
Investment Insights
Based on property information with market context.
This fully occupied three-family residential income property offers three separate units, each with 2 bedrooms and 1 bathroom per floor. The building is configured with separated gas heat, electric, and hot water for each unit, for three total independent utility systems. Off-street parking is available, and the property includes an outdoor patio and a grass area in the rear yard.
The home is walkable to an elementary school and is described as close to area amenities.
With a current rental income of $5,700 per month, the property may appeal to an owner-occupant or an investor seeking a multi-unit setup with separate utilities.
The home is walkable to an elementary school and is described as close to area amenities.
With a current rental income of $5,700 per month, the property may appeal to an owner-occupant or an investor seeking a multi-unit setup with separate utilities.
Key Highlights
- Fully occupied 3‑family multi‑unit with 6 total bedrooms and 2‑bedroom, 1‑bath per floor
- Current rental income of $5,700 per month
- Each unit has separated gas heat, electric, and hot water with 3 separate utility systems total
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 | $52.0k | $25.20 |
| − Vacancy | −$2.3k | −$1.13 |
| EGI | $49.7k | $24.07 |
| − OpEx | −$14.9k | −$7.22 |
| NOI | $34.8k | $16.85 |
2,064 SF · lease $25.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$496.7K
$434.6K – $579.5K
NOI $34,771 @ 7.0% cap · market cap 3.87%
Second Best
Apartment 5plus
$448.4K
$392.3K – $523.1K
NOI $31,386 @ 7.0% cap · market cap 3.49%
Theoretical Best
Office A
$1.22M
$1.07M – $1.43M
NOI $85,532 @ 7.0% cap · market cap 9.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Fully occupied three-family with separated utilities, off-street parking, and an outdoor patio and backyard grass area.
Where is this triplex located?
The property is located at 41 Northend Street 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: Fully occupied 3‑family multi‑unit with 6 total bedrooms and 2‑bedroom, 1‑bath per floor; Current rental income of $5,700 per month; Each unit has separated gas heat, electric, and hot water with 3 separate utility systems total
