Move-In Ready Two-Family
44 Paleologos Peabody, MA 01960
44 Paleologos, Peabody, MA, 01960
$750,000
For Sale
$750,000
Two-family residence with move-in-ready units, coin-op laundry, and separate utilities, plus tandem off-street driveway parking.
Property Size1,582 SF
Price / SF$474.08
Days on Market39
Property Features for 44 Paleologos
General Information
- Standard status
- Active
- Size
- 1,582 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1900
Listing agency
Toner Real Estate,LLC
Listed by
Colleen Toner
(781) 944-6300
Source
Colonialmanorrealty
Added: Jun 13 Updated: Jul 21 at 6:05AM Checked: Jul 21 at 6:05AM
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 Toner Real Estate,LLC
Investment Insights
Based on property information with market context.
This move-in-ready two-family home at 44 Paleologos Street offers a maintenance-free ownership experience and two separate residential units. The first-floor unit includes three rooms with one bedroom, one full bathroom, and an eat-in kitchen. The second-floor unit features an open-concept oversized eat-in kitchen with a brand-new dishwasher, along with a living room and a full bathroom, and it includes three bedrooms with hardwood floors.
The property includes a basement with coin-op laundry and separate utilities for each unit, including gas heat, separate electric, and separate water tanks. The water tanks were updated in 2023 and 2024. The home also offers tandem off-street driveway parking.
Both units are designed as self-contained living spaces, making the property suitable for an owner-occupant configuration or for rental use.
The property includes a basement with coin-op laundry and separate utilities for each unit, including gas heat, separate electric, and separate water tanks. The water tanks were updated in 2023 and 2024. The home also offers tandem off-street driveway parking.
Both units are designed as self-contained living spaces, making the property suitable for an owner-occupant configuration or for rental use.
Key Highlights
- Move‑in‑ready two‑family home with 8 rooms, 4 bedrooms, and 2 full bathrooms
- First‑floor unit: 1 bedroom, 1 full bath, eat‑in kitchen, and move‑in ready condition
- Second‑floor unit: open‑concept oversized eat‑in kitchen with brand new DW, plus 3 bedrooms with hardwood floors
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 | $39.9k | $25.20 |
| − Vacancy | −$1.8k | −$1.13 |
| EGI | $38.1k | $24.07 |
| − OpEx | −$11.4k | −$7.22 |
| NOI | $26.7k | $16.85 |
1,582 SF · lease $25.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$380.7K
$333.1K – $444.2K
NOI $26,651 @ 7.0% cap · market cap 3.55%
Second Best
Apartment 5plus
$343.7K
$300.7K – $401.0K
NOI $24,057 @ 7.0% cap · market cap 3.21%
Theoretical Best
Office A
$936.5K
$819.5K – $1.09M
NOI $65,558 @ 7.0% cap · market cap 8.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-family residence with move-in-ready units, coin-op laundry, and separate utilities, plus tandem off-street driveway parking.
Where is this duplex located?
The property is located at 44 Paleologos Peabody, MA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Move‑in‑ready two‑family home with 8 rooms, 4 bedrooms, and 2 full bathrooms; First‑floor unit: 1 bedroom, 1 full bath, eat‑in kitchen, and move‑in ready condition; Second‑floor unit: open‑concept oversized eat‑in kitchen with brand new DW, plus 3 bedrooms with hardwood floors
