Two-Family Residential Income
64 Fulton Peabody, MA 01960
64 Fulton, Peabody, MA, 01960
$699,900
For Sale
$699,900
Well-maintained two-family home with two single-level units, separate utilities, and off-street parking.
Property Size2,312 SF
Price / SF$302.72
Days on Market34
Property Features for 64 Fulton
General Information
- Standard status
- Active
- Size
- 2,312 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1880
Listing agency
eXp Realty LLC - Corporate Office
(978) 857-0956
Listed by
Ana M Picanco Linnehan
(978) 857-0956
Source
Lockandkeyre
Added: Jun 18 Updated: Jul 20 at 4:25PM Checked: Jul 21 at 3:05AM
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 eXp Realty LLC - Corporate Office
Investment Insights
Based on property information with market context.
This well-maintained two-family home offers single-level living in both units and has been previously owner-occupied for many years. Each unit is served by separate heat, hot water, and 100-amp circuit breaker panels. The first-floor unit is currently vacant and includes a living room, eat-in kitchen, office, and two bedrooms. The second-floor unit includes an eat-in kitchen, living room, entry hall/office, and two bedrooms and is currently occupied by a tenant-at-will.
The exterior has been maintained with off-street parking and a vegetable garden. The property is located in a pleasant Peabody town center neighborhood, with convenience to shopping, major routes, Salem commuter rail, and downtown Peabody, and offers easy access to Boston and surrounding North Shore communities.
With one unit vacant and the other occupied, the layout provides a straightforward live-in-and-rent configuration, while also allowing updates and personalization to the homes and finishes.
The exterior has been maintained with off-street parking and a vegetable garden. The property is located in a pleasant Peabody town center neighborhood, with convenience to shopping, major routes, Salem commuter rail, and downtown Peabody, and offers easy access to Boston and surrounding North Shore communities.
With one unit vacant and the other occupied, the layout provides a straightforward live-in-and-rent configuration, while also allowing updates and personalization to the homes and finishes.
Key Highlights
- Well‑maintained two‑family home built in 1880 with two single‑level units
- Both units have separate heat, hot water, and 100‑amp circuit breaker panels
- First‑floor unit is currently vacant and offers living room, eat‑in kitchen, office, and 2 bedrooms
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 | $58.3k | $25.20 |
| − Vacancy | −$2.6k | −$1.13 |
| EGI | $55.6k | $24.07 |
| − OpEx | −$16.7k | −$7.22 |
| NOI | $38.9k | $16.85 |
2,312 SF · lease $25.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$556.4K
$486.9K – $649.1K
NOI $38,948 @ 7.0% cap · market cap 5.56%
Second Best
Apartment 5plus
$502.2K
$439.5K – $586.0K
NOI $35,157 @ 7.0% cap · market cap 5.02%
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $95,809 @ 7.0% cap · market cap 13.69%
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 - Well-maintained two-family home with two single-level units, separate utilities, and off-street parking.
Where is this duplex located?
The property is located at 64 Fulton Peabody, MA.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Well‑maintained two‑family home built in 1880 with two single‑level units; Both units have separate heat, hot water, and 100‑amp circuit breaker panels; First‑floor unit is currently vacant and offers living room, eat‑in kitchen, office, and 2 bedrooms
