Property profile

16 Chestnut St Peabody, MA 01960

OFF-MARKET
Investment properties
Property ID
US38-0643861
3,888 SF 0.11 ac lot Built 1859
Entity Owned 1-yr Hold Free & Clear
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Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1859
Construction FRAME
Total area 3,888 SF
Lot 0.11 ac (4,992 SF)
Zoning code R2
APN PEAB M:0085 B:0190
UPID US38-0643861

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Law Firm
  • Law Firm

Location

16 Chestnut St Peabody, MA 01960-5432
Peabody metro Census 210700 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$677k
Blend (final) Blend
$660k

Owner & transaction history

since 2025
2 recorded transactions
2025
Price N/A
2018
Price N/A

Zoning & alternative use

R2 · Peabody, MA
Zoning description

R2 and R4 zoning districts in the vicinity of the Downtown as set forth in the Main Street Subdistrict, Walnut/Foster Street Subdistrict and Washington Street Subdistrict versions of said standards. The Community Develop…

General category RESIDENTIAL
Top alternative use upside
Auto repair, garage $930,000 +10.8%
Retail stores $865,000 +2.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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