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16 Sewall Street

Peabody, MA 01960

6 beds
4 baths
2,860 sqft
5,798 sqft lot
$297 per sqft
2011 build
– on site

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GREAT INVESTMENT OPPORTUNITY/OWNER OCCUPANT-This young duplex consisting of 6 bedrooms 2 full as built in 2011. Each & 2 half baths. Each unit hosts a large living room, a generous size ceramic tiled eat in kitchen w/a side entry to the driveway, a half bath off the kitchen w/laundry hook up, 3 spacious bedrooms & a full bath w/ceramic tile flooring. Each unit has a driveway which could fit up to 4 vehicles, a rear & a side yard area. Cost effective electric baseboard heating (no heating system to maintain/replace). Peabody Electric offers the lowest electrical costs available & offers additional cost savings via 20% discount if paid within 10 days of the bill date. 200 AMP service each unit. Property to be delivered vacant. Potential rents range between $3,000-$3,500 per unit=income potential of $72k -$84k w/an attractive CAP RATE! Great location close to downtown, shopping, restaurants, public transportation, major routes & historic Salem. Freshly painted & new carpeting for buyer.

Listing courtesy of MLSPIN / Maria Salzillo / J. Barrett & Company

Last checked: Checking… • Last updated Jul 28, 2023 •

MLS# 73102216 —

The Building

Year Built:

2011
Year Built Details:

Approximate
Year Built Source:

Public Records
Construction Materials:

Frame
Roof:

Shingle
Foundation Area:

1144
Foundation Details:

Concrete Perimeter
Door Features:

Insulated Doors
Window Features:

Insulated Windows
Stories Total:

4
# of Units Total:

2
Building Area Total:

2860
Building Area Units:

Square Feet
Building Area Source:

Public Records

Interior

Rooms Total:

10
Flooring:

Carpet
Fireplace:

false
Laundry Features:

Washer Hookup

Room Dimensions

Living Area:

2860

Location

Directions:

Main Street to Holten Street to Sewall Street
Latitude:

42.52254
Longitude:

-70.922538

The Property

Parcel Number:

2106867
Property Type:

Residential Income
Property Subtype:

2 Family - 2 Units Side by Side
Lot Features:

Corner Lot
Lot Size Units:

Acres
Lot Size Area:

0.13
Lot Size SqFt:

5798
Lot Size Acres:

0.13
Zoning:

R2
Water View:

No
Waterfront:

false
Farm Land Area Units:

Square Feet
Road Surface Type:

Paved
Road Frontage Type:

Public
Road Responsibility:

Public Maintained Road

Listing Agent

Contact info:

Taxes

Tax Year:

2023
Tax Block:

107
Tax Map Number:

095
Tax Book Number:

30750
Tax Annual Amount:

6922
Tax Assessed Value:

727100

Beds

Bedrooms Total:

6

Baths

Total Baths:

3
Total Baths:

4
Full Baths:

2
Half Baths:

2

The Listing

Home Warranty:

false
Buyer's Brokerage Compensation:

2
Compensation Based on:

Net Sale Price
Sub Agency Relationship Offered:

No

Heating & Cooling

Heating:

true
Cooling:

false

Utilities

Utilities:

for Electric Range
Sewer:

Public Sewer
Water Source:

Public

Appliances

Appliances:

Unit 1(Range,Refrigerator), Unit 2(Range,Refrigerator), Electric Water Heater, Utility Connections for Electric Range, Utility Connections for Electric Dryer

Schools

Elementary School:

Welch
Middle Or Junior School:

Higgins
High School:

Pvmh

The Community

Senior Community:

false
Community Features:

Shopping
Spa:

false

Parking

Garage:

false
Parking Total:

8
Parking Features:

Paved Drive
Open Parking:

true

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
7/28/23 Jul 28, 2023	Price Changed	MLSPIN	$850,000	6.3%
7/12/23 Jul 12, 2023	Sold	MLSPIN	$800,000	-11.1%
6/20/23 Jun 20, 2023	Pending	MLSPIN	$899,900

Multifamily Sold on 7/12/2023

$850,000

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Listing Courtesy of: MLSPIN and J. Barrett & Company.

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. (MLSPIN) from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc., Estately and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Users may not reproduce or redistribute the data found on this site. The data is for viewing purposes only. All information provided is deemed reliable but is not guaranteed by Estately or MLSPIN and should be independently verified.

The offer of compensation listed above is made to, and can only be accepted by, participants of the multiple listing service in which this listing is filed.

16 Sewall Street

Peabody, MA 01960