46-48 Walnut St Peabody, MA ^$ 2,900,000

46-48 Walnut St

^$ 2,900,000

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46-48 Walnut St

Peabody, MA, 01960

^$ 2,900,000

Bedrooms-- Baths6.0 Sq 10,231

Monthly Estimate*

^$ 18,092

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Commercial Property for sale in Peabody, MA

for $2,900,000 with 6 full baths. This 10,231 square foot building was built in 1930 on a lot size of 0.16.

Exceptional mixed-use opportunity in Peabody's downtown district! 46–48 Walnut St features two commercial units on the first floor, one currently used as a residential apartment (to be delivered vacant) and a bakery currently leased. At the buyer’s request, the seller can terminate the bakery lease, giving the option to assume the space or re-lease it. The second and third floors include four residential units with strong rental demand and short-term leases for flexibility. Prime location with excellent visibility near shopping, dining, and major routes. Neighboring commercial property is also on the market, creating a unique chance to expand and enhance future value.

Commercial Active

Price

^$ 2,900,000

Full Bath

Property Type

Commercial

Taxes

^$ 15,390

Style

Lot Size

0.16

Year Built

1930

Town/City

Peabody

County/Region

Essex

MLS | Web ID

73426593

List By

Helena Araujo

Listing Agent

Exp Realty

Broker

Affordability Calculator

$19,375

Per Month

Monthly Principal & Interest: $18,092
Monthly Property Taxes: $1,283
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends

Commerical listings in Peabody, MA

Average List Price ^$1,254,150

Percent of Sale Price 57%

About Peabody, MA

54,399 Population

13% Since 2002

^$66,405 Median Income

45.92 Median Age

23% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

Neighborhood & Schools

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Pricing History

Date	Price	Price Change	Description
11/13/2025	$2,900,000	-22.67%	Price Down
9/5/2025	$3,750,000		Listed Price

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46-48 Walnut St, Peabody, MA, 01960 is a Commercial Property for sale at $2,900,000 with 10,231 sqft and a lot size of 0.16. 46-48 Walnut St has 6.0 baths and was built in 1930. The property's zip code is 01960 which is in Peabody, MA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Data is updated as of 12/16/2025.

The real estate information and related content displayed on this site is provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. 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, and the Images, 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. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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46-48 Walnut St

Commercial Property for sale in Peabody, MA

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