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$1,179,900   Price Analysis
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70 Margin St
Peabody, MA 01960
10 bed 6 bath 4,204 SqFt ($280/SqFt)
0.29 acre lot. Built 1930
Listed 2024-04-30, Taxes $6,921
Ⓧ USDA Ineligible
due to price & location

near Peabody

Welcome to an exceptional investment opportunity in the heart of Peabody.

This 4 family is fully rented and ready to start making you money!!! The first floor offer two units, one front nd one back. Front unit is 1 bed 1 bath, back unit is 2 beds 1 full bath. Second and Third floors offers a more open units with large bedrooms and hardwood floors.

Off Street Parking fo r up to 9 cars and 2 cars garage, currently used for storage, Coin Operated washer and dryer and storage in the basement. A large backyard for Peabody, adding even more value to the rental income.


Presented by Silvia Monteiro at
Dell Realty Associates, Inc.


Property MLS #73230707 from MLSPIN

Bedrooms: 10

Total Rooms: 22
Basement Description: Full, Partial, Walk-Out Access

Total Bathrooms: 6
Full Bathrooms: 6

Flooring: Wood, Tile, Carpet
Window Features: Storm Window(s)

Covered Spaces: 2
Garage Spaces: 2
Parking Total: 9

Patio And Porch Features: Enclosed, Deck - Roof

Lot Description: Corner Lot, Level
Lot Size Acres: 0.29
Lot Size Square Feet: 12502

Association: No
Calculated Total Monthly Association Fees: 0

Gross Income: 72600

Number of Units: 4

Community Features: Medical Facility, Laundromat, Highway Access, Private School, Public School

Annual Tax Amount: 8631
Source Listing Status: Active
County: Essex
Directions: Route 114 Margin St
Tax Year: 2024
Source Property Type: Residential Income
Parcel Number: 4177655
Zoning: R1A
Property Subtype: 4 Family
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$508,200 + $177,000
$685,200
$6,921
2022$550,800 + $198,200
$749,000
$6,921
2021$500,800 + $160,900
$661,700
$6,941
2020$425,700 + $160,900
$586,600
$6,300
2019$390,500 + $160,900
$551,400
$6,071
2018$311,000 + $146,200
$457,200
$5,240
2017$295,800 + $146,200
$442,000
$5,198
2016$278,000 + $146,200
$424,200
$5,056
2015$244,700 + $142,600
$387,300
$4,764
2014$257,200 + $138,000
$395,200
$4,900
2006$428,400 + $184,500
$612,900
$4,658
2005$372,200 + $167,800
$540,000
$4,482
2004$372,200 + $167,800
$540,000
$4,369
2003$224,700 + $131,200
$355,900
$3,363

Relisted 2024-06-13
$1,179,900
MLSPIN
Listing removed 2024-05-24
$1,199,900
MLSPIN
Price Changed 2024-05-13
$1,199,900
MLSPIN
Listed 2024-04-30
$1,249,900
MLSPIN
Sold 1981-09-01
$118,000
Public Record

Net Operating Income: 72600

Year Built: 1930
Building Area Total: 4204
Building Area Units: Square Feet
Construction Materials: Frame
Foundation Details: Stone
Property Age: 94
Roof: Shingle
Levels or Stories: 7
Year Built Details: Actual
Year Built Source: Public Records

Sewer: Public Sewer
for Gas Range
for Electric Range
for Gas Oven
Water Source: Public

Peabody Veterans Memorial High School is a public high school located approximately 2.9 miles away.
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Bishop Fenwick High School is a private high school located approximately 0.1 miles away.
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Thomas Carroll is a public elementary school located approximately 0.4 miles away.
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J Henry Higgins Middle School is a public middle school located approximately 1.5 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.