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$634,900
Total Beds: 3 Total Baths: 2
Total Units: 2 SQFT: 1664
LOT size: 0.13 Acres
15 Margin Street
Peabody, MA 01960
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Property Description

Two-family home in prime Peabody location close to shops, MBTA, churches and schools. Ideal for investors, first-time buyers or owner occupiers seeking supplemental income. 1st floor unit (larger unit) is conveniently vacant and features an eat in kitchen, 2 ample sized bedrooms and 1 full bath. The living room/dining room layout allows for creative use of space, whether for additional living or work from home options. Upstairs unit is a 1 bdrm/1bath and currently occupied by a tenant on a lease, providing immediate rental income. Additional highlights include: two garages (one with interior access and one that is detached), enclosed sunroom, full basement, off-street parking, some fenced in yard space, newer electrical panels and roof approximately 15 yrs old - this home is in overall solid condition with room to unlock even more potential with some tlc! Grab some ice cream at nearby legendary Treadwell's and come visit 15 Margin Street! Showings will begin at Open House!

Property Details

Building Information

  • Total Units: 2
  • Total Floors: 3
  • Total Bedrooms: 3
  • Total Full Baths: 2
  • Amenities: Golf Course, Highway Access, Laundromat, Marina, Park, Private School, Public School, Public Transportation, Shopping, Walk/Jog Trails
  • Basement Features: Full, Interior Access, Unfinished Basement
  • Common Rooms: Dining Room, Kitchen, Living Room, Sunroom
  • Common Appliances: Range, Refrigerator

Financial

  • APOD Available: No
  • Gross Operating Income: 18000
  • Net Operating Income: 18000

Utilities

  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Construction

  • Year Built: 1960
  • Type: 2 Family - 2 Units Up/Down
  • Foundation Info: Poured Concrete
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73370834
  • Last Updated: 05/08/25
  • Terms: Contract for Deed, Rent w/Option

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Map

Seller's Representative: Nicole Hanlon, Lyv Realty
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: Gross/Full Sale Price
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2025-05-08 03:30:00