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$1,450,000
Est. payment /mo
5 Beds
4.5 Baths
3,484 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 4 Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,484 sqft
Price per Sqft $416
MLS Listing ID 73520588
Bedrooms 5
Full Baths 4
Half Baths 1
Year Built 1900
Annual Tax Amount $9,261
Tax Year 2025
Lot Size 10,890 Sqft
Acres 0.25
Property Sub-Type 4 Family
Property Description
Rare opportunity to acquire a four-unit multifamily portfolio in Danvers, comprised of two separate two-family homes situated on a single lot. The property features a well-balanced unit mix of three 1-bedroom, 1-bath apartments and one 2-bedroom, 1.5-bath unit, catering to a broad and stable tenant base.All units have been updated and include modern finishes such as stainless steel appliances and in-unit washer and dryer, enhancing tenant appeal and supporting strong rental demand. The property also benefits from ample off-street parking, a key amenity in the market.This asset offers investors a unique combination of scale and flexibility, with two independent structures providing operational versatility and long-term value. Positioned in a desirable location with convenient access to local amenities and major commuter routes, the property is well-suited for both stable cash flow and future rental growth.
Location
State MA
County Essex
Zoning R1
Direction Please use GPS
Rooms
Basement Full, Walk-Out Access
Exterior
Total Parking Spaces 6
Garage No
Building
Story 4
Foundation Concrete Perimeter, Stone, Brick/Mortar
Sewer Public Sewer
Water Public
Others
Senior Community false
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Listed by Herrick Lutts Realty Partners
NEARBY SCHOOL & BUSINESS
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