Sold!
$1,325,000
5
Beds
4/1
Baths
3,484
Living Area
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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.
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Highlights
- Levels: 4
- Property Class: Residential Income
- Stories: 4
- Year Built: 1900
- Parking Spots: 6
- Property Type: 4 Family
- Total Rooms: 14
- Status: Closed
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Additional Details
- Basement: Full, Walk-Out Access
- SqFt Source: Public Record
- Year Built Details: Approximate
- Zoning: R1
- Foundation: Concrete Perimeter, Stone, Brick/Mortar
- Total Number of Units: 4
- Year Built Source: Public Records
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Amenities
- Parking Features: Paved Drive
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Utilities
- Sewer: Public Sewer
- Water Source: Public
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Fees / Taxes
- Assessed Value: $842,700
- Taxes: $9,261
- Tax Year: 2025
- Total Rent: $9,045
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Content © 2026 MLS Property Information Network, Inc. The information in this listing was gathered from third party resources including the seller and public records.
Listing information provided courtesy of Herrick Lutts Realty Partners.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
