Sold!
$1,475,000
7
Beds
5
Baths
4,222
Living Area
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Property Description
Exceptional investment opportunity! This well-maintained 5-family property offers 7 bedrooms+ and 5 bathrooms across multiple units, providing a strong foundation for steady rental income or multi-generational living. Located in a prime area, the property is close to shops, restaurants, transit & local amenities—highly attractive to prospective tenants. Each unit benefits from dedicated off-street parking. Utilities are fully separated, placing operating costs directly with tenants and maximizing net returns. The basement features a co-operated laundry setup for tenants, creating additional convenience and income potential. This property is low maintenance and turnkey. Brand new back stairs/deck. Many upgrades in varying units. Great tenants. Whether you’re expanding your portfolio or seeking a reliable income-producing asset, this property delivers consistent demand and exceptional investment performance.** Group showings ONLY by appointment—reach out to LIST agent for more info*
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Highlights
- Area: Danvers Center
- Heating: Natural Gas, Hot Water
- Parking Spots: 7
- Property Type: 5+ Family - 5+ Units Up/Down
- Total Rooms: 18
- Status: Closed
- Cooling: Window Unit(s)
- Levels: 5
- Property Class: Residential Income
- Stories: 5
- Year Built: 1900
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Additional Details
- Appliances: Washer, Dryer, Range, Refrigerator
- Construction: Frame
- Fireplaces: 1
- Foundation: Stone
- Road Frontage Type: Public
- SqFt Source: Public Record
- Year Built Details: Actual
- Zoning: R1
- Basement: Full, Bulkhead, Unfinished
- Exterior Features: Garden
- Flooring: Wood, Vinyl, Carpet, Varies, Laminate, Hardwood
- Interior Features: Storage, Pantry, Bathroom With Tub & Shower, Remodeled, Living Room, Kitchen
- Roof: Shingle
- Total Number of Units: 5
- Year Built Source: Public Records
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Amenities
- Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Marina, Private School, Public School
- Parking Features: Paved Drive, Leased
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Utilities
- Sewer: Public Sewer
- Water Source: Public
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Fees / Taxes
- Assessed Value: $993,200
- Tax Year: 2025
- Total Rent: $11,100
- Rental Fee Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water), Unit 4(Water)
- Taxes: $10,100
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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 Lamacchia Realty, Inc..
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
