BEDS7
BATHS5 full
SQUARE FEET3,653
MLS#73543444
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property Description
Rare opportunity to acquire a 5-unit multifamily property in a popular and accessible Danvers location! Situated on a corner lot with approximately 3,653 square feet of living area, this income-producing asset consists of a desirable mix of five 2BD/1BA and 1BD/1BA units, generating approximately $119,000 in annual gross income. The property offers desirable tenant amenities including ample off-street parking with two spaces per unit and common laundry facilities. Several units feature updated kitchens, renovated baths, refreshed flooring, and spacious layouts, while the building retains much of its original character and charm. Two units have the added benefit of private exterior entrances. Located near downtown Danvers, shopping, restaurants, parks, commuter routes, and public transportation, this is an attractive addition to any investment portfolio. Strong in-place cash flow, stable tenancy, and future upside potential make this a compelling offering.
Property Features
Property Type: Multi Unit - Multiple
Cooling: None
Heating: Hot Water, Natural Gas
Lot Size: 0.18 Acres
Roof Type: Slate
Stories: 5.0
Taxes: $10,297
Year Built: 1900
Amenities
Bathroom With Tub & Shower
Bathroom with Shower Stall
Kitchen
Office/Den
Living Room
Balcony
Rain Gutters
Feature Descriptions
Appliances: Washer, Dryer, Range, Refrigerator, Dishwasher
Building Area Total: 3653
Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Bike Path, Conservation Area, Highway Access, House of Worship, Marina, Private School, Public School, T-Station, Sidewalks
Compensation Based On: N/A
Compensation Broker Transaction: N/A
Compensation Buyer Agency: N/A
Compensation Sub Agency: N/A
Compensation Sub Agency Offered: N/A
Days on Site: 23
Dwelling Type: 5+ Family - 5+ Units Up/Down
Exterior: Frame
Flooring: Tile, Carpet, Hardwood, Wood
Frontage: 209.00
HeatingY/N: 1
Lot Features: Corner Lot, Level
Open Parking Y/N: Yes
Parcel Number: 1877786
Parking Features: Paved Drive, Off Street, Paved
Parking Total: 10
Patio And Porch: Porch
Rent Includes: Unit 1(Heat, Gas, Water), Unit 2(Heat, Gas, Water), Unit 3(Heat, Gas, Water), Unit 4(Heat, Gas, Water)
Road Responsibility: Public Maintained Road
Rooms Total: 15
Sewer: Public Sewer
Units: 5
Water: Public
Waterfront Features: Ocean,1 to 2 Mile To Beach, Beach Ownership(Public)
Local Schools
High School: Danvers High School
Listed By / Shown By
Listed By
Agency Name: Aluxety
Agent Name: The Pizzo Group
Agency Phone: 800-806-3212
Shown By
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
Agency Phone: 800-741-1540
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Estimated Payment
$ 4,696.86 per month $3,393.99 Principal & Interest $858.08 Property Tax $444.79 Homeowner's Insurance
23 Poplar St | MLS# 73543444
This multi-family property located at 23 Poplar St, Danvers, MA 01923 is currently listed for sale with an asking price of $1,525,000. Search Danvers real estate on www.masiellogrouprealestate.com today.