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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.

More Info

Basic Information

  • Gross Income $94,587
  • Mls StatusNew
  • Parcel Number M:050 L:122 P:,1879107

Tax Information

  • Tax Assessed Value $842,700
  • Tax Year 2025
  • Taxes$9,261

Parking

  • Open Parking YN Yes
  • Parking Features Paved Drive
  • Parking Spaces6

Rooms

  • Bathroom5
  • Bathrooms Total Decimal 4.5
  • Bedrooms5
  • Full Bath4
  • Half Baths1

Basic Information

  • List Price$1,450,000
  • MLS Number73520588
  • Modification Date05/19/2026
  • Property SubType4 Family

Location

  • Address130 Pine Street
  • Building Number130
  • CountyEssex
  • StateMA
  • StreetPine Street
  • TownDanvers
  • Zip01923

Building

  • BasementFull, Walk-Out Access
  • Building Area Units Square Feet
  • FoundationConcrete Perimeter, Stone, Brick/Mortar
  • Levels 4
  • Rooms14
  • Stories4
  • Units4
  • Year Built1900
  • Year Built Details Approximate
  • Year Built Source Public Records

Property

  • Acreage0.25

Utilities

  • Sewer Public Sewer
  • Water Source Public

Property Information

  • Building Area Source Public Records
  • Living Area 3,484
  • Lot Size Square Feet 10,890
  • Lot Size Units Acres
  • Square Feet3,484

Amenities

  • Other AmenitiesBasement

Legal

  • ZoningR1

Other

  • Date Listed05/18/2026
  • Farm Land Area Units Square Feet

Map Location

Driving Directions

Listed by Herrick Lutts Realty Partners of Herrick Lutts Realty Partners

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