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.
- Basement:
- Full, Walk-out Access
- Parking:
- Paved Drive
- Sewer:
- Public Sewer
- Water:
- Public
- Disclosure
- Garage Parking
- Lead Paint:
- Unknown
- Market Time:
- 1
- Parking Spaces:
- 6
- Tax Year:
- 2025
- Status:
- Active
- Price Per Sqft:
- $416
- Zoning:
- R1
- No Units:
- 4
- Orig Price:
- $1,450,000
- LEASE:
- Yes
- Waterfront:
- No
- MlsStatus:
- New
- City:
- Danvers
- State:
- MA
- County:
- Essex
- Postal Code:
- 01923
- Longitude:
- W71° 3' 3.6''
- Latitude:
- N42° 33' 40.2''
Residential Income
130 Pine St, Danvers, Massachusetts
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Price :
- $1,450,000
- Bedrooms :
- 5
- Rooms :
- 14
- Total Bathrooms :
- 4.5
- Full Bathrooms :
- 4
- Half Bathrooms :
- 1
- Square Footage :
- 3,484 Sqft
- Year Built :
- 1900
- Lot Area :
- 0.25 Acre
- Listing ID :
- 73520588
- Stephen E. Robb
- View website
- 617-212-0251
-
srobb@robbenterprises.com