23 Poplar St, Danvers, MA 01923
- $1,525,000
- 7
- BD
- 5
- BA
- 3,653
- SqFt
Listing courtesy of Listing Agent: The Pizzo Group from Listing Office: Aluxety.
- List Price
- $1,525,000
- Status
- ACTIVE
- Days on Market
- 29
- MLS#
- 73543444
- Subtype
- Residential Income
- Year Built
- 1900
- Bedrooms
- 7
- Bathrooms
- 5
- Full Baths
- 5
- Living Area
- 3,653
- Lot Size
- 8,058
- Acres
- 0.18
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.
Additional Information
- Interior Features
- Bathroom With Tub & Shower, Bathroom with Shower Stall, Kitchen, Office/Den, Living Room
- Exterior Features
- Balcony, Rain Gutters
- Taxes
- $10,297
- Zoning
- R1
- Flooring
- Tile, Carpet, Hardwood, Wood
- Appliances
- Washer, Dryer, Range, Refrigerator, Dishwasher
- Heating
- Hot Water, Natural Gas
- Air Conditioning
- None
- Exterior Features
- Frame
- Stories
- 5
- Levels
- 5
- Foundation
- Stone, Brick/Mortar
- Parking Features
- Paved Drive, Off Street, Paved
- High School
- Danvers High School
- Waterfront Features
- Ocean, 1 to 2 Mile To Beach, Beach Ownership(Public)
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