130 Pine St - Apartments FOR SALE


Danvers, MA 01923- Danvers MA
$1,500,000 USD
978-968-0308
130 Pine St, Danvers, MA for Sale
$1,500,000 USD
Apartments - FOR SALE
1/24
null | Request Cap Rate

130 Pine St
Danvers, MA 01923
Danvers MA


OVERVIEW

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-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.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$431 USD /SF

# OF UNITS

4

PRICE/UNIT

$375,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,706 SF

ZONING

R1

APN/PARCEL ID

DANV-000050-000000-000122

ASK ABOUT THIS PROPERTY

Nick ZolotasHerrick Lutts Realty PartnersMore Info
978-968-0308

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Nick ZolotasHerrick Lutts Realty PartnersMore Info
978-968-0308

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.