23 Hyde St - Apartments FOR SALE


Danvers, MA 01923- Danvers MA
$1,750,000 USD
978-968-0308
23 Hyde St, Danvers, MA for Sale
$1,750,000 USD
Apartments - FOR SALE
1/20
null | Request Cap Rate

23 Hyde St
Danvers, MA 01923
Danvers MA


OVERVIEW

23 Hyde Street presents a well-located five-unit multifamily investment opportunity in Danvers. The property consists of a total of five residential units, including four 1-bedroom, 1-bath apartments and one 2-bedroom, 1-bath unit, offering a desirable and efficient unit mix that appeals to a broad tenant base. The asset benefits from ample off-street parking, enhancing tenant convenience and overall marketability. Strategically positioned near major commuter routes, the property provides easy access to surrounding North Shore communities and is just minutes from shopping centers, dining, and retail amenities. Its strong location supports consistent rental demand and long-term stability. This offering represents an attractive opportunity for investors seeking a stabilized asset with the potential to further increase revenue through rental growth and operational efficiencies in a high-demand rental market.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$332 USD /SF

# OF UNITS

5

PRICE/UNIT

$350,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1895

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.56 AC

LAND SF

24,598 SF

ZONING

Residential 1

APN/PARCEL ID

DANV-000057-000000-000136

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.