23 Poplar St - Multi-Family FOR SALE


Danvers, MA 01923- Danvers MA
$1,525,000 USD
978-317-6139
23 Poplar St, Danvers, MA for Sale
$1,525,000 USD
Multi-Family - FOR SALE
1/36
null | 5.25% Cap Rate

23 Poplar St
Danvers, MA 01923
Danvers MA


HIGHLIGHTS

  • Ample off-street parking with two spaces per unit
  • Coin operated in-building laundry
  • Updated kitchens and renovated bathrooms
  • Two units with private exterior entrances
  • Corner lot in a popular and accessible location

OVERVIEW

5-unit multifamily situated on a corner lot with approximately 3,653 square feet of living area, consisting of two 2BD/1BA and three 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 coin operated 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.

FOR SALE DETAILS

PRICE

$1,525,000 USD

PRICE/SF

$417 USD /SF

# OF UNITS

5

PRICE/UNIT

$305,000

CAP RATE

5.25%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

23 Poplar Street

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

R1

APN/PARCEL ID

DANV-000043-000000-000128

ASK ABOUT THIS PROPERTY

Henry PizzoAluxetyMore Info
978-317-6139

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Henry PizzoAluxetyMore Info
978-317-6139

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