39 Needham Rd - Apartments FOR SALE


Danvers, MA 01923
$1,200,000 USD
978-968-0308
39 Needham Rd, Danvers, MA for Sale
$1,200,000 USD
Apartments - FOR SALE
1/4
null | Request Cap Rate

39 Needham Rd
Danvers, MA 01923


OVERVIEW

Exceptional owner-occupant or investment opportunity overlooking the Crane River. This four-family property offers a rare combination of rental income, owner-occupant flexibility, and scenic water views. Currently, three of the four residential units are vacant and ready for immediate occupancy, providing an ideal setup for an owner-occupant seeking rental income or an investor looking to lease at current market rates.The property features two separate garage bays and a desirable setting overlooking the Crane River. Conveniently located near downtown Danvers, shopping, restaurants, schools, and major commuter routes including Routes 1, 95, and 128.With multi-family inventory remaining limited in Danvers, opportunities like this are increasingly difficult to find. Whether you're looking to live in one unit while collecting rental income from the others or add a well-located asset to your investment portfolio, 39 Needham Road presents exceptional value and long-term potential.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$324 USD /SF

# OF UNITS

4

PRICE/UNIT

$300,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

16,117 SF

ZONING

R1

APN/PARCEL ID

DANV-000064-000000-000019

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.