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130 Pine St 4 Unit Apartment Building Offered at $1,400,000 Danvers, MA 01923
Executive Summary
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.
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.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$108,540
|
$31.15
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$5,427
|
$1.56
|
| Effective Gross Income |
$103,113
|
$29.60
|
| Taxes |
$9,434
|
$2.71
|
| Operating Expenses |
$17,967
|
$5.16
|
| Total Expenses |
$27,401
|
$7.86
|
| Net Operating Income |
$75,712
|
$21.73
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $108,540 |
| Annual Per SF | $31.15 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $5,427 |
| Annual Per SF | $1.56 |
| Effective Gross Income | |
|---|---|
| Annual | $103,113 |
| Annual Per SF | $29.60 |
| Taxes | |
|---|---|
| Annual | $9,434 |
| Annual Per SF | $2.71 |
| Operating Expenses | |
|---|---|
| Annual | $17,967 |
| Annual Per SF | $5.16 |
| Total Expenses | |
|---|---|
| Annual | $27,401 |
| Annual Per SF | $7.86 |
| Net Operating Income | |
|---|---|
| Annual | $75,712 |
| Annual Per SF | $21.73 |
Property Facts
| Price | $1,400,000 | Building Size | 3,484 SF |
| Price Per Unit | $350,000 | Average Occupancy | 100% |
| Sale Type | Investment | No. Stories | 2 |
| No. Units | 4 | Year Built | 1900 |
| Property Type | Multifamily |
| Price | $1,400,000 |
| Price Per Unit | $350,000 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Building Size | 3,484 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1900 |
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | DANV-000050-000000-000122 | Total Assessment | $842,700 |
| Land Assessment | $318,400 | Annual Taxes | $9,434 ($2.71/SF) |
| Improvements Assessment | $524,300 | Tax Year | 2025 |
Property Taxes
Parcel Number
DANV-000050-000000-000122
Land Assessment
$318,400
Improvements Assessment
$524,300
Total Assessment
$842,700
Annual Taxes
$9,434 ($2.71/SF)
Tax Year
2025
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130 Pine St
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