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39 Needham Rd 4 Unit Apartment Building $1,200,000 ($300,000/Unit) Danvers, MA 01923



Executive Summary
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.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $1,200,000 | Apartment Style | Low-Rise |
| Price Per Unit | $300,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.37 AC |
| No. Units | 4 | Building Size | 3,704 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1920 |
| Zoning | R1 | ||
| Price | $1,200,000 |
| Price Per Unit | $300,000 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.37 AC |
| Building Size | 3,704 SF |
| No. Stories | 2 |
| Year Built | 1920 |
| Zoning | R1 |
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Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | DANV-000064-000000-000019 | Improvements Assessment | $523,900 |
| Land Assessment | $344,700 | Total Assessment | $868,600 |
Property Taxes
Parcel Number
DANV-000064-000000-000019
Land Assessment
$344,700
Improvements Assessment
$523,900
Total Assessment
$868,600
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39 Needham Rd
