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39 Needham Rd
Danvers, MA 01923
Multifamily Property For Sale · 4 Units

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.

Property Facts

Price Per Unit $300,000
Sale Type Investment
Cap Rate 2.50%
No. Units 4
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Apartments
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

Property Taxes

Property Taxes

Parcel Number
DANV-000064-000000-000019
Land Assessment
$344,700
Improvements Assessment
$523,900
Total Assessment
$868,600
  • Listing ID: 41074686

  • Date on Market: 6/26/2026

  • Last Updated:

  • Address: 39 Needham Rd, Danvers, MA 01923

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