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83 Holten St 5 Unit Apartment Building $1,650,000 ($330,000/Unit) 5.64% Cap Rate Danvers, MA 01923
Executive Summary
Excellent investment opportunity at 83 Holten Street in Danvers! Built in 2011, this well-maintained 5-unit multifamily property consists of five spacious one-bedroom apartments offering modern finishes and comfortable living. Each unit features stainless steel appliances, granite countertops, forced hot-air heating, and central air conditioning. Two units include private garage parking, while the remaining units share eight additional exterior parking spaces—a major convenience for tenants. The property has been meticulously maintained, with immaculate units and a newer construction profile that sets it apart from many traditional multifamily properties. Ideally located in Danvers with convenient access to major highways, shopping, restaurants, and area amenities. A strong opportunity for investors looking to add a quality, low-maintenance multifamily asset to their portfolio.
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
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
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 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,650,000 | Building Class | C |
| Price Per Unit | $330,000 | Lot Size | 0.20 AC |
| Sale Type | Investment | Building Size | 3,809 SF |
| Cap Rate | 5.64% | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2011 |
| Property Subtype | Apartment | Parking Ratio | 2.63/1,000 SF |
| Zoning | C1A | ||
| Price | $1,650,000 |
| Price Per Unit | $330,000 |
| Sale Type | Investment |
| Cap Rate | 5.64% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 3,809 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2011 |
| Parking Ratio | 2.63/1,000 SF |
| Zoning | C1A |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Washer/Dryer
- Heating
- Eat-in Kitchen
- Granite Countertops
- Hardwood Floors
- Refrigerator
- Stainless Steel Appliances
- Basement
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | - | 3,809 |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | DANV-000050-000000-000184 | Total Assessment | $1,255,200 |
| Land Assessment | $312,800 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $942,400 | Tax Year | 2025 |
Property Taxes
Parcel Number
DANV-000050-000000-000184
Land Assessment
$312,800
Improvements Assessment
$942,400
Total Assessment
$1,255,200
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Contact the Sale Advisor
83 Holten St