Historic Two-Family
For Sale
$1,295,001
14 Poplar, Danvers, MA 01923
Legal two-family property with an attached 2-bedroom cottage and a three-story barn on nearly one acre.
Property Size4,228 SF
Lot Size1.00 Acre
Price / SF$306.29
Days on Market53
Property Features for 14 Poplar
General Information
Standard status
Active
Size
4,228 SF
Lot size
1.00 Acre
Property subtype
Multi-Family
Additional Details
Road Access
Yes
Building Details
Building Size
4,228 SF
Year Built
1848
Construction
Georgian brick
Listing Agency:
Castlearch Property Advisors
(978) 578-5013
Listed By:
Chris Bernier
(978) 578-5013
Source:
Churchillprop
Added: Jun 8
Changed: Jul 25
Last Checked: Jul 30 at 2:55AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Castlearch Property Advisors
Investment Insights
Based on property information with market context.
This historic Georgian brick estate includes a spacious main residence that is currently configured as a legal two-family. The home offers 5 bedrooms and 2 bathrooms, along with 3 fireplaces and a walk-up unfinished attic that provides additional expansion potential.
The property has dual access from both Poplar Street and Winthrop Street. It also includes an attached 2-bedroom cottage, supporting flexible living arrangements or rental income potential, and a substantial three-story barn suitable for storage, workshop space, or additional living space.
Set on nearly one acre, the overall site presents multiple structures and residential units in a single offering.
The property has dual access from both Poplar Street and Winthrop Street. It also includes an attached 2-bedroom cottage, supporting flexible living arrangements or rental income potential, and a substantial three-story barn suitable for storage, workshop space, or additional living space.
Set on nearly one acre, the overall site presents multiple structures and residential units in a single offering.
Key Highlights
- 1848 Georgian brick estate on nearly one acre of land with dual access from Poplar Street and Winthrop Street
- Main residence: 5 bedrooms, 2 bathrooms, and 3 fireplaces
- Walk‑up unfinished attic offers additional expansion potential
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $106.5k | $25.20 |
| − Vacancy | −$4.8k | −$1.13 |
| EGI | $101.8k | $24.07 |
| − OpEx | −$30.5k | −$7.22 |
| NOI | $71.2k | $16.85 |
4,228 SF · lease $25.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.02M
$890.3K – $1.19M
NOI $71,226 @ 7.0% cap · market cap 5.50%
Second Best
Apartment 5plus
$918.5K
$803.7K – $1.07M
NOI $64,293 @ 7.0% cap · market cap 4.96%
Theoretical Best
Office A
$2.50M
$2.19M – $2.92M
NOI $175,207 @ 7.0% cap · market cap 13.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
731
Businesses Nearby
Explore this area
Business Placement
Demographics for 01923, MA
27,987
Population
11,405
Households
2.5
Avg Household Size
46
Median Age
47%
College-Educated
95%
High-School Grad
13.2 sq mi
ZIP Area
2,120
Density / Sq Mi
$117,072
Median Household Income
$59,916
Median Earnings
$2,004
Median Rent
$611,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Legal two-family property with an attached 2-bedroom cottage and a three-story barn on nearly one acre.
Where is this duplex located?
The property is located at 14 Poplar Danvers, MA.
What is the asking price?
The asking price for this property is $1,295,001.
What are key features of this property?
This property features: 1848 Georgian brick estate on nearly one acre of land with dual access from Poplar Street and Winthrop Street; Main residence: 5 bedrooms, 2 bathrooms, and 3 fireplaces; Walk‑up unfinished attic offers additional expansion potential
