Historic Georgian Brick Two-Family
14 Poplar Danvers, MA 01923
14 Poplar, Danvers, MA, 01923
$1,395,000
For Sale
$1,395,000
1848 brick estate with a legal two-family setup, attached 2-bedroom cottage, and three-story barn with dual street access.
Property Size4,228 SF
Lot Size1.00 Acre
Price / SF$329.94
Days on Market66
Property Features for 14 Poplar
General Information
- Standard status
- Active
- Size
- 4,228 SF
- Lot size
- 1.00 Acre
- Property subtype
- Multi-family
Building Details
- Year Built
- 1848
Listing agency
Little & Co.,REALTORS
Listed by
Francesca Little
(781) 233-1401
Source
Littlefieldre
Added: May 17 Updated: Jul 20 at 11:49PM Checked: Jul 21 at 9:17AM
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 Little & Co.,REALTORS
Investment Insights
Based on property information with market context.
Set on nearly one acre at 14 Poplar in Danvers, this 1848 Georgian brick estate offers a legally configured two-family arrangement with additional onsite outbuildings. The spacious main residence features 5 bedrooms, 2 bathrooms, and 3 fireplaces, along with a walk-up unfinished attic that offers room for further expansion. An attached 2-bedroom cottage adds flexibility for multigenerational living or rental use, and a substantial three-story barn provides extra space suitable for storage, workshop use, or additional living area.
The property has dual access from Poplar Street and Winthrop Street, supporting straightforward approaches to both daily entry and potential reconfiguration within the existing footprint.
The property has dual access from Poplar Street and Winthrop Street, supporting straightforward approaches to both daily entry and potential reconfiguration within the existing footprint.
Key Highlights
- Built in 1848, Georgian brick estate with dual access from Poplar Street and Winthrop Street
- Main residence offers 5 bedrooms, 2 bathrooms, and 3 fireplaces
- Configured as a legal two‑family with a walk‑up unfinished attic for future expansion
Local 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 5.11%
Second Best
Apartment 5plus
$918.5K
$803.7K – $1.07M
NOI $64,293 @ 7.0% cap · market cap 4.61%
Theoretical Best
Office A
$2.50M
$2.19M – $2.92M
NOI $175,207 @ 7.0% cap · market cap 12.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - 1848 brick estate with a legal two-family setup, attached 2-bedroom cottage, and three-story barn with dual street access.
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 $1,395,000.
What are key features of this property?
This property features: Built in 1848, Georgian brick estate with dual access from Poplar Street and Winthrop Street; Main residence offers 5 bedrooms, 2 bathrooms, and 3 fireplaces; Configured as a legal two‑family with a walk‑up unfinished attic for future expansion
