Two-Family Residential Income
17 Charles Street Danvers, MA 01923
17 Charles Street, Danvers, MA, 01923
$785,000
For Sale
$785,000
Well-located two-family home offering separate living areas, suited for owner occupancy or rental income.
Property Size2,383 SF
Price / SF$329.42
Days on Market56
Property Features for 17 Charles Street
General Information
- Standard status
- Active
- Size
- 2,383 SF
- Property subtype
- Multi-family / 2 Family - 2 Units Up/Down
Building Details
- Year Built
- 1870
Listing agency
Five Mark Realty Group LLC
(978) 539-7335
Listed by
Charleen McCarthy · License #9540317
(978) 539-7335
Source
Compass
Added: May 29 Updated: Jul 22 at 4:22PM Checked: Jul 22 at 4:22PM
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 Five Mark Realty Group LLC
Investment Insights
Based on property information with market context.
17 Charles Street is a two-family residential income property offering separate units with spacious living areas and functional layouts. The home has been family-occupied and is positioned as a strong foundation for a new owner, with opportunities for renovation, customization, or value-add improvements.
The property is described as being close to downtown Danvers and within reach of the rail trail, shopping, restaurants, parks, schools, and major commuter routes, supporting convenient day-to-day access.
For buyers seeking flexibility, the configuration allows for living in one unit while generating rental income from the other.
The property is described as being close to downtown Danvers and within reach of the rail trail, shopping, restaurants, parks, schools, and major commuter routes, supporting convenient day-to-day access.
For buyers seeking flexibility, the configuration allows for living in one unit while generating rental income from the other.
Key Highlights
- Two‑family home at 17 Charles Street with separate living areas for owner‑occupancy or rental income
- Full unfinished basement with interior access and concrete/dirt flooring
- 2 total bathrooms (2 full baths) serving both units
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 | $60.1k | $25.20 |
| − Vacancy | −$2.7k | −$1.13 |
| EGI | $57.3k | $24.07 |
| − OpEx | −$17.2k | −$7.22 |
| NOI | $40.1k | $16.85 |
2,383 SF · lease $25.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$573.5K
$501.8K – $669.1K
NOI $40,144 @ 7.0% cap · market cap 5.11%
Second Best
Apartment 5plus
$517.7K
$453.0K – $604.0K
NOI $36,237 @ 7.0% cap · market cap 4.62%
Theoretical Best
Office A
$1.41M
$1.23M – $1.65M
NOI $98,751 @ 7.0% cap · market cap 12.58%
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 - Well-located two-family home offering separate living areas, suited for owner occupancy or rental income.
Where is this duplex located?
The property is located at 17 Charles Street Danvers, MA.
What is the asking price?
The asking price for this property is $785,000.
What are key features of this property?
This property features: Two‑family home at 17 Charles Street with separate living areas for owner‑occupancy or rental income; Full unfinished basement with interior access and concrete/dirt flooring; 2 total bathrooms (2 full baths) serving both units
