Duplex with Attached
New
For Sale
$899,900
184 Centre St., Danvers, MA 01923
Two connected living areas include separate kitchens and a private outdoor setting with an in-ground pool.
Property Size3,081 SF
Price / SF$292.08
Days on Market2
Property Features for 184 Centre St.
General Information
Standard status
Active
Size
3,081 SF
Total Parking Spaces
10
Property subtype
Residential Income
Zoning
R3
Units
Unit Mix
1 x 3BR/1BA, 1 x 1BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,275
Amenities
pool
fire pit
garage
skylights
Building Details
Building Size
3,081 SF
Year Built
1920
Buildings
1
Listing Agency:
Lyv Realty
Listed By:
Angela Hirtle
(617) 771-1639
Source:
413realestate
Added: Oct 24
Last Checked: Oct 24 at 1:56PM
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 Lyv Realty
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Investment Insights
Based on property information with market context.
Built in 1920, this duplex pairs a three-bedroom main residence with an attached apartment featuring one bedroom, two full bathrooms, and its own kitchen. The main home has an open layout, vaulted ceilings, skylights, floor-to-ceiling windows, and a stone fireplace. Original beams and stable elements remain from the building’s earlier use as a barn.
The property also includes an in-ground pool, a fire pit, garden areas, and a circular driveway. Located on Centre Street in Danvers, the property has a custom-sized garage.
The property also includes an in-ground pool, a fire pit, garden areas, and a circular driveway. Located on Centre Street in Danvers, the property has a custom-sized garage.
Key Highlights
- Main residence has 3 bedrooms and 1 full bathroom
- Attached apartment includes 1 bedroom, 2 full bathrooms, and a second kitchen
- Built in 1920 with original beams and stable structure
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,903
Cap Rate
5.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,038,060
$1.0M
Cap Rate 7%
$741,471
$741.5K
Cap Rate 9%
$576,700
$576.7K
Market Conditions
NOI Build-Up for 3,081 SF
Gross rent
$77.6K $25.20/SF
− Vacancy
−$3.5K −$1.13/SF
EGI
$74.1K $24.07/SF
− OpEx
−$22.2K −$7.22/SF
NOI
$51.9K $16.85/SF
Area
Essex County, MA
Vacancy
4.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,038,060
Cap Rate 7%
$741,471
Cap Rate 9%
$576,700
Alternative Uses
Best Use
Multifamily LT 5
$741.5K
$648.8K – $865.1K
NOI $51,903 @ 7.0% cap · market cap 5.77%
Second Best
Apartment 5plus
$669.3K
$585.6K – $780.9K
NOI $46,851 @ 7.0% cap · market cap 5.21%
Theoretical Best
Office A
$1.82M
$1.60M – $2.13M
NOI $127,676 @ 7.0% cap · market cap 14.19%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
574
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two connected living areas include separate kitchens and a private outdoor setting with an in-ground pool.
Where is this duplex located?
The property is located at 184 Centre St. Danvers, MA.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: Main residence has 3 bedrooms and 1 full bathroom; Attached apartment includes 1 bedroom, 2 full bathrooms, and a second kitchen; Built in 1920 with original beams and stable structure
