Two-Family Residential Income
20 Central Avenue Danvers, MA 01923
20 Central Avenue, Danvers, MA, 01923
$765,500
For Sale
$765,500
Two-unit home features a first-floor 1-bedroom and a second/third-floor 3-bedroom layout plus a detached garage.
Property Size1,740 SF
Price / SF$439.94
Days on Market174
Property Features for 20 Central Avenue
General Information
- Standard status
- Active
- Size
- 1,740 SF
- Property subtype
- Multi-family / 2 Family
Building Details
- Year Built
- 1920
Listing agency
RE/MAX Heritage
(203) 254-7555
Listed by
Kathy Mak · License #9580827
(203) 254-7555
Source
Compass
Added: Jan 28 Updated: Jul 21 at 1:57AM Checked: Jul 21 at 8:22AM
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 RE/MAX Heritage
Investment Insights
Based on property information with market context.
This two-family residential income property offers two separate units within a single building configuration. The first-floor unit includes one bedroom and one bathroom. The second-floor unit has three bedrooms and one bathroom, and it spans into the third floor.
A detached garage provides convenient parking for the property.
The layout supports either owner-occupancy or rental use, with distinct bedroom and bathroom counts by unit.
A detached garage provides convenient parking for the property.
The layout supports either owner-occupancy or rental use, with distinct bedroom and bathroom counts by unit.
Key Highlights
- Two‑family home built in 1920 with a 1‑bedroom/1‑bath first‑floor unit and a 3‑bedroom/1‑bath second/third‑floor unit.
- Detached garage for convenient parking.
- Insulated windows help support energy efficiency.
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 | $43.8k | $25.20 |
| − Vacancy | −$2.0k | −$1.13 |
| EGI | $41.9k | $24.07 |
| − OpEx | −$12.6k | −$7.22 |
| NOI | $29.3k | $16.85 |
1,740 SF · lease $25.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$418.7K
$366.4K – $488.5K
NOI $29,312 @ 7.0% cap · market cap 3.83%
Second Best
Apartment 5plus
$378.0K
$330.7K – $441.0K
NOI $26,459 @ 7.0% cap · market cap 3.46%
Theoretical Best
Office A
$1.03M
$901.3K – $1.20M
NOI $72,105 @ 7.0% cap · market cap 9.42%
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 - Two-unit home features a first-floor 1-bedroom and a second/third-floor 3-bedroom layout plus a detached garage.
Where is this duplex located?
The property is located at 20 Central Avenue Danvers, MA.
What is the asking price?
The asking price for this property is $765,500.
What are key features of this property?
This property features: Two‑family home built in 1920 with a 1‑bedroom/1‑bath first‑floor unit and a 3‑bedroom/1‑bath second/third‑floor unit.; Detached garage for convenient parking.; Insulated windows help support energy efficiency.
