3-Unit Triplex with Off-Street
For Sale
$995,000
27 Holten Street, Danvers, MA 01923
Three separate apartments include a mix of one- and two-bedroom layouts, with individual heating systems.
Property Size2,547 SF
Price / SF$390.66
Days on Market10
Property Features for 27 Holten Street
General Information
Standard status
Active
Size
2,547 SF
Total Parking Spaces
6
Property subtype
Multi-family
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 1BR, 2 x 2BR
Multifamily Units
3
Building Details
Year Built
1965
Listing Agency:
Keller Williams Realty Evolution
Listed By:
Dennis Marks
(978) 887-3995
Source:
Stevebremis
Added: Oct 6
Changed: Oct 13
Last Checked: Oct 14 at 11:44PM
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 Keller Williams Realty Evolution
Investment Insights
Based on property information with market context.
Built in 1965, this 2,547-square-foot triplex contains 13 rooms, 5 bedrooms and 3 full bathrooms across three apartments. The first-floor unit has a bedroom, living room, office, dining area, kitchen and deck access. Two upper-level apartments each have 2 bedrooms; one features an open living and dining arrangement, while the other has an open kitchen and living area with a skylight. Each unit has a separate heating system. Units 1 and 2 have month-to-month tenants, and unit 3 is vacant.
The property sits on a corner lot in Danvers near downtown, shopping, restaurants, schools, commuter routes and public transportation. A paved driveway provides 6 off-street parking spaces. The full basement has interior access, a concrete floor and tenant storage. City water and sewer serve the property.
The property sits on a corner lot in Danvers near downtown, shopping, restaurants, schools, commuter routes and public transportation. A paved driveway provides 6 off-street parking spaces. The full basement has interior access, a concrete floor and tenant storage. City water and sewer serve the property.
Key Highlights
- 2,547 square feet with 13 rooms, 5 bedrooms and 3 full bathrooms
- Three apartments: one 1‑bedroom unit and two 2‑bedroom units
- Units 1 and 2 are occupied by month‑to‑month tenants; unit 3 is vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,907
Cap Rate
4.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$858,140
$858.1K
Cap Rate 7%
$612,957
$613.0K
Cap Rate 9%
$476,744
$476.7K
Market Conditions
NOI Build-Up for 2,547 SF
Gross rent
$64.2K $25.20/SF
− Vacancy
−$2.9K −$1.13/SF
EGI
$61.3K $24.07/SF
− OpEx
−$18.4K −$7.22/SF
NOI
$42.9K $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%
$858,140
Cap Rate 7%
$612,957
Cap Rate 9%
$476,744
Alternative Uses
Best Use
Multifamily LT 5
$613.0K
$536.3K – $715.1K
NOI $42,907 @ 7.0% cap · market cap 4.31%
Second Best
Apartment 5plus
$553.3K
$484.1K – $645.5K
NOI $38,731 @ 7.0% cap · market cap 3.89%
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,547 @ 7.0% cap · market cap 10.61%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
937
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Three separate apartments include a mix of one- and two-bedroom layouts, with individual heating systems.
Where is this triplex located?
The property is located at 27 Holten Street Danvers, MA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 2,547 square feet with 13 rooms, 5 bedrooms and 3 full bathrooms; Three apartments: one 1‑bedroom unit and two 2‑bedroom units; Units 1 and 2 are occupied by month‑to‑month tenants; unit 3 is vacant
