3-Unit Residential
For Sale
$995,000
Pending
27 Holten St, Danvers, MA 01923
Three separate apartments offer varied layouts, individual heating systems, and a mix of occupied and vacant units.
Property Size2,547 SF
Days on Market11
Property Features for 27 Holten St
General Information
Standard status
Pending
Size
2,547 SF
Total Parking Spaces
6
Property subtype
Residential Income
Zoning
R1
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 1BR, 2 x 2BR
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$8,695
Amenities
deck
skylight
basement storage
Living Room
Dining Room
Kitchen
Office/Den
Building Details
Building Size
2,547 SF
Year Built
1965
Buildings
1
Stories
3
Units
3
Listing Agency:
Keller Williams Realty Evolution
(978) 887-3995
Listed By:
Dennis Marks
(978) 337-6196
Source:
Bostoniaproperties
Added: Oct 19
Changed: Oct 25
Last Checked: Oct 26 at 3:35AM
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
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Investment Insights
Based on property information with market context.
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. Upstairs, the second-floor apartment has two bedrooms and an open living and dining area; the third-floor unit includes two bedrooms, an open kitchen and living space, and a skylight. Each apartment has its own heating system.
The property sits on a corner lot in Danvers, near downtown, shopping, restaurants, schools, commuter routes, and public transportation. City water and sewer serve the building. A full basement with interior access, concrete flooring, and tenant storage adds utility, while the paved driveway provides 6 off-street parking spaces.
Units 1 and 2 have month-to-month tenants, and unit 3 is vacant. The property was built in 1965 and is zoned R1.
The property sits on a corner lot in Danvers, near downtown, shopping, restaurants, schools, commuter routes, and public transportation. City water and sewer serve the building. A full basement with interior access, concrete flooring, and tenant storage adds utility, while the paved driveway provides 6 off-street parking spaces.
Units 1 and 2 have month-to-month tenants, and unit 3 is vacant. The property was built in 1965 and is zoned R1.
Key Highlights
- 2,547 square feet with 13 rooms, 5 bedrooms, and 3 full bathrooms
- Three apartments; units 1 and 2 have month‑to‑month tenants, while unit 3 is vacant
- Separate heating system for each apartment
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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Open Analytics
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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three separate apartments offer varied layouts, individual heating systems, and a mix of occupied and vacant units.
Where is this triplex located?
The property is located at 27 Holten St 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; units 1 and 2 have month‑to‑month tenants, while unit 3 is vacant; Separate heating system for each apartment
