Triplex with Individual Heating
For Sale
$995,000
Pending
27 Holten St, Danvers, MA 01923
Residential Income, Danvers, MA
Property Size2,547 SF
Lot Size0.32 Acres
Days on Market23
Property Features for 27 Holten St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R1
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 4, Bedroom 5, Bathroom 3, Bedroom 2, Bedroom 3, Bathroom 2, Bathroom 1, Bedroom 1
Parking
6
Directions
Rt 1 to Centre St to Holten St or use GPS.
Standard status
Pending
APN
1879361
Size
2,547 SF
Lot size
0.32 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
8695
Amenities
deck
skylight
tenant storage
Building Details
Year built
1965
Floors in Building
3
Number of units
3
Listing Agency:
Keller Williams Realty Evolution
(978) 887-3995
Listed By:
Keller Williams Realty Evolution
Added: Oct 9
Changed: Oct 27
Last Checked: Oct 31 at 1:06PM
MLS# 73589103
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,547-square-foot triplex contains 13 rooms, five bedrooms and three full bathrooms across three apartments. The first-floor unit has one bedroom, a living room, office, dining area, kitchen and a deck. Upstairs, the second-floor apartment has two bedrooms and an open living and dining arrangement; the third-floor unit offers two bedrooms, an open kitchen and living space, and a skylight. Each apartment has an independent heating system.
Units 1 and 2 have month-to-month tenants, while Unit 3 is vacant. The property also includes a full basement with interior access, a concrete floor and tenant storage. City water and sewer serve the property, and a paved driveway provides six off-street parking spaces. The 0.3182-acre parcel is a corner lot in Danvers, Massachusetts, with R1 zoning.
Units 1 and 2 have month-to-month tenants, while Unit 3 is vacant. The property also includes a full basement with interior access, a concrete floor and tenant storage. City water and sewer serve the property, and a paved driveway provides six off-street parking spaces. The 0.3182-acre parcel is a corner lot in Danvers, Massachusetts, with R1 zoning.
Key Highlights
- 2,547 square feet with 13 rooms, 5 bedrooms and 3 full baths
- Three apartments; Units 1 and 2 are occupied month‑to‑month, and Unit 3 is vacant
- Independent heating system in each unit
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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Property Analytics
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Open Analytics
Lease Details
3
Residential units
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
937
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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Cap Rate, Value Estimation, Potential NOI and more
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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, including a first-floor deck and a skylit third-floor living area.
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 baths; Three apartments; Units 1 and 2 are occupied month‑to‑month, and Unit 3 is vacant; Independent heating system in each unit
