Danvers, MA Multifamily Properties for Sale

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Updated: Jun 24

Quadplex with River Views

39 Needham Rd, Danvers, MA 01923

$1,200,000

3,704 sqft

3,704 SF quadplex with four residential units
Three of four units are currently vacant
Two separate garage bays
Overlooks the Crane River
Built in 1920

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This listing looks promising.

Here's a quick look at some key insights for

39 Needham Rd, Danvers, MA 01923

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Est. Cap Rate

5.2%
NOI ÷ price
Est. NOI

$62K
Annual
Price @ 7% Cap

$891K
Suggested
Property Type

Apartments (Generic)
Built 1920

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Updated: Jul 25

Renovated Duplex with Separate Entrances

162 High Street, Danvers, MA 01923

$1,439,995

3,890 sqft

3,890‑square‑foot duplex with two townhouse‑style units
Private entrances provide separation between residences
First‑floor primary suites with tiled‑shower baths
Quartz kitchens with new appliances, gas cooking, and wet bars with wine refrigerators
Separated climate‑controlled walk‑up attics and walk‑in basements

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Renovated Duplex with Separate Entrances

162 High St, Danvers, MA 01923

$1,438,995

3,890 sqft

Two townhouse-style residences offer flexible layouts, upgraded finishes, private access, and substantial storage across the property.

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Five-Unit Multifamily Corner Property

23 Poplar St, Danvers, MA 01923

$1,525,000

3,653 sqft

Corner-lot five-unit multifamily with off-street parking and common laundry, offering a mix of 2BD/1BA and 1BD/1BA units.

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Updated Two-Duplex Multifamily Property

130 Pine St, Danvers, MA 01923

$1,395,000

3,484 sqft

Two separate residential buildings offer updated apartments, in-unit laundry, stainless steel appliances, and off-street parking.

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Triplex with Townhouse-Style Upper Unit

147 High Street, Danvers, MA 01923

$1,100,000

3,025 sqft

Three-unit property with an occupied studio, two vacant apartments, and flexible owner-occupant or investment use.

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Four-Unit Mixed-Use Building

15 Cherry St, Danvers, MA 01923

Contact for pricing

4,645 sqft

Four total units combine two first-floor commercial spaces with two residential apartments above.

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Approved Mixed-Use Development

61 High Street, Danvers, MA 01923

$1,300,000

Planned project combines residential homes with street-level commercial space, elevator access, fitness facilities, and covered resident parking.

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Five-Unit Apartment Building

23 Hyde St, Danvers, MA 01923

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5,268 sqft

Multifamily property with a varied unit mix and off-street parking near commuter routes, shopping, dining, and retail amenities.

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Two-Family Residential Income Home

31 Bates St, Danvers, MA 01923

$949,900

Immaculately maintained two-family residence with two separate units, central air, and in-unit laundry.

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Mixed-Use Property in Downtown Danvers

15 Cherry St 21,22,23,24, Danvers, MA 01923

$1,390,000

0.10 AC lot

Well-maintained mixed-use property with commercial and residential units.

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Approved Mixed-Use Development

61 High St, Danvers, MA 01923

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Approved project combines seven market-rate residences, one affordable unit, and street-level commercial space.

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Based on your search, we've compiled 20 Potential Opportunities for your consideration. Besides 12 Active listings in Danvers, MA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 4 Off-Market properties to explore as potential leads

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Duplex Home with Garage

463 Elliott St, Beverly, MA 01915

$794,000

1,864 sqft 0.24 AC lot

Two-unit property on a corner lot with separate driveways, private entrances, and flexible owner-occupant or investment use.

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Corner-Lot Duplex with Garage

463 Elliott St, Beverly, MA 01915

$794,000

1,864 sqft

Two separate driveways and private entrances support flexible occupancy.

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Two-Family Home with Attached Garage

33 Warren St, Peabody, MA 01960

$899,000

Well-maintained fully occupied 2-family home with attached garage, fenced side yard, and off-street parking.

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Approved Condominium Development Opportunity

55 Pulaski St, Peabody, MA 01960

$3,250,000

Approved 22-unit condominium project near Route 114 in Peabody.

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Off-Market Properties in Danvers, MA

Consider similar Off-Market properties in Danvers, MA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

BOARDING/ROOMING HOUSE

44 Summer St, Danvers, MA 01923-1574

$1,100,000

Estimated value

26,231 sqft 2.23 AC lot

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BOARDING/ROOMING HOUSE

50 Endicott St, Danvers, MA 01923-4814

$40,975,000

Estimated value

158,572 sqft 10.00 AC lot

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BOARDING/ROOMING HOUSE

1 Veronica Dr, Danvers, MA 01923-5213

$5,890,000

Estimated value

34,006 sqft 2.11 AC lot

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BOARDING/ROOMING HOUSE

9 Summer St, Danvers, MA 01923-1558

$10,380,000

Estimated value

62,130 sqft 5.83 AC lot

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Danvers, MA Multifamily Properties Market Trends and Statistics

Explore 16 multifamily properties for sale in Danvers, MA, showcased through 12 active listings on our real estate platform. These investment opportunities span a total of 31,559 square feet of properties for sale, with an estimated market value of $11,738,890.

Sale prices for multifamily properties in Danvers, MA start at $949,900, averaging $1,304,321, and reaching up to $1,525,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 28K

Population Growth (5Y) +1.2%

Median Household Income $117,072

College Educated 64.4%

High-Yield Neighborhoods for Investment

Identify Danvers submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
01923	$1.1M

Taxes & Financing

Tax Rate (average for all types) 1.77%

Property Tax per SF $14.21 per SF

Tax Rate vs County Average 0.06 pp above county avg

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Essex County

New Delisted

Total CRE Inventory on Market (SF)

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