130 Ctr St Danvers, MA 01923-1400
Property profile & analytics
130 Ctr St Danvers, MA 01923-1400
- Investment properties
- 2.65 lot acres
Property ID
US38-0935110
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Runway Lashes & Makeup / Hair Salon
- Hanson Mark S PhD / Physician / Medical Clinic
- Premier Painting Inc. / Painting Service / General Contractor
- Weiner Howard / Physician / Medical Clinic
- Erin Murphy Inc / Accounting Firm / Tax Preparation
Property Details for 130 Ctr St
- Lot size
- 2.65 lot acres
- Zone code
- VD
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- DANV M:040 L:033 P:
- APU
- DANVM040L033P
Description
Wadsworth Village, located at 130 Centre St, Danvers, MA 01923, presents a compelling mixed-use investment opportunity. This fee-simple property encompasses seven buildings on a 2.65-acre lot, totaling 40,070 square feet with 29,708 square feet of net rentable area. The property boasts 49 units, including 37 office units, one 2-bedroom/1.5-bathroom unit, four 2-bedroom/1-bathroom units, six 1-bedroom/1-bathroom units, and one studio unit. Built between 1820 and 2004, the three-story buildings have undergone capital improvements, with many residential units featuring modern upgrades like hardwood floors, granite countertops, and in-unit laundry. The property enjoys a prime location in a desirable Danvers neighborhood, offering excellent access to major transportation routes (I-95 and US Route 1), public transportation (MBTA Bus Routes 435 and 436), and a wealth of nearby amenities including major shopping centers (Liberty Tree Mall, North Shore Mall), retail giants (Costco, Home Depot, Walmart), and grocery stores (Stop & Shop, Trader Joe's). The property's strong suburban demographics, with over 56,300 people within 3 miles and an average household income exceeding $145,000, further enhance its investment appeal. The asking price is $5,100,000, representing a price per square foot of $172 and a price per unit of $104,082. The property's strong NOI of $351,175 translates to a 6.89% cap rate, indicating significant potential for value appreciation and strong investment returns. Development potential exists through the construction of additional buildings or the conversion of office units to residential units. This well-maintained property offers a unique blend of immediate income and long-term growth potential in a thriving North Shore location.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $3,635,000
- ML approach
- $4,215,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Danvers
- County
- Essex
- State
- Massachusetts
- Longitude
- -70.9697
- Latitude
- 42.5664
- CBSA code
- 14460
- CBSA name
- BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$0.00
$1,732,000
$2,328,900
$4,060,900
-
$0.00
$0.00
$0.00
