23 Poplar St Danvers, MA 01923
Estimated payment $9,095/month
Highlights
- Marina
- Property is near a beach
- Wood Flooring
- Medical Services
- Property is near public transit and schools
- Corner Lot
About This Home
Rare opportunity to acquire a 5-unit multifamily property in a popular and accessible Danvers location! Situated on a corner lot with approximately 3,653 square feet of living area, this income-producing asset consists of a desirable mix of five 2BD/1BA and 1BD/1BA units, generating approximately $119,000 in annual gross income. The property offers desirable tenant amenities including ample off-street parking with two spaces per unit and common laundry facilities. Several units feature updated kitchens, renovated baths, refreshed flooring, and spacious layouts, while the building retains much of its original character and charm. Two units have the added benefit of private exterior entrances. Located near downtown Danvers, shopping, restaurants, parks, commuter routes, and public transportation, this is an attractive addition to any investment portfolio. Strong in-place cash flow, stable tenancy, and future upside potential make this a compelling offering.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,297
Year Built
- Built in 1900
Lot Details
- 8,058 Sq Ft Lot
- Corner Lot
- Level Lot
Home Design
- Brick Foundation
- Stone Foundation
- Frame Construction
- Slate Roof
Interior Spaces
- 3,653 Sq Ft Home
- Living Room
- Home Office
Kitchen
- Range
- Dishwasher
Flooring
- Wood
- Carpet
- Tile
Bedrooms and Bathrooms
- 7 Bedrooms
- 5 Full Bathrooms
- Bathtub with Shower
- Separate Shower
Laundry
- Dryer
- Washer
Parking
- 10 Car Parking Spaces
- Driveway
- Paved Parking
- 10 Open Parking Spaces
- Off-Street Parking
Outdoor Features
- Property is near a beach
- Balcony
- Rain Gutters
- Porch
Location
- Property is near public transit and schools
Schools
- Danvers High School
Utilities
- No Cooling
- Heating System Uses Natural Gas
- Hot Water Heating System
Listing and Financial Details
- Rent includes unit 1(heat gas water), unit 2(heat gas water), unit 3(heat gas water), unit 4(heat gas water)
- Tax Lot 128
- Assessor Parcel Number 1877786
Community Details
Overview
- 5 Units
- Near Conservation Area
- Property has 1 Level
Amenities
- Medical Services
- Shops
Recreation
- Marina
- Park
- Jogging Path
- Bike Trail
Building Details
- Operating Expense $38,859
- Net Operating Income $80,076
Map
Home Values in the Area
Average Home Value in this Area
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/30/2026 06/30/26 | For Sale | $1,525,000 | -- | $417 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73543444
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The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
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Ask me questions while you tour the home.