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130 Pine St, Danvers MA 01923

Danvers, MA 01923
$1,450,000
$1,395,000
Est. $8,026/month
5
Beds
4.5
Baths
3,484
Sq Ft
$400
Price/Sq Ft
0.25
Acres
1900
Year Built
6
Parking
51
Days on Market
Pending Price Drop -$55,000 Listed May 18, 2026 • MLS# 73520588 Copied! • Updated Jul 9, 2026

About this home

Rare opportunity to acquire a four-unit multifamily portfolio in Danvers, comprised of two separate two-family homes situated on a single lot. The property features a well-balanced unit mix of three 1-bedroom, 1-bath apartments and one 2-bedroom, 1.5-bath unit, catering to a broad and stable tenant base.All units have been updated and include modern finishes such as stainless steel appliances and in-unit washer and dryer, enhancing tenant appeal and supporting strong rental demand. The property also benefits from ample off-street parking, a key amenity in the market.This asset offers investors a unique combination of scale and flexibility, with two independent structures providing operational versatility and long-term value. Positioned in a desirable location with convenient access to local amenities and major commuter routes, the property is well-suited for both stable cash flow and future rental growth.

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Recently Sold Nearby

Property History

Market Insights

1
Price Changes
3.8%
Price Range

Property Timeline

Pending Sale
Jul 9, 2026
Offer accepted, sale pending
Price Reduced
Jun 9, 2026
$1,395,000 $55,000 (-3.79%)
From $1,450,000 to $1,395,000 (-3.8%)
👁️
Showing Instructions Updated
May 19, 2026
New showing requirements
🏠
Listed for Sale
May 18, 2026
$1,450,000
Original listing
Agent: Herrick Lutts Realty Partners Office: Herrick Lutts Realty Partners

Tax History

Year Taxes Assessment
2025 $9,261 $842,700

Financial Details

Annual Property Tax
$9,261
Tax Year 2025
Assessed Value
$842,700

Facts & Features

Home Facts

Type Residential Income
Style 4 Family
Year Built 1900
Living Area 3,484 sq ft
Lot Size 0.25 acres
Bedrooms 5
Full Baths 4
Half Baths 1
Total Rooms 14

Investment Metrics

Units 4
Unit 1 Rent $2,895/mo · Y
Unit 2 Rent $2,300/mo · Y
Unit 3 Rent $1,925/mo · Y
Unit 4 Rent $1,925/mo · Y
Total Monthly Rent $9,045/mo
Gross Income $94,587
Net Operating Income $60,350
Cap Rate 4.33%
Heating None
Cooling None
Flooring None
Appliances None
Fireplace None
Basement Full, Walk-out Access
Laundry None
Features None
Construction None
Architecture None
Roof None
Features None
Pool None
Spa None
Fencing None
Patio/Porch None
Features Paved Drive
Total Spaces 6
Electric None
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $9,261
Assessed Value $842,700
Fee Includes None
Amenities None
Optional Fee Includes None
Seller Disclosures Lead Compliant For Unit 1 And 2
Possession None
Accepted Financing None
Structure Type []
Sq Ft Source Public Record
Documents None
County Essex
Total market time (incl. prior listings) 52 days

Property Overview

Property Type
4 Family
Listing Type
For Sale
Year Built
1900
Bedrooms
5
Full Bathrooms
4
Half Bathrooms
1
Living Area
3,484 sq ft
Total Rooms
14
Stories
4
Levels
4

Room Details

Other Floor

Bathroom1
Bedroom5
Bedroom4
Bedroom3
Dining Room
Kitchen
Bathroom2
Bedroom2
Living Room
Bathroom3
Master Bedroom
Office
Family Room
Master Bathroom

Interior Features

Flooring:
Appliances:
Interior Features:
Windows:
Basement: Full, Walk-Out Access
Laundry:
Security:

Construction & Materials

Year Built: 1900
Structure Type:
Exterior Materials:
Roof:
Foundation: Concrete Perimeter, Stone, Brick/Mortar
Stories: 4

Heating, Cooling & Utilities

Heating:
Cooling:
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Total Parking Spaces: 6
Parking Features: Paved Drive

Nearby Schools

School information not available for this location.

Monthly Payment Calculator

Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $772
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo

Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Location

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Neighborhood

130 Pine St, Danvers MA 01923

Danvers, MA 01923

Listing Information

Listing Agent Herrick Lutts Realty Partners
Listing Office Herrick Lutts Realty Partners
Office Phone 978-927-1959
Agent MLS ID TM312527
Office MLS ID AN6507
Listing Data Updated Jul 9, 2026 12:44 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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Steven Novak
Steven Novak
BMN Boston Real Estate
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BMN Boston Real Estate

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