130 Pine St, Danvers MA 01923
Danvers, MA 01923
$1,450,000
$1,395,000
Est. $8,026/month
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.
View in the App
Save this property, schedule tours instantly, and get alerts when the price drops
Scan with phone
Public Records & Permits
Log in to view assessor & tax records, ownership history, and recent building permits for this property.
BMN Estimate
Get the number an algorithm can't give you
A free agent CMA factors in condition, upgrades, and the street — the things comps alone can't see.
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
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 07/09/2026 | ⏳ Pending Sale | - | - | - | Offer accepted, sale pending |
| 06/09/2026 | ↓ Price Reduced | $1,395,000 | $55,000 | - | From $1,450,000 to $1,395,000 (-3.8%) |
| 05/19/2026 | 👁️ Showing Instructions Updated | - | - | - | New showing requirements |
| 05/18/2026 | 🏠 Listed for Sale | $1,450,000 | - | - | Original listing |
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%
Interior
Heating
None
Cooling
None
Flooring
None
Appliances
None
Fireplace
None
Basement
Full, Walk-out Access
Laundry
None
Features
None
Exterior
Construction
None
Architecture
None
Roof
None
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Features
Paved Drive
Total Spaces
6
Utilities
Electric
None
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$9,261
Assessed Value
$842,700
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Seller Disclosures
Lead Compliant For Unit 1 And 2
Additional Details
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
Sale Pending
Year Built
1900
Bedrooms
5
Full Bathrooms
4
Half Bathrooms
1
Living Area
3,484 sq ft
Total Rooms
14
Stories
4
Levels
4
Floor Layout
Interactive room guide
Floor Layout
Finished Area
3,484 sq ft above grade
Display Options
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
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 District
Danvers School District local
A-
School Safety
2024-25
2.3%
Average
1.9%
Suspensions
2.3%
In-School
0.4%
Emergency
3.2% below state avg
Elementary Schools
3 schools
St. Mary of the Annunciation School
0.5 mi
Grades PK-08
B-
Highlands School
0.5 mi
|
#486 of 824
|
Score: 45.2
Improved 156 spots from last year
-13 below state avg
385 students
Moderate
Rising School
Grades K-05
C+
Great Oak School
0.6 mi
|
#554 of 824
|
Score: 42.8
Dropped 203 spots from last year
-15.4 below state avg
291 students
Moderate
Grades K-05
Middle Schools
2 schools
B-
Holten Richmond Middle School
1.1 mi
|
#183 of 352
|
Score: 42.0
Dropped 12 spots from last year
-16.2 below state avg
745 students
Moderate
Grades 06-08
C+
J. Henry Higgins Middle School
2.5 mi
|
#240 of 352
|
Score: 37.2
Improved 5 spots from last year
-21 below state avg
1,320 students
Diverse
Grades 06-08
High Schools
3 schools
Northeast ARC
0.2 mi
Grades 06-12
St. John's Prep School
1.4 mi
Grades 06-12
C
Peabody Veterans Memorial High School
1.7 mi
|
#251 of 346
|
Score: 45.9
Improved 8 spots from last year
-12.3 below state avg
1,333 students
Diverse
19 sports
• 1,614 athletes
Career Tech Programs
Strong Athletics
Grades 09-12
Learn about these ratings
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
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
Loading map...
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
Aug 6, 2026 10:22 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
Contact Us
Ask about this property — free, no obligation.
Similar Homes for Sale
Comparable Properties
Customize Comparable Search
Finding comparable properties...
Loading market insights for Danvers.