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$1,200,000

Active

39 Needham Rd

Danvers, MA, 01923

Multi-Family · MLS #73540673

Price/sqft

$324

Days on market

12 days

Year built

1920

Lot size

0.37 ac

3,704 sq ft

Sq Ft

0.37 acres

Lot

1920

Year Built

2 car

Garage

Taxes: $9,546 (2025)

About this home

Exceptional owner-occupant or investment opportunity overlooking the Crane River. This four-family property offers a rare combination of rental income, owner-occupant flexibility, and scenic water views. Currently, three of the four residential units are vacant and ready for immediate occupancy, providing an ideal setup for an owner-occupant seeking rental income or an investor looking to lease at current market rates.The property features two separate garage bays and a desirable setting overlooking the Crane River. Conveniently located near downtown Danvers, shopping, restaurants, schools, and major commuter routes including Routes 1, 95, and 128.With multi-family inventory remaining limited in Danvers, opportunities like this are increasingly difficult to find. Whether you're looking to live in one unit while collecting rental income from the others or add a well-located asset to your investment portfolio, 39 Needham Road presents exceptional value and long-term potential.

Location

39 Needham Rd, Danvers, MA, 01923

Property details

Road type
Public
Waterfront
River
Basement
Unfinished Basement
Electric
200 Amps
Waterview Features
River

Listed by Herrick Lutts Realty Partners · Herrick Lutts Realty Partners

Schedule a showing

39 Needham Rd

By submitting you agree to be contacted by Antonio Illas.

Estimated payment

$7,319 / month

Down payment20% · $240,000
Interest rate6.43%

Loan term

Principal & interest
$6,024
Property tax
$796
Home insurance
$500

Estimate only. Actual payment may vary based on credit, taxes, HOA, and insurance. Tax estimate uses listed taxes.

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