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Danvers 01923
39 Needham Rd
$1,200,000
● Multifamily - Off Market

39 Needham Rd

Danvers, MA 01923
bedrooms
6 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
3,704 Ft²
$6,688
Est. Monthly
3.46%
Cap Rate

About This Property

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.
Unit Size
3,704 Ft²
Days on Market
-
Land Size
0.37 acres
Price per sqft
$324
Property Type
Multifamily
Property Taxes
$796
HOA Dues
-
Year Built
1920

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Last updated: 7 days ago (MLSPIN #73540673)

Price History

Date / Event Date Event Price
Sep 21, 2026 Sold
Sold
Aug 24, 2026 In contract -
In contract
Jun 24, 2026 Listed by Herrick Lutts Realty Partners $1,200,000
Listed by Herrick Lutts Realty Partners

Property Highlights

Parking Available
Parking Details
Has Garage
Has Open Parking
Parking Features: Paved, Off Street
Garage Spaces: 2
Open Parking Spaces: 4
Interior Details
Half Bathrooms: 1
Full Bathrooms: 4
Flooring Type: Carpet, Hardwood
Rooms: 14
Basement: Unfinished
Exterior Details
Square Footage: 3704
Year Built Source: Public Records
Year Built: 1920
Waterfront Features: Waterfront, River Front
Building Area Total: 3704
Levels: 4
Building Area Units: Square Feet
Construction Materials: Frame
Lot Size Area: 0.37
Lot Size Units: Acres
Lot Size Acres: 0.37
Lot Size Square Feet: 16274
Water Source: Public
Financial Details
Tax Assessed Value: $868,600
Tax Annual Amount: $9,546
Utilities Details
Sewer : Public Sewer

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Listed By

Building Info

39 Needham Road 39 Needham Road, Danvers, MA 01923
  • 1 Unit for Sale
More about this Building
39 Needham Road
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