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INVESTMENT SNAPSHOT
About this property
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
| Units | 5 |
| Living area | 3,653 sqft |
| Lot size | 8,058 sqft |
| Year built | 1900 |
| Price / sqft | $417 |
| County | Essex |
| MLS # | 73543444 |
Listing status
| Days on market | 34 days |
| Listed on | June 30, 2026 |
Taxes & financials
| Annual property tax | $10,297 |
| Tax year | 2026 |
| Assessed value | $1,060,700 |
| Zoning | R1 |
| Gross income (actual) | $118,935/yr |
| Net operating income (actual) | $80,076/yr |
| Total actual rent | $9,680/mo |
Building & lot
| Stories | 5 |
| Total rooms | 15 |
| Lot size | 0.18 acres |
| Garage spaces | 0 |
| Parking spaces | 10 |
| Parking | Paved Drive, Off Street, Paved |
| Foundation | Stone, Brick/Mortar |
| Roof | Slate |
| Construction | Frame |
| Flooring | Tile, Carpet, Hardwood, Wood |
Utilities & systems
| Heating | Hot Water, Natural Gas |
| Cooling | None |
| Sewer | Public Sewer |
| Water | Public |
| Appliances | Washer, Dryer, Range, Refrigerator, Dishwasher |
Location
More about investing in Danvers →
Listing courtesy of a MLS PIN member office. Listing data © MLS PIN.
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Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 23 Poplar St, Danvers MA 01923 have?
It is a 5-unit multi-family property with 3,653 sqft of living area, built in 1900.
How long has 23 Poplar St, Danvers MA 01923 been on the market?
23 Poplar St, Danvers MA 01923 has been listed for 34 days (since June 30, 2026).
What is the price per unit?
At a list price of $1,525,000 across 5 units, that works out to roughly $305,000 per unit.
What are the property taxes on 23 Poplar St, Danvers MA 01923?
Annual property taxes are $10,297 (2026), on an assessed value of $1,060,700.
What is the price per square foot?
At $1,525,000 for 3,653 sqft, that's about $417 per square foot.
Is there parking?
10 total parking spaces (paved drive, off street, paved).
Where is this property located?
23 Poplar St, Danvers MA 01923 is in Danvers, Essex County, MA 01923.
