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INVESTMENT SNAPSHOT
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.
Property details
| Units | 4 |
| Living area | 3,704 sqft |
| Lot size | 16,274 sqft |
| Year built | 1920 |
| Price / sqft | $324 |
| County | Essex |
| MLS # | 73540673 |
Listing status
| Days on market | 17 days |
| Listed on | June 24, 2026 |
Taxes & financials
| Annual property tax | $9,546 |
| Tax year | 2025 |
| Assessed value | $868,600 |
| Zoning | R1 |
| Gross income (actual) | $30,000/yr |
| Net operating income (actual) | $30,000/yr |
| Total actual rent | $2,500/mo |
Building & lot
| Stories | 4 |
| Total rooms | 14 |
| Lot size | 0.37 acres |
| Garage spaces | 2 |
| Parking spaces | 6 |
| Parking | Paved Drive, Off Street |
| Basement | Unfinished |
| Foundation | Granite |
| Roof | Shingle |
| Construction | Frame |
| Flooring | Carpet, Hardwood |
Utilities & systems
| Sewer | Public Sewer |
| Water | Public |
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 39 Needham Rd, Danvers MA 01923 have?
It is a 4-unit multi-family property with 3,704 sqft of living area, built in 1920.
How long has 39 Needham Rd, Danvers MA 01923 been on the market?
39 Needham Rd, Danvers MA 01923 has been listed for 17 days (since June 24, 2026).
What is the price per unit?
At a list price of $1,200,000 across 4 units, that works out to roughly $300,000 per unit.
What are the property taxes on 39 Needham Rd, Danvers MA 01923?
Annual property taxes are $9,546 (2025), on an assessed value of $868,600.
What is the price per square foot?
At $1,200,000 for 3,704 sqft, that's about $324 per square foot.
Is there parking?
2 garage spaces and 6 total parking spaces (paved drive, off street).
Where is this property located?
39 Needham Rd, Danvers MA 01923 is in Danvers, Essex County, MA 01923.
