INNOVATE
Real Estate
No photos available for this listing

$1,525,000

23 Poplar St, Danvers MA 01923
Danvers, MA 01923
Listed by The Pizzo Group
Bedrooms
7
Bathrooms
5
Living area
3,653 sqft
Year built
1900

About this home

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

MLS #
73543444
Property type
5+ Family - 5+ Units Up/Down
Subdivision
N/A
Status
Active
Days on market
51
On market date
June 30, 2026
Stories
5
Garage spaces
N/A
Lot size
0.18 acres

Location

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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Great Oak
0.56 mi away · Grades 0-5
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
321
Student:teacher ratio
13.4:1
District
Danvers
Middle
Holten Richmond Middle School
0.46 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
770
Student:teacher ratio
10.8:1
District
Danvers
High
Danvers High
0.92 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
807
Student:teacher ratio
10.8:1
District
Danvers

Mortgage calculator

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Est. monthly payment
$9,334/mo
$305,000 down
$1,220,000 loan
Principal & interest$7,913
Property tax (est.)$1,271
Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated 17 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.