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147 High St, Danvers MA 01923

$1,200,000

Estimated $2,752.79/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $400,000

Total Rent: 58500/year

Estimated CAP Rate: 4.07%

6 Bedrooms

4 Full Baths

3,025 SqFt

Total Parking: 4

6,460 SqFt

Exceptional three-family opportunity in a prime Danvers location just minutes from downtown shops, dining, and everyday conveniences. This versatile property features three units, including a renovated studio currently occupied, providing immediate income. The two additional units are vacant and ready for an owner-occupant or investor to place tenants at market rent. All apartments offer luxury vinyl plank flooring for a clean, modern feel. The upper unit is a desirable townhouse-style layout spanning two floors with two full bathrooms, ideal for long-term tenancy or owner use. Major systems were updated approximately 12 years ago, including the roof, windows, siding, and heating. Easy access to Route 128, I-95, and nearby commuter routes makes this a smart investment in a high-demand area with limited multi-family inventory. Schedule your showing today!

This home has been viewed 6 times

Last Checked: January 28th, 2026 at 6:43pm (Source: MLS PIN #73472198)

Gross Income: $58,500

Gross Expenses: $9,684

Net Income Calc: $48,816

CAP Rate: 4.07%

Annual Expenses for 147 High St, Danvers MA 01923

Total Gross Expenses (Calculated)$9,684/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$9,684

Annual Income & Unit Breakdown for 147 High St, Danvers MA 01923

Total Gross Income (Calculated)$58,500

Unit 1

Rental Income$1,275

LeaseN

Bedrooms0

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent Includes

Unit 2

Rental Income$1,350

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent Includes

Unit 3

Rental Income$2,250

LeaseN

Bedrooms4

Bathrooms2 Full

Floor2

Levels in Unit2

HeatingYes

Rent Includes

General Information for 147 High St, Danvers MA 01923

Listing ID73472198

Property TypeMulti Family / 3 Family

Price$1,200,000 ($396.69/SqFt)

Style3 Family

CityDanvers

CountyEssex

MLS Area

Neighborhood(s)Ipswich

Approximate Living Area Total3,025 SqFt

Approximate Lot Size (Acres)0.15 acres

Total Parking4

Garage Parking

Year Built1900

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesCorner Lot

Foundation Area

Foundation DescriptionStone

Accessible Features

Outdoor Space

ZoningR1

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy FeaturesInsulated Windows

Terms

Disclosures for 147 High St, Danvers MA 01923

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$58,500

Total Net Income By Broker$58,500

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation

Facilitator Compensation

Sub-Agent Compensation

Compensation Based On

Financial Information for 147 High St, Danvers MA 01923

Real Estate Taxes$9,684

Tax Year2025

Assessed Value$881,200

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$58,500

BostonRealEstate.com Gross Income

Total Net Income By Broker$58,500

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)4.07%

Location Information for 147 High St, Danvers MA 01923

Elementary SchoolRiverside Elementary School

Middle SchoolHolten Richmond Middle School

High SchoolDanvers High School

Neighborhood(s)Ipswich

MLS Area

Area AmenitiesWalk/jog Trails, Conservation Area, Highway Access, House Of Worship, Public School, Shopping, Golf, Park, Medical Facility, Laundromat, Bike Path, Public Transportation, Marina, Sidewalks

Contact Information for 147 High St, Danvers MA 01923

Agent

Name: The Lucci Witte Team

Office

Name: William Raveis R.E. & Home Services

Phone: 978-475-5100

Payment Calculator

, Interest

Property Taxes 807

Principal & Interest 7394.02

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

William Raveis R.E. & Home Services

The Lucci Witte Team

Agent Phone

Office Phone

(978) 475-5100

Text Agent Call Agent Call Office

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EXIT

Active

147 High St, Danvers MA 01923

$1,200,000

Annual Expenses for 147 High St, Danvers MA 01923

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William Raveis R.E. & Home Services

The Lucci Witte Team