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12 Chestnut St, Danvers MA 01923

$919,900

Estimated $2,194/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $459,950

Total Rent: 31620/year

Estimated CAP Rate:

5 Bedrooms

Baths

2273

Total Parking: 6 (1 Garage)

8,712 (0.20)

*BACK ON MARKET DUE TO BUYER FINANCING* Spacious and well-appointed two-family home in a convenient Danvers location, ideal for both investors and owner-occupants. The first-floor unit offers 2 bedrooms and 1 full bath, featuring in-unit laundry and a functional, easy-living layout. The upper unit spans two levels and includes 3 bedrooms and 2 full bathrooms, providing ample living space and flexibility. Both units are outfitted with stainless steel appliances and in-unit laundry, adding to the property’s overall appeal. Additional highlights include a one-car garage and four off-street parking spaces, with two designated spots per unit. A strong opportunity for rental income or for an owner looking to offset expenses, with potential to further enhance value over time. Conveniently situated near shopping, dining, and major commuter routes. SECOND FLOOR UNIT IN NOW VACANT. (SHOWINGS WILL BEGIN MONDAY, JUNE 29TH)

This home has been viewed 6 times

Last Checked: July 18th, 2026 at 9:33am (Source: MLS PIN #73500696)

Gross Income: $31,620

Gross Expenses: $8,426

Net Income Calc: $23,194

Water Views

Annual Expenses for 12 Chestnut St, Danvers MA 01923

Total Gross Expenses (Calculated)$8,426/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax8426

Annual Income & Unit Breakdown for 12 Chestnut St, Danvers MA 01923

Total Gross Income (Calculated)$31,620

Unit 1

Rental Income$0

LeaseY

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms3

Bathrooms2 Full

Floor2

Levels in Unit2

Rent Includes

General Information for 12 Chestnut St, Danvers MA 01923

Listing ID73500696

Property TypeMulti Family

Price919900 ($404.71/SqFt)

StyleMulti Family

CityDanvers

CountyEssex

Neighborhood(s)Ipswich

Approximate Living Area Total2273

Approximate Lot Size (Acres)0.2

Total Parking6 (1 Garage)

Garage Parking1

Year Built1875

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric

Hot Water

Roof Material

BasementFull

Construction Materials

Lot Features

Foundation Description

Accessible Features

Outdoor Space

ZoningR2

Water ViewsNo

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 12 Chestnut St, Danvers MA 01923

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsWasher/Dryer Negotiable

Financial Data Source

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Compensation Based On

Financial Information for 12 Chestnut St, Danvers MA 01923

Real Estate Taxes8426

Tax Year2025

Assessed Value$766,700

Financial Data Source

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 12 Chestnut St, Danvers MA 01923

Neighborhood(s)Ipswich

Area AmenitiesWalk/jog Trails

Contact Information for 12 Chestnut St, Danvers MA 01923

Agent

Name: Herrick Lutts Realty Partners

Office

Name: Herrick Lutts Realty Partners

Phone: 978-927-1959

Team Members

Payment Calculator

, Interest

Property Taxes 702.17

Principal & Interest 5668.13

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Herrick Lutts Realty Partners

Agent Phone

Office Phone

(978) 927-1959

Text Agent Call Agent Call Office

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    [unparsed] => 12 Chestnut St, Danvers MA 01923
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EXIT

34 More Photos

Pending

12 Chestnut St, Danvers MA 01923

$919,900

Annual Expenses for 12 Chestnut St, Danvers MA 01923

Annual Income & Unit Breakdown for 12 Chestnut St, Danvers MA 01923

General Information for 12 Chestnut St, Danvers MA 01923

Disclosures for 12 Chestnut St, Danvers MA 01923

Financial Information for 12 Chestnut St, Danvers MA 01923

Location Information for 12 Chestnut St, Danvers MA 01923

Contact Information for 12 Chestnut St, Danvers MA 01923

Agent

Office

Team Members

Payment Calculator

Exclusive Listing Agent

Herrick Lutts Realty Partners

Herrick Lutts Realty Partners