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39 Needham Rd, Danvers MA 01923

$1,200,000

Estimated $2,741/month Calculator

Multi Family

Total Units: 4

Price Per Unit: $300,000

Total Rent: 15600/year

Estimated CAP Rate:

6 Bedrooms

Baths

3704

Total Parking: 8 (2 Garage)

16,274 (0.37)

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.

This home has been viewed 4 times

Last Checked: June 24th, 2026 at 7:13pm (Source: MLS PIN #73540673)

Gross Income: $15,600

Gross Expenses: $9,546

Net Income Calc: $6,054

Waterfront

Water Views

Annual Expenses for 39 Needham Rd, Danvers MA 01923

Total Gross Expenses (Calculated)$9,546/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax9546

Annual Income & Unit Breakdown for 39 Needham Rd, Danvers MA 01923

Total Gross Income (Calculated)$15,600

Unit 1

Rental Income$0

LeaseN

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

Rent Includes

Unit 3

Rental Income$0

Lease

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 4

Rental Income$0

Lease

Bedrooms2

Bathrooms1 Full, 1 Half

Floor2

Levels in Unit1

Rent Includes

General Information for 39 Needham Rd, Danvers MA 01923

Listing ID73540673

Property TypeMulti Family / 4 Family

Price1200000 ($323.97/SqFt)

Style4 Family

CityDanvers

CountyEssex

Neighborhood(s)Ipswich

Approximate Living Area Total3704

Approximate Lot Size (Acres)0.37

Total Parking8 (2 Garage)

Garage Parking2

Year Built1920

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot Features

Foundation Description

Accessible Features

Outdoor Space

ZoningR1

Water ViewsYes

Water Views FeaturesBay

Waterfront1

Waterfront FeaturesRiver

Terms

Disclosures for 39 Needham Rd, Danvers MA 01923

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsBasement Fridge

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 39 Needham Rd, Danvers MA 01923

Real Estate Taxes9546

Tax Year2025

Assessed Value$868,600

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 39 Needham Rd, Danvers MA 01923

Neighborhood(s)Ipswich

Area AmenitiesWalk/jog Trails

Contact Information for 39 Needham Rd, 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 795.5

Principal & Interest 7394.02

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] => 39 Needham Rd, Danvers MA 01923
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EXIT

39 More Photos

Active

39 Needham Rd, Danvers MA 01923

$1,200,000

Annual Expenses for 39 Needham Rd, Danvers MA 01923

Annual Income & Unit Breakdown for 39 Needham Rd, Danvers MA 01923

General Information for 39 Needham Rd, Danvers MA 01923

Disclosures for 39 Needham Rd, Danvers MA 01923

Financial Information for 39 Needham Rd, Danvers MA 01923

Location Information for 39 Needham Rd, Danvers MA 01923

Contact Information for 39 Needham Rd, Danvers MA 01923

Agent

Office

Team Members

Payment Calculator

Exclusive Listing Agent

Herrick Lutts Realty Partners

Herrick Lutts Realty Partners