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Active

23 Poplar St, Danvers MA 01923

$1,525,000

Estimated $3,331/month Calculator

Multi Family

Total Units: 5

Price Per Unit: $305,000

Total Rent: 92160/year

Estimated CAP Rate:

7 Bedrooms

Baths

3653

Total Parking: 10

8,058 (0.18)

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.

This home has been viewed 18 times

Last Checked: August 4th, 2026 at 6:33am (Source: MLS PIN #73543444)

Gross Income: $92,160

Gross Expenses: $10,297

Net Income Calc: $81,863

Water Views

Annual Expenses for 23 Poplar St, Danvers MA 01923

Total Gross Expenses (Calculated)$10,297/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax10297

Annual Income & Unit Breakdown for 23 Poplar St, Danvers MA 01923

Total Gross Income (Calculated)$92,160

Unit 1

Rental Income$0

LeaseY

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

Rent IncludesHeat

Unit 2

Rental Income$0

LeaseY

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

Rent IncludesHeat

Unit 3

Rental Income$0

LeaseY

Bedrooms1

Bathrooms1 Full

Floor2

Levels in Unit1

Rent IncludesHeat

Unit 4

Rental Income$0

LeaseY

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

Rent IncludesHeat

General Information for 23 Poplar St, Danvers MA 01923

Listing ID73543444

Property TypeMulti Family

Price1525000 ($417.47/SqFt)

Style5+ Family - 5+ Units Up/down

CityDanvers

CountyEssex

Neighborhood(s)Ipswich

Approximate Living Area Total3653

Approximate Lot Size (Acres)0.18

Total Parking10

Garage Parking0

Year Built1900

Year Built SourcePublic Records

Year Built DetailsApproximate,Renovated Since

WaterPublic

SewerPublic Sewer

Electric

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

Basement

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor SpaceCovered

ZoningR1

Water ViewsNo

Water Views Features

Waterfront0

Waterfront FeaturesRiver

Terms

Disclosures for 23 Poplar St, Danvers MA 01923

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsWindow Air Conditioners

Financial Data SourceEstimated

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 23 Poplar St, Danvers MA 01923

Real Estate Taxes10297

Tax Year2026

Assessed Value$1,060,700

Financial Data SourceEstimated

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 23 Poplar St, Danvers MA 01923

High SchoolDanvers High School

Neighborhood(s)Ipswich

Area AmenitiesWalk/jog Trails

Contact Information for 23 Poplar St, Danvers MA 01923

Agent

Name: The Pizzo Group

Office

Name: Aluxety

Phone: 800-806-3212

Team Members

Payment Calculator

, Interest

Property Taxes 858.08

Principal & Interest 9396.56

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Aluxety

The Pizzo Group

Agent Phone

Office Phone

(800) 806-3212

Text Agent Call Agent Call Office

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    [unparsed] => 23 Poplar St, Danvers MA 01923
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EXIT

38 More Photos

Active

23 Poplar St, Danvers MA 01923

$1,525,000

Annual Expenses for 23 Poplar St, Danvers MA 01923

Annual Income & Unit Breakdown for 23 Poplar St, Danvers MA 01923

General Information for 23 Poplar St, Danvers MA 01923

Disclosures for 23 Poplar St, Danvers MA 01923

Financial Information for 23 Poplar St, Danvers MA 01923

Location Information for 23 Poplar St, Danvers MA 01923

Contact Information for 23 Poplar St, Danvers MA 01923

Agent

Office

Team Members

Payment Calculator

Exclusive Listing Agent

Aluxety

The Pizzo Group