Rare opportunity to acquire a four-unit multifamily portfolio in Danvers, comprised of two separate two-family homes situated on a single lot. The property features a well-balanced unit mix of three 1-bedroom, 1-bath apartments and one 2-bedroom, 1.5-bath unit, catering to a broad and stable tenant base.All units have been updated and include modern finishes such as stainless steel appliances and in-unit washer and dryer, enhancing tenant appeal and supporting strong rental demand. The property also benefits from ample off-street parking, a key amenity in the market.This asset offers investors a unique combination of scale and flexibility, with two independent structures providing operational versatility and long-term value. Positioned in a desirable location with convenient access to local amenities and major commuter routes, the property is well-suited for both stable cash flow and future rental growth.
For sale
Price cut: $55K (6/9)
$1,395,000
130 Pine St, Danvers, MA 01923
5beds
3,484sqft
4 Family
Built in 1900
-- sqft lot
$-- Zestimate®
$400/sqft
$-- HOA
What's special
Modern finishesIn-unit washer and dryerStainless steel appliancesAmple off-street parking
- 45 days |
- 607 |
- 25 |
Zillow last checked:
Listing updated:
Listed by:
Herrick Lutts Realty Partners 978-927-1959,
Herrick Lutts Realty Partners 978-927-1959,
Nicholas Zolotas
Source: MLS PIN,MLS#: 73520588
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 5
- Full bathrooms: 4
- 1/2 bathrooms: 1
Features
- Basement: Full,Walk-Out Access
- Has fireplace: No
Interior area
- Total structure area: 3,484
- Total interior livable area: 3,484 sqft
- Finished area above ground: 3,484
Property
Parking
- Total spaces: 6
- Parking features: Paved Drive
- Uncovered spaces: 6
Lot
- Size: 0.25 Acres
Details
- Parcel number: M:050 L:122 P:,1879107
- Zoning: R1
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 4 Family
Materials
- Foundation: Concrete Perimeter, Stone, Brick/Mortar
Condition
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Danvers
Financial & listing details
- Price per square foot: $400/sqft
- Tax assessed value: $842,700
- Annual tax amount: $9,261
- Date on market: 5/18/2026
- Total actual rent: 9045
Estimated market value
Not available
Estimated sales range
Not available
$3,265/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/9/2026 | Price change | $1,395,000-3.8%$400/sqft |
Source: MLS PIN #73520588 Report a problem | ||
| 5/18/2026 | Listed for sale | $1,450,000+468.6%$416/sqft |
Source: MLS PIN #73520588 Report a problem | ||
| 1/7/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 12/11/2023 | Listed for rent | $1,850$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 7/31/1996 | Sold | $255,000$73/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $9,261 +2.5% | $842,700 +3.6% |
| 2024 | $9,035 +1% | $813,200 +6.9% |
| 2023 | $8,942 | $761,000 |
| 2022 | $8,942 +12% | $761,000 +27.2% |
| 2021 | $7,987 -3.9% | $598,300 -6% |
| 2020 | $8,309 +11.4% | $636,200 +13.2% |
| 2019 | $7,462 +4.8% | $561,900 +6.9% |
| 2018 | $7,117 +3.7% | $525,600 +8.7% |
| 2017 | $6,864 +2.6% | $483,700 +2.6% |
| 2016 | $6,692 +2.7% | $471,300 +7.9% |
| 2015 | $6,513 +3.1% | $436,800 +2.7% |
| 2014 | $6,316 +2.2% | $425,300 +0.1% |
| 2013 | $6,180 -1.3% | $425,000 -5.4% |
| 2012 | $6,260 +4% | $449,400 |
| 2011 | $6,022 +3.5% | $449,400 -5.6% |
| 2010 | $5,817 +2.4% | $476,000 -6.1% |
| 2009 | $5,682 +0.8% | $506,900 -6.5% |
| 2008 | $5,639 +4.8% | $542,200 -6.1% |
| 2007 | $5,380 +3.5% | $577,300 +10% |
| 2006 | $5,198 +3% | $525,000 +7% |
| 2005 | $5,045 +4.2% | $490,800 +10.7% |
| 2004 | $4,842 +9.7% | $443,400 +25.7% |
| 2003 | $4,412 +4.9% | $352,700 +8.4% |
| 2002 | $4,205 -1.8% | $325,500 +34.2% |
| 1998 | $4,283 | $242,500 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 01923
Nearby schools
GreatSchools rating
- 4/10Great Oak Elementary SchoolGrades: K-5Distance: 0.6 mi
- 3/10Holten Richmond Middle SchoolGrades: 6-8Distance: 1.1 mi
- 5/10Danvers High SchoolGrades: 9-12Distance: 1.7 mi
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Massachusetts
- Essex County
- Danvers
- 01923
- 130 Pine St
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