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130 Pine St 4 Unit Apartment Building Offered at $1,930,138 CAD Danvers, MA 01923
Executive Summary
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-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.
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.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$149,641
|
$42.95
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$7,482
|
$2.15
|
| Effective Gross Income |
$142,159
|
$40.80
|
| Taxes |
$13,006
|
$3.73
|
| Operating Expenses |
$24,771
|
$7.11
|
| Total Expenses |
$37,777
|
$10.84
|
| Net Operating Income |
$104,382
|
$29.96
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $149,641 |
| Annual Per SF | $42.95 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $7,482 |
| Annual Per SF | $2.15 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $142,159 |
| Annual Per SF | $40.80 |
| Taxes (CAD) | |
|---|---|
| Annual | $13,006 |
| Annual Per SF | $3.73 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $24,771 |
| Annual Per SF | $7.11 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $37,777 |
| Annual Per SF | $10.84 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $104,382 |
| Annual Per SF | $29.96 |
Property Facts
| Price | $1,930,138 CAD | Building Size | 3,484 SF |
| Price Per Unit | $482,534 CAD | Average Occupancy | 100% |
| Sale Type | Investment | No. Stories | 2 |
| No. Units | 4 | Year Built | 1900 |
| Property Type | Multifamily |
| Price | $1,930,138 CAD |
| Price Per Unit | $482,534 CAD |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Building Size | 3,484 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1900 |
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | DANV-000050-000000-000122 | Total Assessment | $1,161,805 CAD |
| Land Assessment | $438,969 CAD | Annual Taxes | $13,006 CAD ($3.73 CAD/SF) |
| Improvements Assessment | $722,837 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
DANV-000050-000000-000122
Land Assessment
$438,969 CAD
Improvements Assessment
$722,837 CAD
Total Assessment
$1,161,805 CAD
Annual Taxes
$13,006 CAD ($3.73 CAD/SF)
Tax Year
2025
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130 Pine St
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