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23 Hyde St
Danvers, MA 01923
Multifamily Property For Sale
·
5 Units


Executive Summary
23 Hyde Street presents a well-located five-unit multifamily investment opportunity in Danvers. The property consists of a total of five residential units, including four 1-bedroom, 1-bath apartments and one 2-bedroom, 1-bath unit, offering a desirable and efficient unit mix that appeals to a broad tenant base. The asset benefits from ample off-street parking, enhancing tenant convenience and overall marketability.
Strategically positioned near major commuter routes, the property provides easy access to surrounding North Shore communities and is just minutes from shopping centers, dining, and retail amenities. Its strong location supports consistent rental demand and long-term stability.
This offering represents an attractive opportunity for investors seeking a stabilized asset with the potential to further increase revenue through rental growth and operational efficiencies in a high-demand rental market.
Strategically positioned near major commuter routes, the property provides easy access to surrounding North Shore communities and is just minutes from shopping centers, dining, and retail amenities. Its strong location supports consistent rental demand and long-term stability.
This offering represents an attractive opportunity for investors seeking a stabilized asset with the potential to further increase revenue through rental growth and operational efficiencies in a high-demand rental market.
Property Facts
| Price Per Unit | $482,534 CAD | Lot Size | 0.56 AC |
| Sale Type | Investment | Building Size | 5,268 SF |
| No. Units | 5 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1895 |
| Building Class | C | Parking Ratio | 1.13/1,000 SF |
| Zoning | Residential 1 | ||
| Price Per Unit | $482,534 CAD |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.56 AC |
| Building Size | 5,268 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1895 |
| Parking Ratio | 1.13/1,000 SF |
| Zoning | Residential 1 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 5+1 | 5 | - | - |
Property Taxes
| Parcel Number | DANV-000057-000000-000136 | Improvements Assessment | $791,908 CAD |
| Land Assessment | $480,329 CAD | Total Assessment | $1,272,237 CAD |
Property Taxes
Parcel Number
DANV-000057-000000-000136
Land Assessment
$480,329 CAD
Improvements Assessment
$791,908 CAD
Total Assessment
$1,272,237 CAD
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