130 Pine Street Danvers, MA
Rare Two-Building Multifamily | Updated Units | Strong Cash Flow & Upside
Marketing description
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.
Investment highlights
- Rare Two-Building Portfolio – Two separate two-family homes on one lot offering operational flexibility and reduced risk
- Updated Units Throughout – Modern finishes including stainless steel appliances and in-unit washer/dryer in all units
- Strong In-Place Income – Stabilized asset with a proven unit mix and consistent rental demand
- Desirable Unit Mix – Three 1BR units and one 2BR unit appealing to a wide tenant base
- Ample Off-Street Parking – Highly sought-after amenity that enhances tenant retention
- Value-Add Potential – Opportunity to increase rents over time in a strong North Shore rental market
- High-Demand Location – Danvers continues to see strong occupancy and limited rental inventory
- Commuter-Friendly Access – Easy access to Routes 1, 95 & 128 and surrounding employment hubs
- Portfolio-Level Opportunity – Ideal for investors seeking scale with flexibility in a single acquisition
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