39 Needham Rd
Rare Danvers Four-Family | Owner-Occupant or Value-Add Investment Opportunity
Marketing description
Exceptional owner-occupant or investment opportunity overlooking the Crane River. This four-family property offers a rare combination of rental income, owner-occupant flexibility, and scenic water views. Currently, three of the four residential units are vacant and ready for immediate occupancy, providing an ideal setup for an owner-occupant seeking rental income or an investor looking to lease at current market rates.The property features two separate garage bays and a desirable setting overlooking the Crane River. Conveniently located near downtown Danvers, shopping, restaurants, schools, and major commuter routes including Routes 1, 95, and 128.With multi-family inventory remaining limited in Danvers, opportunities like this are increasingly difficult to find. Whether you're looking to live in one unit while collecting rental income from the others or add a well-located asset to your investment portfolio, 39 Needham Road presents exceptional value and long-term potential.
Investment highlights
- Four-family property with views overlooking the scenic Crane River.
- Three of four residential units are currently vacant, offering immediate occupancy or lease-up potential.
- Ideal for an owner-occupant to offset housing costs with rental income.
- Excellent value-add opportunity to lease vacant units at current market rental rates.
- Two separate garage bays provide additional tenant amenity or income potential.
- Strong long-term upside in a market with limited multifamily inventory.
- Convenient location just minutes from downtown Danvers, shopping, restaurants, and schools.
- Excellent commuter access to Routes 1, I-95, and Route 128.
- Flexible investment suited for owner-occupants, investors, or multigenerational living.
- Opportunity to increase cash flow while building equity in a highly desirable North Shore location.
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