
39 Needham Rd Danvers — Photo 1 of 42
$1,200,000
Danvers, MA 01923
Beds
6
Baths
4.5
SqFt
3,704
Style
4 Family
Built
1920
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.
* Analysis is based on 22 actively listed and recently sold comparable properties strictly within Danvers, MA.
Public Transportation • Shopping • Park • Medical Facility • Highway Access • House of Worship
27,991
U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)
$125K
U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)
30.8%
U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)
992 housing units permitted in the last 12 months (-15% vs the prior 12 months) — 515 in 5+ unit buildings
U.S. Census Bureau, Building Permits Survey (through Jun '26)
Listing Agent: Herrick Lutts Realty Partners
Listing Office: Herrick Lutts Realty Partners
MLS® Number: 73540673
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