39 Needham Rd, Danvers MA 01923
Danvers, MA 01923
$1,200,000
Est. $7,063/month
About this home
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.
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Recently Sold Nearby
Property History
Property Timeline
Listed for Sale
Jun 24, 2026
$1,200,000
Original listing
Agent: Herrick Lutts Realty Partners
Office: Herrick Lutts Realty Partners
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 06/24/2026 | 🏠 Listed for Sale | $1,200,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $9,546 | $868,600 |
Financial Details
Annual Property Tax
$9,546
Tax Year 2025
Assessed Value
$868,600
Facts & Features
2 Car Garage
Home Facts
Type
Residential Income
Style
4 Family
Year Built
1920
Living Area
3,704 sq ft
Lot Size
0.37 acres
Bedrooms
6
Full Baths
4
Half Baths
1
Total Rooms
14
Investment Metrics
Units
4
Unit 1 Rent
— · N
Unit 2 Rent
$1,300/mo · N
Total Monthly Rent
$1,300/mo
Gross Income
$30,000
Net Operating Income
$30,000
Cap Rate
2.50%
Interior
Heating
None
Cooling
None
Flooring
Carpet, Hardwood
Appliances
None
Fireplace
None
Basement
Unfinished
Laundry
None
Features
None
Exterior
Construction
Frame
Architecture
None
Roof
Shingle
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Garage Spaces
2
Has Garage
Yes
Features
Paved Drive, Off Street
Total Spaces
6
Utilities
Electric
200+ Amp Service
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$9,546
Assessed Value
$868,600
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
Down Payment Resource
Eligible
MA Disclosures
Seller Disclosures
None
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Sq Ft Source
Public Record
Documents
None
County
Essex
Total market time (incl. prior listings)
17 days
Property Overview
Property Type
4 Family
Listing Type
For Sale
Year Built
1920
Bedrooms
6
Full Bathrooms
4
Half Bathrooms
1
Living Area
3,704 sq ft
Total Rooms
14
Stories
4
Levels
4
Floor Layout
Interactive room guide
Floor Layout
Finished Area
3,704 sq ft above grade
Display Options
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Carpet, Hardwood
Appliances:
Interior Features:
Windows:
Basement:
Unfinished
Laundry:
Security:
Construction & Materials
Year Built:
1920
Structure Type:
Exterior Materials:
Frame
Roof:
Shingle
Foundation:
Granite
Stories:
4
Heating, Cooling & Utilities
Heating:
Cooling:
Hot Water:
Oil
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:
Parking & Garage
Garage Spaces:
2
Total Parking Spaces:
6
Parking Features:
Paved Drive, Off Street
Special Features
Waterfront:
Yes
Waterfront Type:
Waterfront, River
Community Amenities:
Public Transportation, Shopping, Park, Medical Facility, Highway Access, House of Worship, Marina, Public School
Nearby Schools
School District
Danvers School District local
A-
School Safety
2024-25
2.3%
Average
1.9%
Suspensions
2.3%
In-School
0.4%
Emergency
3.2% below state avg
Elementary Schools
7 schools
St. Mary of the Annunciation School
1.7 mi
Grades PK-08
Great Rock Christian Academy
2.9 mi
Grades PK-12
B+
Riverside School
0.7 mi
|
#304 of 824
|
Score: 50.8
Improved 132 spots from last year
-7.4 below state avg
350 students
Moderate
Rising School
Grades PK-05
B-
Willis E Thorpe School
1.6 mi
|
#435 of 824
|
Score: 46.6
Dropped 167 spots from last year
-11.6 below state avg
294 students
Less Diverse
Grades K-05
C+
Great Oak School
1.7 mi
|
#554 of 824
|
Score: 42.8
Dropped 203 spots from last year
-15.4 below state avg
291 students
Moderate
Grades K-05
B-
Highlands School
1.8 mi
|
#486 of 824
|
Score: 45.2
Improved 156 spots from last year
-13 below state avg
385 students
Moderate
Rising School
Grades K-05
B+
Ivan G Smith School
2.9 mi
|
#333 of 824
|
Score: 49.7
Improved 40 spots from last year
-8.5 below state avg
389 students
Moderate
Rising School
Strong Attendance
Grades K-05
Middle Schools
1 school
B-
Holten Richmond Middle School
1.2 mi
|
#183 of 352
|
Score: 42.0
Dropped 12 spots from last year
-16.2 below state avg
745 students
Moderate
Grades 06-08
High Schools
5 schools
Northeast ARC
1.2 mi
Grades 06-12
St. John's Prep School
2.5 mi
Grades 06-12
B
Danvers High School
2.3 mi
|
#158 of 346
|
Score: 54.4
Dropped 16 spots from last year
-3.9 below state avg
784 students
Moderate
17 sports
• 1,436 athletes
Early College Program
High Graduation Rate
College Ready Curriculum
Strong Athletics
Grades 09-12
Northeast Behavioral Health
3.6 mi
Grades 09-12
A-
Essex North Shore Agricultural and Technical School
3.9 mi
|
#76 of 346
|
Score: 63.1
Improved 23 spots from last year
+4.9 above state avg
1,830 students
Moderate
Strong AP Program
Early College Program
High Graduation Rate
Rising School
Grades 09-12
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Including down payment
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Down: $0
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Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$796
Homeowners Insurance
$200
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
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$0
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Rate Impact
-0.5% Rate
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Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
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Location
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Neighborhood
39 Needham Rd, Danvers MA 01923
Danvers, MA 01923
Listing Information
Listing Agent
Herrick Lutts Realty Partners
Listing Office
Herrick Lutts Realty Partners
Office Phone
978-927-1959
Agent MLS ID
TM312527
Office MLS ID
AN6507
Listing Data Updated
Jul 11, 2026 12:13 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
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