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39 Needham Rd, Danvers MA 01923

Danvers, MA 01923
$1,200,000
Est. $7,063/month
6
Beds
4.5
Baths
3,704
Sq Ft
$324
Price/Sq Ft
0.37
Acres
1920
Year Built
6 hours 17 minutes
Time on Market
Active Listed Jun 24, 2026 • MLS# 73540673 Copied!

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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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

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

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

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

Location

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Neighborhood

39 Needham Rd, Danvers MA 01923

Danvers, MA 01923

Walkability

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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
E

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
M

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
H

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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Monthly Payment Calculator

Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $796
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo

Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

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

Price & Status History

Date Event Price Change
Jun 24, 2026 New Listing Added $1,200,000

Market Statistics

Time on Market
6 hours 17 minutes
Price per Sq Ft
$324

Tax History

Year Taxes Assessment
2025 $9,546 $868,600

Financial Details

Annual Property Tax
$9,546
Tax Year 2025
Assessed Value
$868,600

Listing Information

Listing Agent Herrick Lutts Realty Partners
Listing Office Herrick Lutts Realty Partners
Agent MLS ID TM312527
Office MLS ID AN6507
Listing Data Updated Jun 24, 2026 8:39 AM 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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Market Analytics for Danvers, MA

Real-time market trends and pricing data for this area

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