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7 & 7 1/2 Bridge St, Danvers MA 01923 – 6 bed 4 bath For Sale – 73332202

$ 1,750,000
7 & 7 1/2 Bridge St, Danvers MA 01923, ,

Overview

  • Updated On:
  • February 8, 2025
  • listingid
  • 73332202
  • 6 Bedrooms
  • 4 Bathrooms
  • 0 Garage Spaces
  • 18 Non-Garage Parking Spaces
  • 1900
  • HOA Fee

Description

Prime investment opportunity! This well-maintained four-unit multifamily property, plus a detached commercial space, offers strong rental potential on one lot. The multifamily includes a studio and 1-bed/1-bath unit on the first floor, a 2-bed/1-bath unit on the second floor, and another 2-bed/1-bath unit on the third floor. In-building coin-op laundry for added tenant convenience. The detached commercial space features a built-out upper level and finished basement, kitchen, and three half-baths—ideal for various business uses. Ample parking with 18 spaces. Convenient access to downtown Beverly, Danvers, Rt 128, and more. A rare chance to diversify your portfolio with both residential and commercial income streams!

Property Details

Property Id: 1742375
Price: $ 1,750,000
Property Size: 2,744.00 ft2
Property Lot Size: 0.31 ft2
Rooms: 13
Bedrooms: 6
Bathrooms: 4
Full Bath: 4
Total Bathrooms: 4
Disclosures: N
Basement: Concrete
Last Updated: 2025-02-08T08:08:16.575Z
Building Area Source: Public Records
Building Area Total: 2744
Building Area Units: Square Feet
Community Features: Public Transportation,Shopping,Tennis Court(s),Park,Walk/Jog Trails,Golf,Medical Facility,Laundromat,Bike Path,Conservation Area,Highway Access,House of Worship,Marina,Public School,T-Station
Construction Materials: Frame
Cooling: None
Directions: On the corner of Elliott St & Bridge St (directly across from gas station)
Electric Expense: 3840
Elementary School: Riverside
Expiration Date: 1900-01-01
Financial Data Source: Owner
Flooring: Laminate,Hardwood
Foundation Details: Stone,Brick/Mortar
Gross Income: 129540
Gross Scheduled Income: 1800
Heating: Baseboard,Natural Gas,Electric
High School: Danvers
Laundry Features: Electric Dryer Hookup,Washer Hookup
Living Levels: 7
List Agent MlsId: TM319354
List Office MlsId: AN8387
Listing Agreement: Exclusive Right To Sell
Listing Contract Date: 2025-02-04
Listing ID: 73332202
Lot Features: Level
Lot Size: 0.31
Lot Size SqFt: 13460
Lot Size Units: Acres
Date Available: Yes
Bedroom 1: 1
Bedroom 2: 1
Bedroom 3: 2
Bedroom 4: 2
Bath 1: 1
Bath 2: 1
Bath 3: 1
Bath 4: 1
Lead Paint: Unknown
Lease 1: Y
Lease 2: Y
Lease 3: Y
Lease 4: Y
Unit 1 Living Levels: 1
Unit 2 Living Levels: 1
Unit 3 Living Levels: 1
Unit 4 Living Levels: 1
Listing Alert: No
Price Per SqFt: 637.76
Days in Market: 4
Total Days on Market: 4
Open House: 1
MLS PIN Page: 277
Price Per SqFt: 637.76
Unit 1 Rent: 1800
Unit 2 Rent: 1350
Unit 3 Rent: 1910
Unit 4 Rent: 1735
Living Area Includes Basement: No
Team Member: CT002322
Water View: No
Middle School: Holten Richmond
MLS Status: Active
Last Updated: 2025-02-08T08:05:00.000Z
Net Operating Income: 97732
Number Of Units: 4
Operating Expense: 31808
Original List Date: 2025-02-04T19:11:00.000Z
Original List Price: 1750000
Parking Features: Paved Drive,Off Street,Paved
Total Parking: 18
Patio And Porch Features: Porch
Rent Includes: Unit 1(Water),Unit 2(Water),Unit 3(Water),Unit 4(Water)
Road Type: Public
Roof: Shingle
Sewer: Public Sewer
State: MA
Status Change Time: 2025-02-04T19:11:00.000Z
Total Stories: 7
Tax Annua lAmount: 16409.16
Tax Assessed Value: 1038300
Tax Book Number: 17645
Tax Lot: 51
Tax Map Number: 60
Tax Year: 2025
Total Actual Rent: 10795
Utilities: for Electric Range,for Electric Oven,for Electric Dryer,Washer Hookup
Water/Sewer Expense: 900
Water Source: Public
Waterfront Features: Beach Front,Harbor,Ocean,1 to 2 Mile To Beach,Beach Ownership(Public)
Year Built: 1900
Year Built Details: Approximate
Year Built Source: Public Records
Zoning: R2

Amenities and Features

Other Features
Bathroom with Shower Stall
Dishwasher
Dryer
Has Heating System
Kitchen
Laundry Room
Living RM/Dining RM Combo
Living Room
Open Parking
Rain Gutters
Range
Refrigerator
Washer

Property Address

Address: 7 & 7 1/2 Bridge St, Danvers MA 01923
City:
State/County:
Zip: 01923
Country: US

Payment Calculator

$ 10,027.04
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 8,393.71

Map

Transport
Supermarkets
Schools
Restaurants
Pharmacies
Hospitals

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7 & 7 1/2 Bridge St, Danvers MA 01923 | © 2024 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS ARE DEEMED RELIABLE, BUT SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. THE NUMBER OF BEDROOMS LISTED ABOVE IS NOT A LEGAL CONCLUSION. EACH PERSON SHOULD CONSULT WITH HIS/HER OWN ATTORNEY, ARCHITECT OR ZONING EXPERT TO MAKE A DETERMINATION AS TO THE NUMBER OF ROOMS IN THE UNIT THAT MAY BE LEGALLY USED AS A BEDROOM. EQUAL HOUSING OPPORTUNITY.

 

Quick Property Details

  • Price: $ 1,750,000
  • Additional Price Info:
  • Total Rooms: 13
  • Bedrooms: 6
  • Bathrooms: 4
  • Lot Size: 0.31 ft2
  • Architectural Style:
  • Cooling: None
  • Heating: Baseboard,Natural Gas,Electric
  • Basement: Concrete
  • Fireplace Features: ; Total Fireplaces: 0
  • Construction Materials: Frame
  • Sewer: Public Sewer
  • Water Source: Public
  • Year Built: 1900
  • Number of Stories: 7
  • Parking: Paved Drive,Off Street,Paved; Spaces: 18, Covered: 0, Garage: 0
  • HOA Fee: ()
  • Agent: 57
  • MLS Status: Active
  • Full Bathrooms: 4, Half Bathrooms: 0
  • Tax Annual Amount: 16409.16
  • Zoning: R2

Additional Property Details

  • Stories Total: 7
  • Structure Type:
  • Accessibility Features:
  • Association Amenities:
  • Foundation Details: Stone,Brick/Mortar
  • Roof: Shingle
  • Window Features:
  • Pool Features:
  • Spa Features:
  • Pets Allowed:
  • View:
  • Waterfront Features: Beach Front,Harbor,Ocean,1 to 2 Mile To Beach,Beach Ownership(Public)
  • Lot Features: Level

Quick Stats

Size: 2,744.00 ft2 |
Original List Price: 1750000 |
Modified On: 2025-02-08T08:05:00.000Z |
Property Condition:

View count: 6

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Steven Novak