23 Prince St, Danvers MA 01923

Danvers, MA 01923
$10,000,000
Est. $53,224/month
66
Beds
33
Baths
41,680
Sq Ft
$240
Price/Sq Ft
11.91
Acres
1997
Year Built
5+ Family - 5+ Units Side by Side
Type
13
Days on Market
Closed Listed Sep 29, 2025 • MLS# 73391932

About this home

Spring Meadows Apartments consists of 3 buildings and contains a total of 22 units, comprised entirely of 3+Bedroom/1.5-Bathroom direct entry townhouse units. The Property has been well-maintained by current ownership and features ample off-street parking with 46 spaces and separate utilities with HVAC systems throughout and laundry hookups in each unit. Large units (approximately 2,000 square feet) offer spacious layouts with finished walkout basements and many units have been renovated with granite countertops and stainless-steel appliances. The Property offers upside through programmatic upgrades to the unrenovated units and by implementing additional improvements to modernize finishes and fixtures in the renovated units. Spring Meadows offers the opportunity to acquire a well-maintained investment property with upside in a desirable North Shore location. The subject property is ideal for a potential buyer looking for income growth and strong investment returns.

Sale Statistics

Sale Overview
Original List Price: $9,500,000
Final Sale Price: $10,000,000
Difference: +$500,000 (+5.3%)
Performance Metrics
105.3%
List to Sale Ratio
Sold above asking price
13
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $228
Sale $/sq ft: $240
This property sold for $240 per square foot
Sale Summary

This property sold for 5.3% above the original asking price, indicating strong buyer demand.

With only 13 days on market, this was a quick sale compared to typical market conditions.

Facts & Features

Property Overview

Property Type
5+ Family - 5+ Units Side by Side
Property Category
Residential Income
Year Built
1997
Bedrooms
66
Full Bathrooms
22
Half Bathrooms
22
Living Area
41,680 sq ft
Total Rooms
99
Stories
8
Levels
8

Interior Features

Has Fireplace
No
Basement Details
Full, Partially Finished

Exterior & Structure

Roof
Shingle
Foundation
Other
Has Spa
No
Waterfront Property
No

Lot & Land

Lot Size
11.91 acres
Lot Size
518,799 sq ft
Lot Size Area
11.9100
Lot Features
Level

Parking & Garage

Has Garage
No
Total Non-Garage Parking Spaces
46
Parking Features
Off Street

Utilities & Systems

Water Source
Public
Sewer
Public Sewer
Electric
Individually Metered

Community & HOA

Community Features
Public Transportation, Shopping, Park, Walk/Jog Trails, Bike Path, Highway Access, Public School
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$68,433
Tax Year
25
Tax Assessed Value
$6,226,800
Parcel Number
1878798
Zoning
R2

Additional Details

Year Built Source
Public Records
Year Built Details
Actual
Disclosures
Total Monthly Rent is $69, 420, $32, 767 is the maximum input allowed by MLS. Total number of rooms is 132, 99 is the maximum input allowed by MLS.

Location

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Neighborhood

23 Prince St, Danvers MA 01923

Danvers, MA 01923

Walkability

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Schools

School information not available

Monthly Payment Calculator

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Estimated Monthly Payment $0

Payment Breakdown

Principal & Interest $0
Property Tax $5,703
Homeowners Insurance $200
PMI $0

Property History

Market Insights

5%
Price Range
14
Total Days on Market

Property Timeline

Sold
Sep 22, 2025
$10,000,000
Property sold
Days on Market: 14
🏠
Listed for Sale
Jun 17, 2025
$9,500,000
Original listing
Agent: Kelleher - Pentore Team Office: Horvath & Tremblay

Price & Status History

Date Event Price Change
Jun 17, 2025 New Listing Added $9,500,000

Market Statistics

Days on Market
13 days
Price per Sq Ft
$240

Tax History

Year Taxes Assessment
25 $68,433 $6,226,800

Financial Details

Annual Property Tax
$68,433
Tax Year 25
Assessed Value
$6,226,800

Listing Information

Listing Agent Kelleher - Pentore Team
Listing Office Horvath & Tremblay
Agent MLS ID TM359859
Office MLS ID AN2723

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