There are multiple listings for this address:

7 & 7 1/2 Bridge St

Danvers, MA, 01923

$1,750,000

6 Beds

4 Baths

2,744 SqFt

0.31 Acres

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

Price:

$1,750,000

MLS #:

73332202

Status:

Active

Beds:

Baths:

Address:

7 & 7 1/2 Bridge St

Type:

Multi Family

Subtype:

4 Family – 4 Units Up/Down

Neighborhood:

Danversport

City:

Danvers

Listed Date:

Feb 4, 2025

State:

Finished Sq Ft:

2,744

Total Sq Ft:

2,744

ZIP:

01923

Lot Size:

13,460 sqft / 0.31 acres (approx)

Year Built:

1900

Units:

Schools

Elementary School:

Riverside

Middle School:

Holten Richmond

High School:

Danvers

Interior

Appliances

Washer, Dryer, Range, Refrigerator, Dishwasher

Bathrooms

4 Full Bathrooms

Cooling

None

Flooring

Laminate, Hardwood

Heating

Baseboard, Natural Gas, Electric

Laundry Features

Electric Dryer Hookup, Washer Hookup

Exterior

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

Exterior Features

Rain Gutters

Parking Features

Paved Drive, Off Street, Paved

Parking Spots

Roof

Shingle

Financial

Net Operating Income

$97,732

Tax Year

2025

Taxes

$16,409

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Marie Andrews

Realtor®, Broker/Owner, GBREB, Notary Public

pegasusrealtyma@gmail.com

Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…

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Courtesy of Lux Realty North Shore. The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

Rover IDX

7 & 7 1/2 Bridge St

Danvers, MA

7 & 7 1/2 Bridge St

Danvers, MA, 01923

$1,750,000

Beds

3 Baths

2,117 SqFt

0.31 Acres