7 & 7 1/2 Bridge St, Danvers, MA 01923
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$1,750,000
4 Unit
6 Beds
4 Baths
2744 SQFT
0.31 Acre

Property 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 tap to expand

Building Information

  • Total Units: 4
  • Total Floors: 7
  • Total Bedrooms: 6
  • Total Full Baths: 4
  • Amenities: Bike Path, Conservation Area, Golf Course, Highway Access, House of Worship, Laundromat, Marina, Medical Facility, Park, Public School, Public Transportation, Shopping, Tennis Court, T-Station, Walk/Jog Trails
  • Basement Features: Concrete Floor
  • Common Rooms: Kitchen, Living RM/Dining RM Combo, Living Room
  • Common Interior Features: Bathroom with Shower Stall
  • Common Appliances: Dishwasher, Dryer, Range, Refrigerator, Washer, Washer Hookup
  • Common Heating: Electric, Extra Flue, Forced Air, Gas, Gas, Heat Pump, Hot Air Gravity, Hot Water Baseboard, Space Heater
  • Common Cooling: None

Financial

  • APOD Available: Yes
  • Expenses Source: Owner Provided
  • Gross Operating Income: 129540
  • Gross Expenses: 31808
  • GSE: 1800
  • Electric Expenses: 3840
  • Water/Sewer: 900
  • RFS: 2640
  • Management Fee: 2100
  • Net Operating Income: 97732

Utilities

  • Utility Connections: for Electric Dryer, for Electric Oven, for Electric Range, Washer Hookup
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 3 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 4 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1900
  • Type: 4 Family - 4 Units Up/Down
  • Construction Type: Aluminum, Frame
  • Foundation Info: Brick, Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Hardwood, Laminate
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73332202
  • Last Updated: 02/17/25

Property History tap to expand

Date Event Price Price/Sq Ft Source
02/08/2025Active$1,750,000$638MLSPIN
02/08/2025Active$1,750,000$827MLSPIN
02/04/2025New$1,750,000$638MLSPIN
02/04/2025New$1,750,000$827MLSPIN

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Seller's Representative: The Pizzo Group, Aluxety
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2025-02-17 13:47:00