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Sold on 07/01/2025

23 Prince St, Danvers, MA 01923

  • $10,000,000

    Last sold 07/01/2025 after 14 Days

  • 66

    bed

  • 44

    bath

  • 41,680

    Sqft ($240/Sqft)

Multi-family not for sale
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About 23 Prince St

Property type Multi-family
Year built 1997
HOA fee $0/month
Lot size 11.91 Acre
Property description
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.
Listed by
Listing Agent - Kelleher - Pentore Team
Listing Office - Horvath & Tremblay
Source: MLS Property Information Network, Inc. mls logo
MLS#73391932 • last updated 9 months ago
Movoto checked MLS Property Information Network, Inc. for data 5 minutes ago
Overview
Levels/Style 8, 8
MLS # 73391932
Type Residential Income
Status Active
SubType 5+ Family - 5+ Units Side By Side
SqFt 41680
Lot Size (SqFt) 518799
Lot Size (Acres) 11.91
Annual Property Tax 68433
Year Built 1997
Interior
Total # of Bathrooms 44
# Full Baths 22
# Half Baths 22
Total # of Bedrooms 66
Basement Full, Partially Finished
Total # of Rooms 99
Exterior
Foundation Other
Roof Shingle
Parking Desc Off Street
# Parking Spaces 46
Lot Desc Level
Amenities / Utilities
Sewer Public Sewer
Electricity Individually Metered
Water Source Public
Location
County Essex
Community Features Public Transportation, Shopping, Park, Walk/Jog Trails, Bike Path, Highway Access, Public School
Zoning R2
APN 1878798
Directions Please Use GPS
Multifamily Details
Rent Includes Unit 1(Water), Unit 2(Water)
Net Operating Income 560277
Operating Expense 272763
Total Actual Rent 32767
Gross Income 833040
  • Jun 2025
    mls logo MLS # 73391932
  • Jun 17, 2025 Listed
    $9,500,000
  • 23 Prince St
    $10M
  • —
  • 01923
    $809K +138% y/y
  • Danvers
    $699K -7% y/y
No chart available
Statistics calculated by Movoto

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5/10
Danvers High School
public Grades 9-12
Danvers School District
Source: GreatSchools.org © 2026. All rights reserved.

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