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Sold on 06/21/2024

42 Preston St, Danvers, MA 01923

  • $2,028,000

    Last sold 06/21/2024 for $1.74M

  • 7

    bed

  • 7

    bath

  • 4,874

    Sqft ($358/Sqft)

Multi-family not for sale
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About 42 Preston St

Property type Multi-family
Year built 1880
HOA fee $0/month
Lot size 1.05 Acre
Movoto estimate
Parking 6 garage spaces
Property description
Discover this meticulously maintained 7-unit apartment building in charming Danvers, MA. Each unit is a spacious 1-bedroom apartment featuring classic New England charm. The property boasts generous living areas with one full bathroom per unit and separate utilities. Ample off-street parking with 6 bay garage along with basement storage. Located near major highways, public transportation, downtown Danvers, parks, and healthcare facilities, this property offers easy access to essential amenities. With stable rental income and low operating expenses this property presents an excellent investment opportunity.
Listed by
Listing Agent - Herrick Lutts Realty Partners
Listing Office - Herrick Lutts Realty Partners
Source: MLS Property Information Network, Inc. mls logo
MLS#73247292 • last updated 1 year ago
Movoto checked MLS Property Information Network, Inc. for data 7 minutes ago
Overview
Levels/Style 10
MLS # 73247292
Type Residential Income
Status Closed
SubType 5-9 Family
SqFt 4874
Lot Size (SqFt) 45738
Lot Size (Acres) 1.05
Annual Property Tax 12295
Year Built 1880
Interior
Total # of Bathrooms 7
# Full Baths 7
Total # of Bedrooms 7
Basement Full, Unfinished
Total # of Rooms 21
Flooring Varies
Exterior
Foundation Stone
Roof Shingle
Construction Frame
# Covered Spaces 6
Parking Desc Paved Drive, Off Street, Paved
# Parking Spaces 12
# Garage Spaces 6
Patio/ Porch Porch
Lot Desc Wooded
Amenities / Utilities
Sewer Public Sewer
Utilities For Gas Range, for Gas Oven
Water Source Public
Location
County Essex
Community Features Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, House Of Worship, Private School, Public School
Zoning R3
APN M:012 L:017 P:, 1873647
Directions Route 62 To Preston Street
Multifamily Details
Net Operating Income 140700
Total Actual Rent 6400
Gross Income 140700
Lot/ Land Details
Road Frontage Public
$2.02M
Range: $1.78M-$2.27M
Last 30 days 
  • Jun 2024
    mls logo MLS # 73247292
  • Jun 24, 2024 Active
    —
  • Jun 5, 2024 Listed
    $2,000,000
  • 42 Preston St
    $1.74M
  • —
  • 01923
    $809K +138% y/y
  • Danvers
    $719K -10% 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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The real estate listing data marked with this icon comes from the IDX program of the Massachusetts Multiple Listing Service™ system.
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 in 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.
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