Project Description

Sold Price $1,585,000
Units 5 (four 1BR/1BA, one 2BR/1BA)
Bedrooms 6
Bathrooms 5 full / 0 half
Living Area 5,268 sq ft
Lot Size 0.56 acres
Year Built 1895
Sold June 26, 2026

23 Hyde Street presents a well-located five-unit multifamily investment opportunity in Danvers. The property consists of a total of five residential units, including four 1-bedroom, 1-bath apartments and one 2-bedroom, 1-bath unit, offering a desirable and efficient unit mix that appeals to a broad tenant base. The asset benefits from ample off-street parking, enhancing tenant convenience and overall marketability.

Strategically positioned near major commuter routes, the property provides easy access to surrounding North Shore communities and is just minutes from shopping centers, dining, and retail amenities. Its strong location supports consistent rental demand and long-term stability.