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$899,900
Total Beds: 4 Total Baths: 3
Total Units: 2 SQFT: 2395
LOT size: 0.17 Acres
76 Water Street
Danvers, MA 01923
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Property Description

Have you ever dreamed of living right on the water? This rare waterfront offering overlooking the Crane River presents a unique opportunity to own a truly special property. Formerly a single-family residence, 76 Water St was thoughtfully converted into a two-family and offers exceptional flexibility. Ideal for an investor to hold or owner occupant. This home could easily be restored to a single-family,or explored for potential condo conversion.Unit 1 (currently owner occupied) features 2 bedrooms and 1.5 baths with a renovated kitchen and updated bathrooms, tall ceilings, generously sized rooms, & 2 fireplaces. Enjoy breathtaking river views from multiple rooms and relax on beautiful decks designed to take full advantage of the waterfront setting. A full basement w/laundry complete this unit.Unit 2 offers 2 bedrooms & 1 bath, 2 fireplaces, & charming period details.Sun-filled rooms, hardwood floors, and 1100 sq ft of walk up attic waiting to be finished for more living space

Property Details

Building Information

  • Total Units: 2
  • Total Floors: 3
  • Total Bedrooms: 4
  • Total Full Baths: 2
  • Total Half Baths: 1
  • Total Fireplaces: 4
  • Amenities: Highway Access, House of Worship, Laundromat, Medical Facility, Park, Private School, Public School, Public Transportation, Shopping
  • Basement Features: Full, Partially Finished
  • Common Rooms: Dining Room, Kitchen, Living RM/Dining RM Combo, Living Room, Mudroom
  • Common Interior Features: Bathroom With Tub & Shower, Ceiling Fans, Storage, Tile Floor, Upgraded Countertops, Walk-Up Attic
  • Common Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
  • Common Heating: Extra Flue, Gas, Heat Pump

Financial

  • APOD Available: Yes
  • Expenses Source: Owner Provided
  • Gross Operating Income: 26400
  • Gross Expenses: 22700
  • GSE: 4600
  • Electric Expenses: 3600
  • Water/Sewer: 2500
  • Net Operating Income: 15700

Utilities

  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 2
  • Levels: 1

Construction

  • Year Built: 1850
  • Type: 2 Family - 2 Units Up/Down
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Hardwood, Tile, Wall to Wall Carpet, Wood
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73465915
  • Last Updated: 01/13/26

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Map

Seller's Representative: Christine Rich, Citylight Homes LLC
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 2026-01-13 21:59:00