
16 Wenham Street Danvers — Photo 1 of 39
$649,900
Investment Analysis — 16 Wenham Street
Danvers, MA 01923
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 01923 carries an estimated $3,230/mo in gross rent — about a 3.63% cap rate and $23,585/yr in estimated NOI at the $649,900 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2
SqFt
1,277
Style
Single Family
Built
1926
This Danvers Gambrel pairs distinctive character with a location that puts recreation, town amenities and major routes within easy reach. Putnamville Park and access to the Danvers Rail Trail are nearby, with the trail connecting to Downtown Danvers and neighboring communities, while Route 1, Route 128 and I-95 provide access throughout the North Shore. Inside, the main level offers a bright living and dining area with engineered hardwood flooring and recessed lighting, complemented by a spacious kitchen with stainless steel appliances, generous cabinetry and plenty of prep space. Three bedrooms occupy the second floor, along with a tiled full bath featuring a skylight, while a second full bath and laundry are located on the first floor. Central air adds comfort, and the unfinished walkout basement provides useful storage and future possibilities. Outdoors, a wood deck extends into the fenced yard with garden space, stonework and a storage shed, creating a private setting for relaxing or entertaining. With Downtown Danvers, Endicott Park, the Rail Trail and North Shore destinations all within reach, this home offers a strong combination of character, function and location.
ADU Potential
Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 639 sq ft (the lesser of 900 sq ft or half the 1,277 sq ft principal dwelling). Lot size: 3,210 sq ft.
Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Immersive Experience
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Electric Water Heater • Water Heater
Neighborhood
Public Transportation • Shopping • Park • Highway Access • House of Worship • Marina
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First13 x 15
Flooring - Hardwood, Cable Hookup, Recessed Lighting
Dining Room
Lvl First13 x 7
Flooring - Hardwood, Recessed Lighting
Kitchen
Lvl First14 x 11
Flooring - Stone/Ceramic Tile, Recessed Lighting, Stainless Steel Appliances
Master Bedroom
Lvl Second14 x 10
Closet, Flooring - Hardwood, Cable Hookup, Recessed Lighting
Bedroom 2
Lvl Second14 x 11
Bedroom 3
Lvl Second11 x 11
Closet, Flooring - Hardwood, Cable Hookup, Recessed Lighting
Bathroom 1
Lvl Second11 x 7
Bathroom - Full, Bathroom - Tiled With Tub, Skylight, Flooring - Stone/Ceramic Tile, Recessed Lighting
Bathroom 2
Lvl First6 x 7
Bathroom - Full, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile, Recessed Lighting
Listing Agent: Paul Coleman
Listing Office: Lamacchia Realty, Inc.
MLS® Number: 73568239
