161 Summer St Danvers — Photo 1 of 42
$909,900
Investment Analysis — 161 Summer St
Danvers, MA 01923 — St. John's Prep/Woodvale
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 01923 carries an estimated $3,560/mo in gross rent — about a 2.70% cap rate and $24,582/yr in estimated NOI at the $909,900 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
2
SqFt
2,457
Style
Single Family
Built
1956
Meticulously maintained 4-bedroom, 2-bath ranch set on a beautifully landscaped 0.58-acre lot. This lovingly cared-for home has been thoughtfully updated throughout their ownership. The eat-in kitchen features a Calacatta stone island and countertops, custom navy tile backsplash, gold hardware, SS appliances, hood vent, and a pot filler above the range. The open-concept living area boasts a shiplap accent wall and flows to a dining room with a striking Panda white quartz fireplace surround and vaulted ceiling. Hardwood floors and recessed lighting run throughout the main level. The finished lower level offers incredible bonus space: a media room, custom bar, home gym area, laundry hookups, and a full bath with a stone shower. Central heat and air on the main level, hot water baseboard heat in the basement, and a 1-car garage under. Enjoy a spacious, private backyard. A rare opportunity in a convenient Danvers 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: 900 sq ft (the lesser of 900 sq ft or half the 2,457 sq ft principal dwelling). Lot size: 25,361 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
Gas Water Heater • Water Heater • Dishwasher • Disposal • Microwave • Range • Refrigerator • Range Hood • Wine Cooler
Neighborhood
Shopping • Park • Walk/Jog Trails • Golf • Medical Facility • Bike Path
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,FirstFlooring - Hardwood, Exterior Access, Open Floorplan, Recessed Lighting
Dining Room
Lvl Main,FirstFlooring - Hardwood, Recessed Lighting
Kitchen
Lvl Main,FirstFlooring - Hardwood, Countertops - Stone/Granite/Solid, Countertops - Upgraded, Kitchen Island, Deck - Exterior, Exterior Access, Open Floorplan, Recessed Lighting, Stainless Steel Appliances, Pot Filler Faucet, Gas Stove, Lighting - Overhead
Master Bedroom
Lvl Main,FirstCloset, Flooring - Hardwood, Recessed Lighting
Bedroom 2
Lvl Main,FirstBedroom 3
Lvl Main,FirstCloset, Flooring - Hardwood, Recessed Lighting
Bedroom 4
Lvl BasementCloset, Flooring - Vinyl, Recessed Lighting
Bathroom 1
Lvl Main,FirstBathroom - Full, Closet - Linen, Flooring - Stone/Ceramic Tile, Bidet, Recessed Lighting
Bathroom 2
Lvl BasementBathroom - Full, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Recessed Lighting
Listing Agent: Sladic Pajazetovic
Listing Office: Pajazetovic & Company
MLS® Number: 73568981
